What is the duration of the portfolio of securities

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Question: What is the duration of the following portfolio of securities: A $45 million security with a duration of 5, $29 million security with a duration of 9, and a $60 million security with a duration of 12? Why? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131968921

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