The next excerpt is taken from an article titled "Wood Struthers to Add High-Grade Corporates," which appeared in the February 17, 1992, issue of BondWeek, p. 5: Wood Struthers & Winthrop is poised to add a wide range of high-grade corporates to its $600 million fixed-income portfolio.... It will increase its 25% corporate allocation to about 30% after the economy shows signs improving.... It will sell Treasuries and agencies of undetermined ma- turities to make the purchase.... of Its duration is 4-5 years and is not expected to change significantly.... Comment on this portfolio strategy.

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