del The current market values and current market rates at the end of Years 1, 2, and 3 are as follows: End of Year 1 2 3 Market Value ($ millions) $340.9 405.5 395.2 Market Yield 10% 8 12 Required Floor Portfolio ($ millions) Margin of Error ($ millions) Assuming semiannual compounding: a. Calculate the required ending-wealth value for this portfolio. b. Calculate the value of the required floor portfolios at the end of Years 1, 2, and 3. c. Compute the margin of error at the end of Years 1, 2, and 3. d. Indicate the action that a portfolio manager utilizing a contingent immunization policy would take if the margin of error at the end of any year had been zero or negative.

The current market values and current market rates at the end of Years 1,2 , and 3 are as follows: Assuming semiannual compounding: a. Calculate the required ending-wealth value for this portfolio. b. Calculate the value of the required floor portfolios at the end of Years 1,2 , and 3 . c. Compute the margin of error at the end of Years 1,2 , and 3. d. Indicate the action that a portfolio manager utilizing a contingent immunization policy would take if the margin of error at the end of any year had been zero or negative