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A portfolio consists of two bonds listed below: Bond X Bond Y Maturity 5 years 11 years Macaulay Duration 4.58 7.96 Modified Duration 4.36 7.56

A portfolio consists of two bonds listed below:

	Bond X	Bond Y
Maturity	5 years	11 years
Macaulay Duration	4.58	7.96
Modified Duration	4.36	7.56

Determine the weights for each bond in the portfolio to immunize a single liability at will paid 5.5 years from now.

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