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| rev | Admin | (Created page with "'''Solution: B''' Use the full immunization equations and let <math>N</math> be the maturity value of the asset maturing in <math>n</math> years. <math display="block"> \begin{aligned} & 242,180(1.07)^7+N(1.07)^{-(n-12)}-1,750,000=0 \\ & 242,180(7)(1.07)^7-N(n-12)(1.07)^{-(n-12)}=0 \end{aligned} </math> From the first equation: <math display="block"> N(1.07)^{-(n-12)}=1,750,000-242,180(1.07)^7=1,361,112 \text {. } </math> Substituting this in the second equation:...") | Nov 20'23 at 22:38 | +578 |