3. Find the duration of the current four-bond portfolio. Given the seven-year target that Grace has, would

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3. Find the duration of the current four-bond portfolio. Given the seven-year target that Grace has, would you consider this to be an immunised portfolio? Explain.

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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