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PLEASE HELP FAST!! Much appreciated! The duration of a $400 million portfolio is 8 years. Added to the portfolio are $150 million of securities, increasing
PLEASE HELP FAST!! Much appreciated!
The duration of a $400 million portfolio is 8 years. Added to the portfolio are $150 million of securities, increasing the duration of the entire portfolio (after the new securities are added) to 10 years. What is the duration of the new bonds?
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
