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You are the portfolio manager for the following securities where the market value and modified duration are provided below: Securities Market Value Modified Duration A

You are the portfolio manager for the following securities where the market value and modified duration are provided below: Securities Market Value Modified Duration A 100,000 6 B 200,000 4 300,000 6 D 400,000 4 If there is an instantaneous increase in interest rates of 1%, estimate the market value of the portfolio after the interest rate increase using the first-order modified approximation

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