23. Kofi is saving for her sons college education. His son is expected to start college in 8 years. Which bond portfolio would likely be immunized with respect to this goal?

a. Weighted average time to maturity of bonds is 5 years with coupon of 6%

b. Weighted average time to maturity of bond is 10 years with coupon of 0%

c. Weighted average time to maturity is 8 years with coupon of 3%

d. Weighted average time to maturity of bond is 10 years with coupon of 5% 24.

Which of the following bonds would you recommend if the investors time horizon is 10 years?

a. ABC Bond: AAA rated, 5% coupon, 12-year maturity, duration 8.15 years

b. DEF bond: AAA rated, 4% coupon, 10-year maturity, duration 9.50 years

c. JKL Bond: AAA rated, 4.5% coupon, 15-year maturity, duration 9.25 years

d. XYZ Bond: AAA rated, 5% coupon, 15-year maturity, duration 9.35 years