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Answer: D
NEW QUESTION: 2
A developer has created a date hierarchy using the Date Hierarchy wizard. Which of the following is true of all the members in this hierarchy?
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Sam has hedged a portfolio of bonds against a small parallel shift in the yield curve using the duration measure. What should Sam do to ensure that the portfolio is hedged against larger parallel shifts in the yield curve?
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D. Take positions to reduce the duration
Answer: A
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