13. The duration of a $100 million portfolio is 10 years. $40 mjllion in new securities are...
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13. The duration of a $100 million portfolio is 10 years.
$40 mjllion in new securities are added to the port-
folio, increasing the duration of the portfolio to 12.5 years. What is the duration Of the $40 million in new securities?
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Related Book For 
Financial Markets and Institutions
ISBN: 978-0321280299
5th edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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