Consider the following portfolio of assets and liabilities. The time, t

$,$ is measured in years.

Assets: A payment of $7,766\mathrm{.}99$

t$=1$

$=1$ and a payment of $1,266\mathrm{.}77$ at

t$=10$

$=10.$

Liabilities: A payment of $9,000$ at

t$=2$

$=2.$

The interest rate is $3\%$ p$.$a$.$

Calculate the present value of the

Assets: $$

Liabilities: $$

Enter an answer correct to $2$ decimal places

Calculate the effective duration of the

Assets:

Liabilities:

Enter an answer correct to $2$ decimal places

Calculate the convexity of the

Assets:

Liabilities:

Enter an answer correct to $2$ decimal places

Does the portfolio of assets and liabilities satisfy the conditions for Redington's immunisation?

Yes

No