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Faiz has just taken over a new management for Company RXZ. He and his new team discovered that the company has liabilities of RM 15

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Faiz has just taken over a new management for Company RXZ. He and his new team discovered that the company has liabilities of RM 15 million due in 13 years time and RM 10 million due in 25 years time. The assets for the company consists of two-zero coupon bonds, with one paying RM 12.425 million in 12 years time and the other paying RM 12.946 million in 24 years time. The effective rate of interest is 8% per annum. i) Show whether Company RXZ is abled to be immunized against small changes in the rate of interest under the conditions of Redington's Immunization. ii) Does this company satisfy all the conditions

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