Question: T two-year note F five-year note S seven-year note Z zero-coupon bond P perpetuity M money market instrument bond T F S Z P M

T two-year note F five-year note S seven-year note Z zero-coupon bond P perpetuity M money market instrument bond T F S Z P M maturity, yrs 2 5 7 5 3 months price 100 99.5 99 duration 1.9 4.0 5.7 yield, % 2.5 3 3.3 3.1 3.9 2 All securities above have face value 100. The durations above are not Modified. 1. A portfolio consists of 10 T and 5 F. What's the portfolio's Modified Duration?

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