Kevin has just taken over a new management for Company Kodak. He and his new team discovered that the company has liabilities of $15 million due in 13 years time and $10 million due in 25 years time. The assets for the company consists of two-zero coupon bonds, with one paying $12.425 million in 12 years time and the other paying $12.946 million in 24 years time. The effective rate of interest is 8% per annum.

i) Show whether Company Kodak is abled to be immunized against small changes in the rate of interest under the conditions of Redingtons Immunization.

ii) Does this company satisfy all the conditions?