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13. (a) State Redington's Conditions for Immunisation. (b) Calculate the convexity of the following assets using an interest rate of 8% (i) A 10-year zero

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13. (a) State Redington's Conditions for Immunisation. (b) Calculate the convexity of the following assets using an interest rate of 8% (i) A 10-year zero coupon bond. (ii) A level perpetuity payable annually in advance

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