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1.Explain the P/E effect(anomaly) by Basu. 2.Yield spreads increase during the recession. True/ False. Why? 3. Why previously bullet- immunized bond portfolios should be rebalanced?
1.Explain the P/E effect(anomaly) by Basu.
2."Yield spreads increase during the recession". True/ False. Why?
3. Why previously bullet- immunized bond portfolios should be rebalanced?
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