Question
A fixed-income portfolio manager sets a minimum acceptable rate of return on the bond portfolio at 5.5% per year over the next 3 years. The
| A fixed-income portfolio manager sets a minimum acceptable rate of return on the bond portfolio at 5.5% per year over the next 3 years. The portfolio is currently worth $10 million. One year later interest rates are at 6.5%. What is the portfolio value trigger point at this time that would require the manager to immunize the portfolio? |
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Stocks Bonds And Taxes A Comprehensive Handbook And Investment Guide For Everybody
Authors: Phillip B. Chute
1st Edition
1732885532, 978-1732885530
