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You own a bond portfolio worth $42,000 with a modified duration of 8.8 years. You believe the interest rate will decrease by 0.4% soon. Predict

You own a bond portfolio worth $42,000 with a modified duration of 8.8 years. You believe the interest rate will decrease by 0.4% soon. Predict the new value of your bond portfolio after this interest rate change. Round to the nearest $ amount. For example, if your answer is 12,345.67, then enter "12346". Margin for error: +/- 10

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