22. Company FM2 anticipates making claims on the following dates: Date Claim 1/1/2015 50,000 1/1/2017 70,000 FM2 expects to receive premiums on the following dates: Date Premiums 1/1/2012 30,000 1/1/2013 32,000 1/1/2014 When FM2 receives the premiums, they immediately invest in zero coupon bonds using the strategy of exact cash flow matching The shorter duration claim is first priority. Spot rates (in %) are provided that are based upon length of investment period and the calendar year of investment. Calendar Year of Original Investment 2012 2013 4.25 4.95 4.45 4.80 5.05 2014 4.50 4.85 5.15 Calculate X so that FM2 will be able to exactly pay all of the claims. A 6,000 B 36,000 C 41,000 42,000 60,000