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A firm has an expected liability due in 6 years of 3 4 7 million dollars. The company's portfolio manager observes that in the current

A firm has an expected liability due in 6 years of 347 million dollars. The company's portfolio manager observes that in the current market conditions, the company can immunize this liability with a portfolio generating 4.6% rate of return, on a bond equivalent basis with semiannual compounding.
If the company can currently commit $294 million to support this liability, what is the dollar safety margin?
Enter answer in millions.

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