Posted by **Danielle** on Saturday, April 10, 2010 at 2:16pm.

You will be paying $11,000 a year in tuition expenses at the end of the next two years. Bonds currently yield 11%.

What maturity zero-coupon bond would immunize your obligation?

I found the duration, but am having trouble finding the face value.

Duration: 1.4739

Face Value: ?

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