Question
For an $1.45 million immunized portfolio, how many $1,000 TI bonds (current quote of 98.623) were bought to immunize (round up to the nearest whole
For an $1.45 million immunized portfolio, how many $1,000 TI bonds (current quote of 98.623) were bought to immunize (round up to the nearest whole number)? You calculate TI must comprise 44.278% of the portfolio.
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Lectures On Public Economics
Authors: Anthony B. Atkinson, Joseph E. Stiglitz
1st Edition
0691166412, 978-0691166414
