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- 2013-8-19
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I think the question is differentiating between duration of levered portfolio and duration of portfolio.
Duration of levered portfolio is duration of equity. See Q13 & 14 - EOC Reading 25.
Duration of portfolio is duration of Assets, which includes both Equity and Debt.
At least that is my story and I am sticking to it. :-)
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发表于 2013-4-24 16:28
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