You have bought a $12-$year coupon bond that pays $5\%$

coupon annually. The yield to maturity is $6\%$ per year and

Face Value of $$100.$

There is another bond trading in the market. It is a $7-$year

bond paying a $6\%$ annual coupon with a yield to maturity

of $5\%$ and Face Value of $$100.$

Hedge your $12-$year position using this bond. How many

units of the second bond should you buy$/$sell$?$

sell $1\mathrm{.}2293$ bonds

buy $1\mathrm{.}3215$ bonds

sell $1\mathrm{.}3215$ bonds

buy $1\mathrm{.}2293$ bonds

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