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( 1 6 pts . ) 3 . Your portfolio has four holdings with the following information: Bond 1 SHORT: Price $ 7 5 Duration

(16 pts.)3. Your portfolio has four holdings with the following information:
Bond 1 SHORT: Price $75 Duration 5.4 YTM =5.70%
Bond 2 LONG: Price $100 Duration 6.4 YTM =6.80%
Bond 3 SHORT: Price $120 Duration 15 YTM =9.10%
Cash LONG $30 Duration 0 YTM=0.20%
Calculate the duration of the portfolio and round to two decimal places. Note: You must first fill in the duration for cash.

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