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QUESTION 2 Chris Renburg owns the following portfolio of option free bonds: Par value Full price Duration $3,000,000 $2,400,000 4.625 $3,500,000 $3,600,000 7.322 $1.500,000 $1.200.000

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QUESTION 2 Chris Renburg owns the following portfolio of option free bonds: Par value Full price Duration $3,000,000 $2,400,000 4.625 $3,500,000 $3,600,000 7.322 $1.500,000 $1.200.000 9.300 $8,000,000 $7,200,000 The duration of Renburg's bond portfolio is closest to: A) 6.6. B) 6.8. C) 7.0. Ooo

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