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Company A is obligated to make ten annual payments of $6000. The annual effective interest rates...

Company A is obligated to make ten annual payments of $6000. The annual effective interest rates today are 7%. To provide for this obligation, company A decides to buy a 5-year zero-coupon bond and a 12-year zero-coupon bond both having face amounts equal to 50% of company A’s liabilities. Does this result in a portfolio satisfying Redington immunization conditions?

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