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Consider an investor who has an investment horizon of 8.95 years. The investor can invest in 2 different bonds: Bond A and Bond B. Bond

Consider an investor who has an investment horizon of 8.95 years. The investor can invest in 2 different bonds: Bond A and Bond B. Bond A has an effective duration of 5 years and bond B has an effective duration of 13 years. Calculate the proportion of the investor's bond portfolio that should be invested in bond A if the investor wants to have an immunized portfolio.

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