Question: please show all work. thanks so much. You will be paying $15,000 in tuition expenses at the ond of the noxt three yoars. Bonds currently
You will be paying $15,000 in tuition expenses at the ond of the noxt three yoars. Bonds currently yleld 6%. What is the present value and duration of your obligation? What maturity zero-coupon bond would immunize your obligation? Show all your work and explain
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