Question 1 Mark Company XYZ has a liability of $6,000 that is due in 3 years. The company could invest in zero-coupon bonds to be immunized against the liability from future large interest rate changes. Bond X is a 1-year zero coupon and Bond Y is a 5-year zero coupon bond. Company XYZ plans to invest in Bond X and Bond Y. What is the face amount of Bond Y that company XYZ should purchase assuming an effective interest rate of 5%? A 2,590 B 2,985 c 3.100 D 3,205 3,310