8. A company has liability payments due at the end of the next 4 years as follows: Year Liability Cash Flow 1 78 2 198 3 66 4 616 There are two bonds (both redeemable at par) that the company can invest in: Bond A: 2-year bond with annual coupons at a rate of 10% yielding 9% annual effective. Bond B: 4-year bond with annual coupons at a rate of 12% yielding 10% annual effective. b) What is the cost to match the liabilities exactly? 8. A company has liability payments due at the end of the next 4 years as follows: Year Liability Cash Flow 1 78 2 198 3 66 4 616 There are two bonds (both redeemable at par) that the company can invest in: Bond A: 2-year bond with annual coupons at a rate of 10% yielding 9% annual effective. Bond B: 4-year bond with annual coupons at a rate of 12% yielding 10% annual effective. b) What is the cost to match the liabilities exactly