Question 3 (1 point) Saved A hedge fund uses repo to invest in some fixed income securities. The hedge fund has equity of $2 million, and the repo loan is $8 million, so the total assets the hedge fund invests in are worth $10 million. Suppose the asset duration is 1, and assume the duration of the repo loan is zero. What is the duration of the hedge fund's equity? 1 N 5 7 10