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You crunch the numbers and you determine that the duration of the bond portfolio is 6.2 years. The current yield curve is flat at =3%

You crunch the numbers and you determine that the duration of the bond portfolio is 6.2 years. The current yield curve is flat at =3% (annual interest rate). If the yield curve moves to a new level between 1% and 3.5%, what is the minimum potential net return on your bond position based on the duration approximation?

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