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Required: A pension plan is obligated to make disbursements of $ 1 . 9 million, $ 2 . 9 million, and $ 1 . 9
Required:
A pension plan is obligated to make disbursements of $ million, $ million, and $ million at the end of each the next
years, respectively. The annual interest rate is If the plan wants to fully fund and immunize its position, how much of its portfolio
should it allocate to oneyear zerocoupon bonds and perpetuities, respectively, if these are the only two assets funding the plan? D
not round intermediate calculations. Round your answers to decimal places.
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