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2 (c) Use the data in Table 2 below to calculate the duration of an investment portfolio containing Bond A and Bond B. (9 Marks)

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2 (c) Use the data in Table 2 below to calculate the duration of an investment portfolio containing Bond A and Bond B. (9 Marks) Table 2. Bond A Bond B | Ann. Coupon (%) | .. (%) 4% 9% Term (yrs) 5 5 | weight of Bond in Portfolio (%) 6% 9% 50% 50%

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