108. 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:
A. 5.40.
B. 6.18.
C. 7.48.
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