iona Corcoran is responsible for meeting distri butions for EEM Health and Life Insurance Com pany. An actuary, Robert Bjornsund, has forecasted that a specific policy will require $210,000 after ten years. Current interest rates are 8 percent, and RPM Restoration equipment trust certificates (i.e., collateralized bonds) are available for possible in vestment. Their terms are Bond A: zero percent coupon with maturity in 10 years Bond B: 8 percent coupon with maturity in 10 years, Bond C: 8 percent coupon with maturity in 18 years. Bjornsund, who has not been trained in invest- ments, is dubious that the three alternatives will meet the required cash in a timely fashion and asks several questions