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Question 18 5.75 pts The duration of a $110 million portfolio is 9 years. $35 million dollars in new securities are added to the portfolio,

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Question 18 5.75 pts The duration of a $110 million portfolio is 9 years. $35 million dollars in new securities are added to the portfolio, increasing the duration of the portfolio to 11.5 years. What is the duration of the $40 million in new securities to 2 decimal places

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