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)