Question: The six - month and one - year The modified duration of a bond portfolio worth $ 1 million is 5 years. By approximately how

The six-month and one-year The modified duration of a bond portfolio worth $1 million is 5 years. By approximately how much does the value of the portfolio change, if all yields increase by 5 basis points? are 3% and 4% per annum with semiannual compounding. Which of the following is closest to the one-year par yield expressed with semiannual compounding?

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