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* Suppose WESTERN Corp. must make a $ 5 0 million pension payment every year for the next 5 years. WESTERN decides to immunize the

*Suppose WESTERN Corp. must make a $50 million pension payment every year for the next 5 years. WESTERN decides to immunize the payment with investments in 2 year and 5-year zeros.The interest rate is 4%. If each bond in the market has a face value of $10,000, how many 5-year bonds will they purchase?
A) approximately 8900
B) approximately 8317
C) approximately 1200
D) approximately 6727

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