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Sara is a portfolio manager. She is managing a portfolio of $1 million. Sara's target duration is 10 years, and she can invest in two
Sara is a portfolio manager. She is managing a portfolio of $1 million. Sara's target duration is 10 years, and she can invest in two bonds, a zero-coupon bond with maturity of five years and a perpetuity, each currently yielding 5.5%
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