Question

For an $1.45 million immunized portfolio, how many $1,000 TI bonds (current quote of 98.623) were...

For an $1.45 million immunized portfolio, how many $1,000 TI bonds (current quote of 98.623) were bought to immunize (round up to the nearest whole number)? You calculate TI must comprise 44.278% of the portfolio.

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