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Last year,you created an immunized portfolio with an average maturity date of 14.5 years,a yield-to-maturity of 9.8 percent,and a duration of 9.6 years.According to the policy of dynamic immunization,you should now modify your portfolio in which one of the following ways?
Kick-Off
The start or beginning of an event, project, or activity.
Pole Position
The leading starting position in a race, typically located on the inside of the track's first turn.
Contractions
Contractions are shortened forms of words or phrases, created by omitting certain letters and sounds, typically in informal language (e.g., "can't" for "cannot").
Salutations
Formal or informal expressions of greeting or acknowledgment used in communication, especially at the beginning of letters or emails.
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