A pension fund is obligated to pat out $100,000 per year in perpetuity. When the relevant interest rate is 10%, what sho
Posted: Thu May 19, 2022 7:08 am
A pension fund is obligated to pat out $100,000 per year in perpetuity. When the relevant interest rate is 10%, what should be the maturity and face value of the zero-coupon bond the fund manager purchases to immunize its obligation?