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Just after your purchase, interest rates drop to 8%. What is the new duration of your portfolio? And how would you have to rebalance your

Just after your purchase, interest rates drop to 8%. What is the new duration of your portfolio? And how would you have to rebalance your portfolio to immunize your liability again?

Use the text box below to answer the question, showing your thought process, and make sure you include the following:

duration of the new portfolio

new bond prices,

updated number of bonds in the portfolio.

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