A fixed income fund has a total investment of $100 million in Bond A, Bond B, and Bond C with the durations of 5.82, 3.20, and 2.10 years, respectively. Investment in Bond C is $30 million and the rest amount is invested in Bond A and B. Assume that the investment horizon is 4 years, when the payment is to be made to the client. In order to immunize the fixed income fund against the unanticipated changes in yield, what should be the investment in Bond A and Bond B?

Multiple Choice $30 Million each in Bond A and Bond B

$43.13 Million in Bond A and $26.87 Million in Bond B

$70 Million each in Bond A and Bond B

$43.13 Million in Bond B and $26.87 Million in Bond