Question A company has the following liabilities: It has to make two payments to a customer. The first payment X is in one year and the second payment Y is in 8 years. To pay for these liabilitities, the company purchased a 7-year zero coupon bond that will mature for $11000 in order to satisfy the first two conditions of Redington immunization at the effective annual interest rate is 3%. Determine the difference |X Y. Possible Answers A 6,291 B 6,990 7,421 D 7,892 E 8,395