Question: You will be paying $ 1 5 0 0 in tuition at the end of each of the next three years, and the market interest

You will be paying $1500 in tuition at the end of each of the next three years, and the
market interest rate is 10%. What type of zero-coupon bond immunizes your obligation?
A) A zero coupon bond with a face value of $3730.28 and a maturity of 1.94 years
B) A zero coupon bond with a face value of $3730.28 and a maturity of 3 years
C) A zero coupon bond with a face value of $4487.90 and a maturity of 3 years
D) A zero coupon bond with a face value of $4487.90 and a maturity of 1.94 years

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