A manager has a liability of $100 million to be paid in 3 years. The manager wants to hedge this liability by buying two bonds. The manager has chosen a portfolio weight of x1 = 0.45 for Bond #1, and a portfolio weight of x2 = 0.55 for Bond #2. Bond #1 has a price of 101.77, and Bond #2 has a price of 93.77. (The prices are cash prices, in decimal form, and coupons are paid semi-annually; the face value for each bond is $100,000.) The yield curve is flat with y = 10% per annum (compounded semiannually) for all maturities. Find ny, the number of Bond #1 purchased in order to hedge the liability. a. None of the other answers is correct. O b. 442 O c. 332 O d. 330 e. 329957