Calculate the duration of the portfolio

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Your portfolio has four holdings with the following information: 

Bond 1 SHORT:         Price  $85                    Duration          5.4       YTM = 4.70%

Bond 2 LONG:           Price $200                   Duration          6.4       YTM = 5.80%

Bond 3 SHORT:         Price $220                   Duration          15        YTM = 8.10%

Cash     LONG                        $50                  Duration           ??       YTM=  0.10%

Calculate the duration of the portfolio and round to two decimal places. Note: You must first fill in the duration for cash. 

Reference no: EM133114094

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