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2. Juan bought these three bonds to create his own portfolio: Bond Duration (years) Price () 980 A 21.46 B 1015 12.35 C 1000 16.67

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2. Juan bought these three bonds to create his own portfolio: Bond Duration (years) Price () 980 A 21.46 B 1015 12.35 C 1000 16.67 Compute the portfolio's duration. a. 19.00 years b. 15.45 years C. 16.77 years d. 12.69 years e. No answer Characteristics Semi-annual coupons Maturity: 15 years Annual coupons

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