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A firm has an expected liability due in 6 years of 3 2 0 million dollars. The company's portfolio manager observes that in the current
A firm has an expected liability due in years of million dollars. The company's portfolio manager observes that in the current market conditions, the company can immunize this liability with a portfolio generating rate of return, on a bond equivalent basis with semiannual compounding.
If the company can currently commit $ million to support this liability, what is the dollar safety margin?
Enter answer in millions.
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