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Suppose you have liabilities with present value $8 million and duration 16 years. You can...

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Suppose you have liabilities with present value $8 million and duration 16 years. You can invest in two zero coupon bonds of maturities 5 and 29 years respectively. These bonds both yield 4% (compounded semiannually as usual). What is the amount of face value of the 29 year zero coupon bond that you should buy? (to nearest $0.01) (Don't forget the million.) (FYI - In real life, T-note face values come in increments of $100 rather than $0.01.)

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