Question: Your client has just made a $50,000 deposit into a 4-year GICearning4% per year.All of the earnings on the GIC are paid at maturity(there are

Your client has just made a $50,000 deposit into a 4-year GICearning4% per year.All of the earnings on the GIC are paid at maturity(there are no cash flows between the time of the deposit and the maturity date).You want toimmunize your portfolio toensure that you will have enough money to meet your obligation. Your investment options are a 3-year zero coupon bond and a 6-year bond paying 4% annual coupons. Both bonds have 4% yield to maturity.How much do you need to invest ineachbond toimmunize your portfolio to ensure youmeet your obligation?

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