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6.You are managing a portfolio of $1 million. Your target duration is 10 years, and you can invest in two bonds, a zero-coupon bond with

6.You are managing a portfolio of $1 million. Your target duration is 10 years, and you can invest in two bonds, a zero-coupon bond with maturity of five years and a perpetuity, each currently yielding 6.0%. a, What weight of each bond will you hold to immunize your portfolio? b, How will these weights change next year if target duration is now nine years?

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