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4. Answer the following questions (20 pts): a) Explain why you agree or disagree with the following statement: It is always better to have a

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4. Answer the following questions (20 pts): a) Explain why you agree or disagree with the following statement: It is always better to have a portfolio with more convexity than one with less convexity. b) Explain why you agree or disagree with the following statement: A bullet portfolio will always outperform a barbell portfolio with the same dollar duration if the yield curve steepens

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