Question
A bond portfolio manager holds three bonds in her portfolio. Bond 1 has a market value of $25,000,000 and a modified duration of 2, Bond
A bond portfolio manager holds three bonds in her portfolio. Bond 1 has a market value of $25,000,000 and a modified duration of 2, Bond 2 has a market value of $13,300,000 and a modified duration of 8.5, and Bond 3 has a market value of $32,343,000 and a modified duration of 13. What is the portfolios duration?
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
