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Suppose you expect interest rates to rise in the near future, and you presently own a pair of bonds in your portfolio. Using the concept

Suppose you expect interest rates to rise in the near future, and you presently own a pair of bonds in your portfolio. Using the concept of duration, which of the two (if any) would you want to sell first in anticipation of a drop in prices, avoiding falling prices as best you can? (Assume both are of equal face value and risk.)(b) Pair 2: 15 year, 10%, selling at a premium 1.5 year, 10.25%, selling at a premium Question 4 options: 5-year, 10%, selling at a discount 5-year, 11%, selling at a premium Neither Impossible to determine from the information given

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