QUESTIONS 97 THROUGH 108 RELATE TO FIXED INCOME INVESTMENTS

108. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON 2012
108. The table below provides information about a portfolio of three bonds. Bond Maturity Price Par Amount Duration 1 17-year $109.2461 $16 million 8.56 2 20-year $100.4732 $4 million 9.19 3 25-year $84.6427 $8 million 11.48 Based on this information, the duration of the portfolio is closest to: A. 9.35. B. 9.48. C. 9.74.