Question: Please show full explanation 7. Bond A has a current price of $900 and a duration of 5.6 years. Bond B has a current price

Please show full explanation 7. Bond A has a current price

Please show full explanation

7. Bond A has a current price of $900 and a duration of 5.6 years. Bond B has a current price of $1,100 and a duration of 7.1 years. What is the duration of a portfolio that consists of (i) two units of Bond A and (ii) three units of Bond B

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