Approximate percentage change in the portfolio value

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A portfolio of short-term bonds has one-, two-, and three-year rate durations of 0.43, 0.84, and 1.43, respectively. Currently, the appropriate one-, two-, and three-year yields are 2.58%, 3.42%, and 3.32%, respectively. What is the approximate percentage change in the portfolio value if the one-year yield changes to 2.9%, the two-year yield to 2.78%, and the three-year yield to 3.76%? (Round to the nearest 0.001%, drop the % symbol. E.g., if your answer is -1.2345%, record it as -1.235.)

Reference no: EM131896636

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