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Following are the details of the bonds in a portfolio. Bond A Bond B Bond C Market value $100,000 $300,000 $500,000 Macaulay duration 4 6
Following are the details of the bonds in a portfolio.
Bond A Bond B Bond C
Market value $100,000 $300,000 $500,000
Macaulay duration 4 6 8
YTM 1 2 3
The portfolio modified duration is closest to:
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