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: | Chartered Financial Analyst Level 1 Quiz - LeetQuiz