Question
The duration of a $350 million portfolio is 16.85 years. $75 million dollars in new securities are added to the portfolio, decreasing the duration of
The duration of a $350 million portfolio is 16.85 years. $75 million dollars in new securities are added to the portfolio, decreasing the duration of the portfolio to 14.75 years. What is the duration of the $75 million in new securities?
| 8.67 years | ||
| 3.0 years | ||
| 4.95 years | ||
| 6.33 years | ||
| 11.50 years Will Rate!! Thanks!! |
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Accounting Information For Business Decisions
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
2nd Edition
0170253708, 978-0170253703
