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U have a bond with 10 years duration and MV of 5,000,000. You have another bond with 3,000,000 on MV and duration of 6 years.

U have a bond with 10 years duration and MV of 5,000,000. You have another bond with 3,000,000 on MV and duration of 6 years. what is the total portfolio duration?

8.5

9.5

7.9

NONE OF THE ABOVE

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