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Your company owns the following bonds: Bond Market Value Duration A $13 Million 2 B $18 million 4 C $20 million 3 If general interest

Your company owns the following bonds:

Bond Market Value Duration

A $13 Million 2

B $18 million 4

C $20 million 3

If general interest rates rise from 8% to 8.5%, what is the approximate change in the value of the portfolio?

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