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The duration of a $400 million portfolio is 18.0 years. $100 million in new securities are added to the portfolio, shortening the duration of the

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The duration of a $400 million portfolio is 18.0 years. $100 million in new securities are added to the portfolio, shortening the duration of the portfolio to 16.5 years. Whiat is the duration of the 100 million in new securities

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