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A portfolio has the following composition: Bond portfolio A: price $90,000, modified duration 2.5, long position in 8 bonds. Bond portfolio B: price $110,000, modified duration 3, short position in 6 bonds. Bond portfolio C: price $120,000, modified duration 3.3, long position in 12 bonds The current rate of interest rates are 10%. If the rates rise by 25 basis points, then the bond portfolio value will:
Choose one answer.