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Joey is currently holding a bond portfolio consisting of both long terms to maturity bonds and short-term to maturity bonds. She has no intention to

Joey is currently holding a bond portfolio consisting of both long terms to maturity bonds and short-term to maturity bonds. She has no intention to invest in other assets. She expects the interest rate to increase next month. Hence, she decided to increase the proportion of bonds with longer-term to maturity in her portfolio now. Comment on Joeys decision.

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