Question: Assuming the data in the following table for corporate bonds, compute the average hedge ratio (duration multiplier) at the average spread level for the three

Assuming the data in the following table for corporate bonds, compute the average hedge ratio (duration multiplier) at the average spread level for the three credit ratings (M1, M2, and M3):

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AaaAa A Baa Constant a 104 095 091 Spread coefficient b 008 008 ... View full answer

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