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My pension plan will pay me $10,000 once a year for a 10 -year period. The first payment will come in exactly five years. The

image text in transcribed My pension plan will pay me $10,000 once a year for a 10 -year period. The first payment will come in exactly five years. The pension und wants to immunize its position. Required: What is the duration of its obligation to me? The current interest rate is 10% per year. If the plan uses 5-year and 20-year zero-coupon bonds to construct the immunized position, how much money ought to be placed in each bond? What will be the face value of the holdings in each zero? Complete this question by entering your answers in the tabs below. What is the duration of its obligation to me? The current interest rate is 10% per year. Note: Do not round intermediate calculations. Round your answer to 4 decimal places

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