Question: The Excel file Portfolio Bond Weight Calculation Data contains information about three bonds. Coupons are paid annually. Use matrix algebra and this data to construct

The Excel file Portfolio Bond Weight Calculation Data contains information about three bonds. Coupons are paid annually. Use matrix algebra and this data to construct a portfolio consisting of Bond 1, Bond 2, and Bond 3 that has a duration of 10.50 years, subject to the condition that the proportion invested in Bond 2 is 40% larger than the proportion invested in Bond 3.

Yield to maturity (Expected/Current)	9%
Number of Years to Future Liability	10.50
Future Liability	$20,000.00


	Bond 1	Bond 2	Bond 3
Coupon rate	5.00%	6.000%	8.00%
Maturity (Years)	12	25	28
Face value	1,000	1,000	1,000

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