Calculate the macaulay convexity of portfolio at inception

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A $60,000 portfolio is constructed with $10,000 used to buy 2-year zero coupon bonds, $20,000 used to buy 5-year zero coupon bonds, and $30,000 used to buy 10-year zero coupon bonds. The yield rates on the bonds are unknown. Calculate the Macaulay convexity of the portfolio at inception. 

Reference no: EM131337964

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