1. I have invested shillings 30million and my wish is to accept 11% rate of returnover a 5 year period when there is a possibility of immunized rate of return of 14%. I can use this safety cushion for active portfolio management; (a) If I invest the shillings 30million in a 15 year, 14% coupon bond selling at par and after 2 years the market yield dropped by 2%: (i) Compute for me the value of my portfolio at the end of year 2. (ii) Calculate my required investment after the drop in market yield. (iii) Determine the amount of the safety cushion I have. (b) If in (a) above the market yield increases by 2%, advice me on the success of this active portfolio management strategy and whether I should continue with this strategy