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Bond Coupon Maturity (Years) Yield to Maturity A 3,21% 8 13,64% B 6,8% 7 14,28% C 6% 1 13,57% You own each of the three

Bond	Coupon	Maturity (Years)	Yield to Maturity
A	3,21%	8	13,64%
B	6,8%	7	14,28%
C	6%	1	13,57%

You own each of the three government bonds. Reinvestment rate of each bond = 85% of current yield to maturity. Face value of bond = $100.

Macaulay Duration of this portfolio is closest to: A) 5.19 years B) 5.42 years C) 3.82 years D) 5.09 years E) 6.11 years

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