Question
A manager of a $40 million dollar fixed-income portfolio with a duration of 4 wants to increase the duration to 7. The manager chooses a
A manager of a $40 million dollar fixed-income portfolio with a duration of 4 wants to increase the duration to 7. The manager chooses a swap with a semiannual reset period on the floating leg and a duration of 5 on the fixed leg. The manager should become a:
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Operations and Supply Chain Management The Core
Authors: F. Robert Jacobs, Richard Chase
4th edition
978-1259549724, 1259549720, 1259696596, 978-1259696596
