Anthony Garcia is a Risk Manager in the investment division of a global corporation and is considering the purchase of Government bonds in his home country. Garcia decides to evaluat four strategies for implementing his investment in the govemment bonds. Table A below gives the details of the four strategies and Table B contains the assumptions that apply to all strategy options. Prior to choosing one of the four investment strategies, Garcia asks you, the Assistant Manager ofrhc investment portfolio, to analyZe how the market value of the bonds will chang: an instantaneous interest rate shift occurs immediately after the funds Emrn the portfolio are invested in the bonds. The details of the interest rate shi are given in Table C. Using supporti calculations write a brief report advising him which strategy he should undertake and why. Include in your report the current yield to maturity for each of the four bonds. Table A 10 Year Maturity 15 Year Maturity EDYear Maturity Modified Modified Modified Duration = Duration = Duration = Duration = 4.878 9.5432 14.3815 19.0475 1 20 Million 10 Million 10 Million 15 Million 5Mi|lion Strategy 5-Year Maturity Market Value of Bonds down 15 hp down 10 hp U I 25 I}