Question: Question 7 (1 point) Consider a bond portfolio, currently valued at $75 million. The level, slope and curvature factor durations are 6.96, 4.07 and -2.57

Question 7 (1 point) Consider a bond portfolio, currently valued at

Question 7 (1 point) Consider a bond portfolio, currently valued at $75 million. The level, slope and curvature factor durations are 6.96, 4.07 and -2.57 respectively. Assuming that the level factor increases by 1%, the slope factor decreases by 0.8% and the curvature factor decreases by 0.4%, what is the approximate dollar change in the value of the portfolio? -3.34 million -3.55 million -3.37 million -3.66 million -3.51 million

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