Question: For each $ 1 , 0 0 0 face value of the 1 0 . 6 2 5 % bond, how much to go long
For each $ face value of the bond, how much to go long and how much
of the to go short to construct a portfolio that was neutral to interest rate changes?
PV; PV
Market price of bond plus accrued interest of $
Market price of bond plus accrued interest of $
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