Intro As corporate treasurer, you have to pay $23 million in one year and again in two years. Bonds of all maturities currently yield 6%. | Attempt 1/2 for 10 pts. Part 1 What is the duration of the liability? 2+ decimals Submit Part 2 - Attempt 1/2 for 10 pts. If you buy zero-coupon bonds with a maturity equal to the duration calculated in the previous part, what should be their combined face value (in $)? 0+ decimals Submit Part 3 - Attempt 1/2 for 10 pts. If interest rates suddenly go up to 7%, what is your immediate funding surplus (positive number) or shortfall (negative number) (in $)? Use the exact duration, not the rounded one shown as solution to part 1. 0+ decimals