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BANKAMERICA TO PAY FOR HEDGE ROLE: BankAmerica Corp.'s business with D.E. Shaw & Co., a securities firm and hedge fund, is expected to reduce profits in the fourth quarter by about $100-million, analysts said. BankAmerica of Charlotte, N.C., took over a $20-billion bond portfolio from D.E. Shaw, after taking a loss of $372-million in the third quarter on a loan to the New York investment firm. BankAmerica's stock fell $1.56\ to $60.12{.

MORTGAGE RATES EDGE UP: The average interest rate on 30-year fixed-rate mortgages rose this week to 6.83 percent, the highest since mid-November, mortgage company Freddie Mac said. The increase, from 6.77 percent, was the second consecutive weekly increase in the mortgage rate after a five-week slide from 6.93 percent Nov. 12. Fifteen-year mortgages, a popular option for refinancing, averaged 6.48 percent this week, up from 6.41 percent.

_ Compiled from Bloomberg News and wire reports.

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