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Western Investments holds a fixed-income portfolio comprised of four bonds whose market values and durations are given in the following table.(Click on the icon located

Western Investments holds a fixed-income portfolio comprised of four bonds whose market values and durations are given in the following table.(Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)

Bond A

Bond B

Bond C

Bond D

Market Value

$200,000

$300,000

$250,000

$550,000

Duration

4

6

7

8

The portfolio's duration is closest to:

(Select the best answer below.)

A.

6.06

B.

6.73

C.

6.25

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