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A pension plan is obligated to make disbursements of $ 1 million, $ 2 million, and $ 1 million at the end of the next
A pension plan is obligated to make disbursements of $million, $million, and $million at the end of the next years. The plan wants to immunize its position. How much should it allocate to year zero coupon bond and year zerocoupon bond? Interest rate
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