Question:Your insurance company holds assets in the form of only one
bond: A 5-year, 8% bonds...
Question
Your insurance company holds assets in the form of only one
bond: A 5-year, 8% bonds...
Your insurance company holds assets in the form of only one
bond: A 5-year, 8% bonds with a current price of $975. You must pay
out must pay out $13 million in 4.30 years. How many bonds do you
need to hold to be properly funded?