You have created a four bond portfolio with a duration of 6.0729. The particulars of these...

You have created a four bond portfolio with a duration of 6.0729. The particulars of these bonds are given in the table below. What is the duration of the 7% 5-year bonds?

Bond	Price	Yield	Par Value	Duration
9% 5yr	108.1109	8%	45,000	3.254
7% 5yr	96.436	9%	32,000
9% 10yr	82.7951	12%	67,000	5.875
7% 15yr	120.9303	5%	58,000	9.745

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