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Building bond ladders is a prevalent practice. What are the rationales for using your language, and how can this be conducted? In the current market

Building bond ladders is a prevalent practice. What are the rationales for using your language, and how can this be conducted? In the current market environment (as of June 2023), what type of bonds do you, as a portfolio manager, prefer to have in your portfolio to minimize the risk of your investment? Justify your choice with appropriate theories/practices

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