Maturity Portfolio weight PV of bonds Bond price No.

of bonds Year 15 FV
with y= with y= (millions) with y=
0.06 0.06 0.06
LIABILITIES 15 41.7265061 41.726506074 1 100

ASSETS
1 0.5172413793 21.5826756 94.339622642 0.228776361 51.724137931
30 0.4827586207 20.1438305 17.411013091 1.156959128 48.275862069
TOTAL ASSETS 1 41.7265061 100
Bond price PV of bonds Year 15 FV
with y= with y= with y=
0.07 0.07 0.07
36.244602 36.244602 100

93.4579439 21.3809683 58.9907659

13.1367117 15.1986385 41.9335231
36.5796068 100.924289