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A firm has liabilities of $A in 5 years and $B in 10 years and an asset that pays $700 at the end of the

A firm has liabilities of $A in 5 years and $B in 10 years and an asset that pays $700 at the end of the year for each of the next 15 years. The portfolio is Redington immunized based on an annual effective interest rate of 6.2%. Find B.

(A) 2540

(B) 3356

(D) 4634

(E) 5635

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