Question: solve without excel or excel formulas and provide explanations and show calculation Question 20 The table below shows the present value, modified duration, and convexity

solve without excel or excel formulas and provide explanations and show calculation

solve without excel or excel formulas and provide explanations and show calculation

Question 20 The table below shows the present value, modified duration, and convexity of a portfolio at 4.00% yield: (in millions) Present Value Modified Duration Portfolio 221-4 If the interest rate changes to 5.00%, estimate the present value of the portfolio (your formula should use all values provided). Portfolio price

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