A portfolio consists of three bonds as follows. amount invested...
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Accounting
A portfolio consists of three bonds as follows.
| amount invested | bond duration | |
| Bond X | $ 5,000 | 8.6 years |
| Bond Y | $ 4,000 | 4.2 years |
| Bond Z | $ 1,000 | 11.4 years |
What is the duration of the bond portfolio?
A) 7.12 years
B) 8.07 years
C) 8.69 years
D) 11.4 years
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