Propose a portfolio of bond fully securing following liabilities of company. Company due to planned renovation will have to pay following amounts: 5.000 PLN after a year, 7.500 PLN after 2 years, 1.000 PLN after 3 years and 17.000 PLN after 4 years. There are following bonds offered on the market: a. Zero-coupon 2-year bonds with nominal 200 PLN, b. 1-year bonds with nominal 300 PLN and interest 10%, c. 3-year bonds with nominal 150 PLN and interest 5% paid only in 2nd year of maturity period, d. 4-year bond with nominal 400 PLN and interest 20% paid only in even years of maturity period. It is assumed, that YTM for all bonds is fixed and equals 10%. [1 pt.] Results: 1Y bonds = 17 / 2Y bonds = 23 / 3Y bonds = 7 / 4Y bonds = 36