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A fund manager is managing a bond portfolio against her client's liabilities. The liability has a duration of 5 years and a market value of
A fund manager is managing a bond portfolio against her client's liabilities. The liability has a duration of 5 years and a market value of $200,000. The fund manager can immunize this liability using...
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
15th edition
1259404781, 007802563X, 978-1259404788, 9780078025631, 978-0077522940
