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Bonus Problem 2 (Optional, 30 marks) A company is facing n liabilities to be repaid at times tj ty,..., n (where ti 1, show that

Bonus Problem 2 (Optional, 30 marks) A company is facing n liabilities to be repaid at times tj ty,..., n (where ti 1, show that the portfolio may not achieve the full immunization by providing a counter-example. Provide full justification to your

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