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You own a $11 million bond portfolio with a modified duration of 9 years. Interest fates are expected to increase by 6 basis points, or

You own a $11 million bond portfolio with a modified duration of 9 years. Interest fates are expected to increase by 6 basis points, or 0.06%. What is the price value of a basis point? Muniple Choice $3,800 57,700 $9.900 $14,700

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