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No excel. Question 14.02 A portfolio consists of 3 bonds: Bond 1 has a duration of 8 , and its price is 100 . Bond

No excel.
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Question 14.02 A portfolio consists of 3 bonds: Bond 1 has a duration of 8 , and its price is 100 . Bond 2 has a duration of 13 , and it pays semiannual coupons at an anual rate of 6%. The price of Bond 2 is 75.50 . Bond 3 has a duration of 12 , and it matures in 20 years. The price of Bond 3 is 60,41 . Calculate the duration of the portfolio. A 10.6 B 11.0 C 11.5 D 12.7 E 12.9

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