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If you had $1 million invested in the 3-year 5% coupon bond where YTM=5%, how many of the 4-year zero-coupon bonds would you need to
If you had $1 million invested in the 3-year 5% coupon bond where YTM=5%, how many of the 4-year zero-coupon bonds would you need to short-sell to hedge your interest rate risk?
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