Question: Question B8 You will be paying $5,000 a year in tuition expenses at the end of each of the next two years. All bonds currently

Question B8 You will be paying $5,000 a year in tuition expenses at the end of each of the next two years. All bonds currently yield 3.8% pa (flat yield curve). a) What is the present value and duration of your obligation? b) What would be the face (future redemption) value of a zero-coupon bond that immunizes your obligation

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