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To create a portfolio with a duration of 9 years using a 5-year tero-coupon bond and a perpetual bond, one would have to invest zero-coupon

To create a portfolio with a duration of 9 years using a 5-year tero-coupon bond and a perpetual bond, one would have to invest zero-coupon bond. The current interest rate is 10% 9 of the portfolio value in the

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