for (ii) it says the conditions for Redington immunization.

A company owes 500 and 1000 to be paid in 2 years and 6 years from now, respectively. The company will set up an investment program to match the present value and the Macaulay duration of the above obligation using an annual effective interest rate of 8%. The investment program produces asset cash flows of X in 3 years and Y in 5 years. (i) Calculate X and Y. (ii) Determine whether the investment program satisfies the conditions for Redi immunization. Justify your answer. A company owes 500 and 1000 to be paid in 2 years and 6 years from now, respectively. The company will set up an investment program to match the present value and the Macaulay duration of the above obligation using an annual effective interest rate of 8%. The investment program produces asset cash flows of X in 3 years and Y in 5 years. (i) Calculate X and Y. (ii) Determine whether the investment program satisfies the conditions for Redi immunization. Justify your