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The duration of a $350 million portfolio is 15.75 years. $75 million dollars in new securities are added to the portfolio, decreasing the duration of
The duration of a $350 million portfolio is 15.75 years. $75 million dollars in new securities are added to the portfolio, decreasing the duration of the portfolio to 14.5 years. What is the duration of the $75 million in new securities? 8.67 years 6.33 years 11.50 years 3.0 years 4.95 years
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