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You have $400,000 invested in bond A which has a modified duration of 3.51 and $600,000 invested in bond B which has a modified duration

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You have $400,000 invested in bond A which has a modified duration of 3.51 and $600,000 invested in bond B which has a modified duration of 8.25. Using the portfolio modified duration, if interest rates fall by 50 basis points your portfolio would gain/lose approximately how much money? lose $31,770 gain $21,150 lose $21,150 gain $31,770

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