Find the duration of a portfolio invested in a number N of bonds, all with the...
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Find the duration of a portfolio invested in a number N of bonds, all with the same yield-to-maturity y, under the assumption that a fraction w of the portfolio is invested in bond "i". How can you interpret the expression that you have derived? Find the duration of a portfolio invested in a number N of bonds, all with the same yield-to-maturity y, under the assumption that a fraction w of the portfolio is invested in bond "i". How can you interpret the expression that you have derived?
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