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Your company owns the following bonds: Market Bond Duration Value $13,000,000 2 B $23,000,000 4 $20,000,000 3 What is the duration of the portfolio to

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Your company owns the following bonds: Market Bond Duration Value $13,000,000 2 B $23,000,000 4 $20,000,000 3 What is the duration of the portfolio to two decimal places? If general interest rates rise from 6% to 6.5%, what is the approximate change in the value of the portfolio to the nearest dollar

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