You own a bond portfolio worth $393,353. The bonds have a weighted average duration of 16.5 years.  
If market rates rise by 35 basis points, by how much would the bond portfolio be expected to change in value? Be sure to include the correct sign and enter your result rounded to the nearest integer.

Answer rating: 100% (QA)

To calculate the change in the value of the bond portfolio due to a change in int... View the full answer