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LOOK AT 2 PHOTOS c. Suppose that the portfolio manager is managing the assets of a life insurance company that has issued a 5- year

LOOK AT 2 PHOTOS

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c. Suppose that the portfolio manager is managing the assets of a life insurance company that has issued a 5- year guaranteed investment contract {GIG}. The interest rate that the life insurance company:' has agrmd to payr is 9% en a semiannual basis. Which of the Mo bonds should the portfolio manager purchase to ensure that the GIG payments will be satised and that a prot will be generated by the life insurance company

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