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A court has ordered Security Enterprises to pay $ 3 0 0 , 0 0 0 in two years and $ 9 0 0 ,

A court has ordered Security Enterprises to pay $300,000 in two years and $900,000 in five years. In order to meet this important liability, they wish to invest in a combination of two-year 10% par-value bonds with annual coupons and five-year zero-coupon bonds. Each of these is sold to yield an annual effective yield of 5%. How much of each type of bond should be purchased so that the present value and duration conditions of Redington immunization are satisfied at the current 5% rate? (Let P2 and P5 denote the prices of the two-year bond and of the five-year bond, respectively. Round your answers to the nearest cent.)

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