Th e most appropriate description of the strategy that Haley suggests in his Statement #3 is to

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Th e most appropriate description of the strategy that Haley suggests in his Statement #3 is to create a portfolio that:

A . has cash fl ows concentrated around the horizon date.

B . is duration matched but uses cash fl ow matching in the later years of the liability schedule.

C . is duration matched but uses cash fl ow matching in the initial years of the liability schedule.

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Fixed Income Analysis

ISBN: 9788126563128

3rd Edition

Authors: Barbara S. Petitt, Jerald E. Pinto, Wendy L. Pirie, Bob Kopprasch

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