Modified duration of the portfolio

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An investor has a portfolio that contains a fourth-year bond of 3000 value, and has a modified duration of 3.6, also has another 5-year bond with a value of 6000, and has a modified "X" duration. And finally another bonus of 7000, to six years, with a modified duration of 5.8. If the modified duration of the portfolio is 5, CALCULATE "X".

Reference no: EM131568018

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