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QUESTION 15 The duration of a $350 million portfolio is 1575 years. $75 million dollars in new securities are added to the portfolio, decreasing the

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QUESTION 15 The duration of a $350 million portfolio is 1575 years. $75 million dollars in new securities are added to the portfolio, decreasing the duration of the portfolio to 14.5 years. What is the duration of the $75 million in new securities? O 6.33 years 1150 years O 30 years 4 95 years O 8.67 years

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