You own a bond portfolio worth 170885 you estimate that


You own a bond portfolio worth ?$170,885. You estimate that your portfolio has an average? yield-to-maturity of 6.7% and Macaulay Duration of 3.6 years. If interest rates went down one percentage point and your? portfolio's yield-to-maturity changed by the same? amount, what would be the new value of your bond? portfolio?

The new portfolio value would be $___. (Round to whole number)

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Financial Management: You own a bond portfolio worth 170885 you estimate that
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