Question
The duration of a $100 million portfolio is 15 years. $40 million dollars in new securities are added to the portfolio, increasing the duration of
The duration of a $100 million portfolio is 15 years. $40 million dollars in new securities are added to the portfolio, increasing the duration of the portfolio to 12.5 years. What is the duration of the $40 million in new securities?
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Public School Finance Decoded
Authors: Jay C. Toland
1st Edition
1475827679, 978-1475827675
