An absolute matching strategy is employed for the following cash flows:

Time	Cash Flow
1	12,000
2	11,600
3	11,200
4	10,800
5	10,400

There are available bonds at each term from 1 to 5 with year-end coupons of 4 and redemption value of 100. Which portfolio matches these cash flow?

A.	100 of term 1, 100 of term 2, 100 of term 3, 100 of term 4 and 100 of term 5

B.	103.40 of term 1, 103.54 of term 2, 103.69 of term 3, 103.84 of term 4 and 104.00 of term 5

C.	1115.38 of term 1, 111.54 of term 2, 107.69 of term 3, 103.85 of term 4 and 100.00 of term 5

D.	120.00 of term 1, 116.00 of term 2, 112.00 of term 3, 108.00 of term 4 and 104 of term 5