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value: 10.00 points A manager is holding a $2.2 million bond portfolio with a modified duration of 8 years. She would like to hedge the

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value: 10.00 points A manager is holding a $2.2 million bond portfolio with a modified duration of 8 years. She would like to hedge the risk of the portfolio by short-selling Treasury bonds. The modified duration of T-bonds is 10 years. How many dollars worth of T-bonds should she sell to minimize the risk of her position? (Enter your answer in dollars not in millions.) Worth of T-bonds

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