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Business, 28.05.2021 18:30 joserodriguez212004

You are managing a portfolio of $2.0 million. Your target duration is 20 years, and you can choose from two bonds: a zero-coupon bond with maturity six years, and a perpetuity, each currently yielding 4%.How will be the fraction of the zero-coupon bond next year if target duration is 19 years

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