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QUESTION 18 6 points Barve Answer You hold a S15 million portfolio of a bond portfolio with modified duration 4 years and desire to hedge

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QUESTION 18 6 points Barve Answer You hold a S15 million portfolio of a bond portfolio with modified duration 4 years and desire to hedge your interest rate exposure with T-bond futures which currently have modified duration 9 years? The Thond futures contract currently has value of $70,000. Should you buy or sell T-bond futures contracts to hedge your bond portfolio? How many futures contracts should you buy or sell? For the toolba presa ALT.F10 P O ALTFN F10 Mac Dararanh Arial 14ny WE T. ma

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