Consider the following bonds with their corresponding market values and durations:

1.      Consider the following bonds with their corresponding market values and durations: Bond                               Market Value                      Duration

A                                          $2 million                             6.4

B                                           $3 million                             8.4

C                                           $5 million                             4.4

A portfolio invested in all three bonds will have a duration equal to:

A)   5.66

B)   6.00

C)   6.4

D)   7.22