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Please choose the answer to best complete the following sentence. To reduce a portfolio's duration, an investor can: 1. Sell interest rate futures contracts II.

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Please choose the answer to best complete the following sentence. To reduce a portfolio's duration, an investor can: 1. Sell interest rate futures contracts II. Short sell bonds III. Buy interest rate futures contracts IV. Sell some of the bonds in his portfolio I and II only O I, II, and IV only O I, II, III, and IV Ill only

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