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Franklin a well know economist is wanting to retire. He wants to have 1 million dollars in 10 years. Create a portfolio of 10 bonds

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Franklin a well know economist is wanting to retire. He wants to have 1 million dollars in 10 years. Create a portfolio of 10 bonds from different issuers that that will give him 1 million in 10 years. The issues must have a credit rating of B3 or better. Answer the following questions. 1. How much money must he put up or what is his cost? 2. What is the YTM of his portfolio? 3. What is the Modified Duration of his portfolio

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