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4. A company has an obligation to pay 100,000 in 5 years. The company invests the present value of the obligation in a 3-year and

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4. A company has an obligation to pay 100,000 in 5 years. The company invests the present value of the obligation in a 3-year and a 10-year zero coupon bond to immunize its position. Assets and liabilities are valued at an effective rate of 7%. Calculate the amount invested in the 3-year bond

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