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You own two bonds that both have R1000 face values. Bond A has a coupon rate of 7%, 3 years to maturity and a yield

You own two bonds that both have R1000 face values. Bond A has a coupon rate of 7%, 3 years to maturity and a yield to maturity of 10%. Bond B has a coupon rate of 8%, 7 years to maturity and a yield to maturity of 9%. Calculate the duration of your bond portfolio (Bond A and B combined).

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