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Suppose you have a portfolio of three 20-year bonds with coupon rates of 3%, 5%, and 8%. The current YTM is 4%. What is the

Suppose you have a portfolio of three 20-year bonds with coupon rates of 3%, 5%, and 8%. The current YTM is 4%. What is the duration of the portfolio?

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SOLUTION To calculate the duration of a portfolio of bonds we need to first calculate the individual ... blur-text-image

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