) USING DOLLAR DURATION AND THE DATA IN EXHIBIT 1, HOW MUCH CASH DOE...

4. - CFA MOCK EXAM LEVEL III MOCK EXAM VERSIONC QUESTIONS 2014
CFA MOCK EXAM LEVEL III MOCK EXAM VERSIONC QUESTIONS 2014
4.) Using dollar duration and the data in Exhibit 1, how much cash does Markov's client need to rebalance the portfolio, assuming new investments are in equal proportions of one-third of each bond? A. $7,993,335. B. $28,618,000. C. $8,098,245.