Safelife insurance company has 85 million in assets 80


Safelife insurance company has $85 million in assets, $80 million in liabilities, and $5million in shareholders' equity. The duration of liabilities is 3. If Safelife wants to immunize its net worth against interest rate risk (i.e. set the duration of equity equal to zero), what should be the average duration of it's assets?

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Financial Management: Safelife insurance company has 85 million in assets 80
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