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Assume that you manage a bond portfolio. The Dollar duration of the portfolio is -5,194,000. An instrument is traded with dollar duration equal to 910.

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Assume that you manage a bond portfolio. The Dollar duration of the portfolio is -5,194,000. An instrument is traded with dollar duration equal to 910. To make the portfolio duration neutral you need to trade this many units of the hedging instrument. Answer approximate to the closest integer. Use the negative sign for short sell (example: -2550) and just the integer for buy (example: 2550)

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