Order the answer to: You are a portfolio manager who has presented a report
||You are a portfolio manager who has presented a report to a client. The report indicates the duration of each security in the portfolio. One of the securities has a maturity of 15 years but a duration of 25. The client believes that there is an error in the report because he believes that the duration cannot be greater than the security’s maturity. What would be your response to this client?