Chartered Financial Analyst Level 1
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A portfolio manager holds the following three option-free bonds:
Bond Par Value Owned Market Value Owned Duration 1 $8 million$12 million3 2 $8 million$6 million7 3 $4 million$6 million6
The portfolio's duration is closest to:
A portfolio manager holds the following three option-free bonds:
| Bond | Par Value Owned | Market Value Owned | Duration |
|---|---|---|---|
| 1 | $8 million | $12 million | 3 |
| 2 | $8 million | $6 million | 7 |
| 3 | $4 million | $6 million | 6 |
The portfolio's duration is closest to:
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