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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

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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 pension fund wants to immunize its position. Required: a. What is the duration of its obligation to me? The current interest rate is 10% per year. b. 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? c. What will be the face value of the holdings in each zero

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