An investor gathers the following information about a bond portfolio comprised of two option-free bonds:
| Bond | Par Value | Market Value | Duration |
|------|-----------|--------------|----------|
| 1 | $100,000 | $120,000 | 5 |
| 2 | $200,000 | $180,000 | 4 |
The duration of the portfolio is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz
Chartered Financial Analyst Level 1
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An investor gathers the following information about a bond portfolio comprised of two option-free bonds: