Intro As corporate treasurer, you have to pay $29 million in one year and again in two years. Bonds of all maturities currently yield 9%. Part 1 What is the duration of the liability? 2+ decima Submit Part 2 Attempt 1/10 for 10 pts. Attempt 1/10 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+ decima Submit Part 3 Attempt 1/10 for 10 pts. If interest rates suddenly go up to 10%, 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+ decima Submit Part 4 Attempt 1/10 for 10 pts. If interest rates suddenly go down to 8%, 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+ decima Submit