Question: please answer question C, thank you! i will give thumbs up! b) Comment on Client l's comment above about the bank guaranteed contract. c) Comment/discuss
please answer question C, thank you! i will give thumbs up!

b) Comment on Client l's comment above about the bank guaranteed contract. c) Comment/discuss on client 2's comment about duration hedging and less dispersed payment on hedging outcomes. Client 2: The defined benefit pension plan for this client has an economic surplus of zero. In order to meet the liabilities for this plan, I will construct the portfolio duration to be equal that of the liabilities. In addition, I will have the portfolio payments be less dispersed in time than the liabilities
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