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| rev | Admin | (Created page with "A company is required to pay 190,000 in 20.5 years. The company creates an investment portfolio using three bonds with annual coupons, so that its position is Redington immunized based on an annual effective interest rate of 7%. The table below shows the Macaulay duration for each of the bonds. {| class="table" ! !! Macaulay Duration |- | Bond A || 10 years |- | Bond B || 15 years |- | Bond C || 30 years |} The company invests twice as much money in Bond C as in Bond...") | Nov 20'23 at 18:29 | +662 |