A bond investor's portfolio consists of the following 3 bonds: ABC First Mortgage bond, current market value of $4 million with a duration of 5 years. DEF Debenture, current market value of $5 million with a duration of 8 years. U. S. Treasury bond, current market value of $1 million with a duration of 10 years. What is the average duration of the portfolio
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A bond investor's portfolio consists of the following 3 bonds: ABC First Mortgage bond, current mark...
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