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7. An investor has a bond portfolio worth USD 20,000 with a duration of 6. How can the position be hedged with a bond that

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7. An investor has a bond portfolio worth USD 20,000 with a duration of 6. How can the position be hedged with a bond that has a duration of 10? (a) Short USD 20,000 of the bond with duration of ten (b) Short USD 14,000 of the bond with duration of ten (c) Long USD 14,000 of the bond with duration of ten (d) Short USD 12,000 of the bond with duration of 10

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