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U have a bond with MV of 10,000,000 and duration of 3 years U short a bond of MV 2,000,000 and duration 4 years what

U have a bond with MV of 10,000,000 and duration of 3 years

U short a bond of MV 2,000,000 and duration 4 years

what is the duration of the entire portfolio?

		2.75
		3.0
		3.2
		NONE OF THE ABOVE

please explain and show work

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