Question: (1 point) (Exam FM Sample Problem 127) A company owes 3900 and 1950 to be paid at the end of year 3 and year 6

 (1 point) (Exam FM Sample Problem 127) A company owes 3900

(1 point) (Exam FM Sample Problem 127) A company owes 3900 and 1950 to be paid at the end of year 3 and year 6 , respectively. The company will set up an investment program to match the duration and the present value of the above obligation using an annual effective interest rate of 11.5%. The investment program produces asset cash flows of X today and Y in 4 years. Calculate X and determine whether the investment program satisfies the conditions for Redington immunization. (a) X= (b) Does the investment have the Redington immunization

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