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Problem 5 You are managing a portfolio of $1 million. Your target duration is 10 years, and you can choose from two bonds: a zero-coupon

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Problem 5 You are managing a portfolio of $1 million. Your target duration is 10 years, and you can choose from two bonds: a zero-coupon bond with maturity 7 years, and a zero-coupon bond with a maturity of 15 years, each currently yielding 5%. How much of each bond will you hold in your portfolio

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