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You have $525,000 invested in bond A which has a modified duration of 3.21 and $325,000 invested in bond B which has a modified duration

You have $525,000 invested in bond A which has a modified duration of 3.21 and $325,000 invested in bond B which has a modified duration of 11.53. If interest rates fall by 50 basis points, your portfolio would gain/lose approximately how much money?

lose $27,162.50

gain $27,162.50

gain $32,498.63

lose $32,498.63

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