Tangerine County currently has 2,000,000 of financial assets with an average duration of 11 at the current market interest rate of 6 Using the duration formula, estimate the percentage change in the value of Tangerine County's assets if market interest rates go down by 1 (from 6 to 5 ) O 10 38 O 1...

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Financial Reporting Financial Statement Analysis and Valuation a strategic perspective

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Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw

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