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Required: A pension plan is obligated to make disbursements of $2.7 million, $3.7 ...

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Accounting

Required:
A pension plan is obligated to make disbursements of $2.7 million, $3.7
million, and $2.7 million at the end of each of the next three years,
respectively. The annual interest rate is 10%. If the plan wants to fully fund
and immunize its position, how much of its portfolio should it allocate to
one-year zero-coupon bonds and perpetuities, respectively, if these are the
only two assets funding the plan? (Do not round intermediate
calculations. Round your answers to 2 decimal places.)
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