Question: Moving to another question will save this response. Question 8 of 10 estion 8 5 pointsSave Answer Your firm must pay $1 million at the
Moving to another question will save this response. Question 8 of 10 estion 8 5 pointsSave Answer Your firm must pay $1 million at the end of each of the next 3 years. It chooses to fund this obligation in an immunized way by purchasing 1,000 1-year bonds with a face value of $1,000 each, and similarly purchasing 1,000 2-year bonds (face value $1,000 each), and 1,000 3-year bonds (face value $1,000 each). The terminology in the notes for this approach is a: a. Zero-coupon structured approach b. Focused-maturity-based approach O c. Dedicated cash flow matching approach O d. None of the above Moving to another question will save this response. KQuestion 8 of 10
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