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Question 12 A full immunization strategy is used for a liability of 10,000 at time 5, which uses a payment of 5,500 at time 4

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Question 12 A full immunization strategy is used for a liability of 10,000 at time 5, which uses a payment of 5,500 at time 4 and 4,505.73 at time 5+ b, at a yield rate of 3%. Note: 3 of the 4 unknowns have been provided to simplify the system of equation for you to solve. Find B. How can you prove this meets the conditions of full immunization? b: Conditions for full immunization

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