One possible way to do this would be for the insurer to buy a 25-year maturity zerocoupon

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One possible way to do this would be for the insurer to buy a 25-year maturity zerocoupon Treasury bond that has an annual discount yield of 5 percent.

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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