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| rev | Admin | (Created page with "As of 12/31/2013, an insurance company has a known obligation to pay 1,000,000 on 12/31/2017. To fund this liability, the company immediately purchases 4-year 5% annual coupon bonds totaling 822,703 of par value. The company anticipates reinvestment interest rates to remain constant at 5% through 12/31/2017. The maturity value of the bond equals the par value. Consider two reinvestment interest rate movement scenarios effective 1/1/2014. Scenario A has interest rates dr...") | Nov 20'23 at 17:41 | +989 |