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| rev | Admin | (Created page with "An insurance company has a single liability due in three years. The company fully immunizes its position by purchasing one-year and four-year zero-coupon bonds. The face value of the one- year bond is 20,000 and the face value of the four-year bond is 50,000. Assume that the yield curve is flat. <ul class="mw-excansopts"><li>40,000</li><li>55,699</li><li>69,624</li><li>73,333</li><li>97,500</li></ul> Calculate the amount of the liability. {{soacopyright | 2023 }}") | Nov 20'23 at 18:33 | +470 |