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tuarc managing a port tolio a LA Million Nour target duration is s upars, and ucu con Choosc fiom tuuo bonds: a zero-coupon bard th

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tuarc managing a port tolio a LA Million Nour target duration is s upars, and ucu con Choosc fiom tuuo bonds: a zero-coupon bard th matunity s uparo, and a perpctual bord, ach currently yielding 10%. How much ofctCh this ar in ordar to immun Tte fisk? Ahc intcreot A band i prat worth 1,080,00 and 1t5 ycld to maturity iS.3%. If the yield to maturity gccsctan to 7.31%, Wha+ will be the pond price? c duration of thc bond is Lo

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