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You have a portfolio with Macaulay duration of 8 years, however you are going to hold this portfolio for 9 years. Which type of interest

You have a portfolio with Macaulay duration of 8 years, however you are going to hold this portfolio for 9 years. Which type of interest rate risk are you predominantly exposed to?

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Equal exposure to price risk and reinvestment risk.

Cannot be determined.

Price risk.

Reinvestment risk.

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