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A life insurance company expects to pay the beneficiary of a policy $ 3 , 0 0 0 , 0 0 0 in 1 5

A life insurance company expects to pay the beneficiary of a policy $3,000,000 in 15
years from today. Suppose the manager of the insurance company wants to immunize
her firm against interest rate risk and has two assets available as investments. The
assets' information is below:
How many of Bond A should the insurance company purchase to immunize against
interest rate risk?
694 bonds
345 bonds
714 bonds
144 bonds
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