Question
Western investment holds a fixed-income portfolio comprised of four bounds whose market value and durations are given in the following table Bond A Bond B
Western investment holds a fixed-income portfolio comprised of four bounds whose market value and durations are given in the following table
| Bond A | Bond B | Bond C | Bond D | |
| Market Value | $200,000 | $300,000 | $350,000 | $550,000 |
| Duration | 4 | 6 | 7 | 8 |
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The portfolio duration is close to: 6.73 6.06 6.25 |
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Introduction To Institutions Management And Investments
Authors: Herbert Mayo
10th International Edition
1111820643, 9781111820640
