Question
A bond investment is immunized against interest rate risk (subject to limitations) as long as the ______ of the bond _________ the investment horizon A.
A bond investment is immunized against interest rate risk (subject to limitations) as long as the ______ of the bond _________ the investment horizon
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A. maturity; equal to
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B. maturity; greater than or equal to
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C. duration; greater than or equal to
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D. duration; equal to
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
