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You forgot the duration of your bond portfolio! However, you remember that: Your bond portfolio has value of $ 5 million To hedge your interest

You forgot the duration of your bond portfolio!
However, you remember that:
Your bond portfolio has value of $5 million
To hedge your interest rate risk, you shorted 50 futures contracts each available at a price of $80,000
The futures contracts have a duration of 12
Based on that information, what is the duration of your bond portfolio?

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