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A pension fund has an average duration of its liabilities equal to 1 5 years. The fund is looking at 5 - year maturity zero
A pension fund has an average duration of its liabilities equal to years. The fund is looking at year maturity zerocoupon bonds and yield perpetuities to immunize its interest rate risk. Construct its portfolio to immunize its interest rate risk if there are no other assets funding the plan.
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