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Suppose you own a portfolio of three different bonds with the following information: Bond Market Value Duration A $2.3 million 2 years B $3.5 million

Suppose you own a portfolio of three different bonds with the following information:

Bond Market Value Duration

A $2.3 million 2 years

B $3.5 million 1.5 years

C $2.5 million 5 years

What is the duration (in years) of the bond portfolio?

Express your answers in two decimal places.

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