Given two bonds with duration of 7.3 and 2.2 years, you are asked to split investment funds between them so that the resulting portfolio will have a…

Given two bonds with duration of 7.3 and 2.2 years, you are asked to split investmentfunds between them so that the resulting portfolio will have a duration of of five years.Assume that you have $1,000,000 to invest. How much would you commit to each bond?

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