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The duration of a $100 million bond portfolio is 10 years When S40 million in new bonds are added to the portfolio the duration of the overall bond portfolio increases to

The duration of a $100 million bond portfolio is 10 years. When S40 million in new bonds are added to the portfolio, the duration of the overall bond portfolio increases to 12.5 years. What is the duration of the $40 million in new bonds?
 

Apr 08 2020 Read more Less More

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