Question: Last year, you created an immunized portfolio with an average maturity date of 1 4 . 5 years, a yield to maturity of 9 .

Last year, you created an immunized portfolio with an average maturity date of 14.5 years, a yield to maturity of 9.8%, and a duration of 9.6 years. According to the policy of dynamic immunization, which of the following is the best choice for modifying your portfolio?

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