A liability consists of a series of 15 annual payments of 35,000 with the first payment to be made one year from now. The assets available to immunize this liability are five-year and ten-year zero coupon bonds. The annual effective interest rate used to value the assets and the liability is 6.2%. The liability has the same present value and duration as the asset portfolio. Calculate the dollar amount invested in the five-year zero-coupon bonds.
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Business, 22.06.2019 04:40
Select the correct answerwhat is the responsibility of each of the twelve federal reserve's banks in their districts? a.they set the prime rateob.they monitor functioning of banks in their through onsite and offsite reviewsc.they assess taxes in their destnictd.they write fiscal policies
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Business, 22.06.2019 17:30
Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?
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Business, 22.06.2019 20:30
When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?
Answers: 1
A liability consists of a series of 15 annual payments of 35,000 with the first payment to be made o...
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