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You invest equal dollar amount in two bonds. The first one is a 26-year coupon bond with a coupon rate of 16% (coupon paid semiannually)

You invest equal dollar amount in two bonds. The first one is a 26-year coupon bond with a coupon rate of 16% (coupon paid semiannually) and YTM of 11% (compounded semiannually). The second one is a perpetual bond with a coupon rate of 14% (coupon paid semiannually) and YTM of 10% (compounded semiannually). What is the duration of your portfolio (in years)?

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