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| rev | Admin | (Created page with "'''Solution: B''' The present value of the assets is 15,000 + 45,000 = 60,000 which is also the present value of the liability. The modified duration of the assets is the weighted average, or 0.25(1.80) + 0.75Dmod. The modified duration of the liability is 3/1.1 and so Dmod = (3/1.1 – 0.45)/0.75 = 3.04. {{soacopyright | 2023 }}") | Nov 20'23 at 21:10 | +333 |