Question: Please wirte in detail how to get the correct answer You Answered Correct Answers Consider a portfolio consisting of $10,000 in cash and a 10-year

Please wirte in detail how to get the correct answer

You Answered Correct Answers Consider a portfolio consisting of $10,000 in cash and a 10-year $5,000 zero-coupon bond trading to yield 5%. Assuming annual compounding, find the portfolio's duration. Express your answer in years with 3 digits after the decimal point. 9.523 2.349 (with margin: 0.1)

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