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In a bond portfolio, the following are the present values of all cash flows by annual period: PV Cash flows Year (millions) 1 16

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In a bond portfolio, the following are the present values of all cash flows by annual period: PV Cash flows Year (millions) 1 16 2 11.2 3 13.8 4 18.1 5 18.7 What is the percentage contribution to duration of the year 3 cash flows?

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