A portfolio consists of four bonds with the following characteristics: | Bond | Market Value | Duration | |------|--------------|----------| | A | $1.2 million | 3.2 | | B | $3.4 million | 7.6 | | C | $2.9 million | 12.4 | | D | $1.6 million | 1.5 | The duration of the portfolio is closest to: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz