Question
discuss how interest rate futures can be used to immunize a portfolio from interest rate risk. Explain how a portfolio manager would use futures contracts
discuss how interest rate futures can be used to immunize a portfolio from interest rate risk. Explain how a portfolio manager would use futures contracts to shorten the duration of a bond portfolio. Explain why a portfolio manager might rather use futures contracts instead of trading actual bonds in the spot market.
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
