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Portfolio Value: $1,000,000 Current Portfolio Duration: 3.00 Desired Portfolio Duration: 5.25 Dollar Duration per contract $10,000 How many derivatives contracts would you long or short

Portfolio Value: $1,000,000 Current Portfolio Duration: 3.00 Desired Portfolio Duration: 5.25 Dollar Duration per contract $10,000 How many derivatives contracts would you long or short to change the portfolio duration to the target level?

long 2.25 contracts

short 2.25 contracts

short 2 contracts

long 2 contracts

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