What is the duration

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Reference no: EM131201604

Suppose you own a portfolio of three different bonds with the following information:

Bond Market Value Duration

A $2.3 million 2 years

B $3.5 million 1.5 years

C $2.5 million 5 years

What is the duration (in years) of the bond portfolio?

Express your answers in two decimal places.

Reference no: EM131201604

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