Estimate the new portfolio value

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Question: A bond portfolio is currently worth $500,000. It has a duration of 12.8 years. Next month, the interest rate increases by 0.3%, Estimate the new portfolio value. (margin for error: +/- 1,000) The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131948204

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