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3. (10) Assume you are the manager of a multi-million dollar portfolio of corporate bonds and you believe interest rates will decline in the near

3. (10) Assume you are the manager of a multi-million dollar portfolio of corporate bonds and you believe interest rates will decline in the near future. Other investors have not yet accepted your belief, Page 2 of 3 but you want to act based on your personal beliefs. What adjustments should you make to the portfolio? Please be specific about how you would adjust your corporate bond holdings and assume that you must remain invested in corporate bonds.

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