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Bonus Problem 1 (Optional, 20 marks) A company is facing n liabilities to be repaid at times t1,t2,,tn (where t1 1, show that the portfolio

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Bonus Problem 1 (Optional, 20 marks) A company is facing n liabilities to be repaid at times t1,t2,,tn (where t11, show that the portfolio may not achieve the full immunization and will suffer from interest rate risk by providing a counter-example. Provide full justification to your

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