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Assume you manage a bond portfolio. The dollar duration of the portfolio is - 6 0 0 0 0 . An instrument is traded with

Assume you manage a bond portfolio. The dollar duration of the portfolio is -60000. An instrument is traded with dollar duration equal to 1,280. To make the portfolio duration neutral byou need to trade this many units of the hedging instrument. Answer approximate to the closest interger. Use negative sign if its a short sell.

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