Question
How bond immunization strategy can be achieved? a. purchase zero-coupon bonds with the bond's duration equal to its maturity b. purchase bonds with low duration
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How bond immunization strategy can be achieved?
a. purchase zero-coupon bonds with the bond's duration equal to its maturity
b. purchase bonds with low duration and sell bonds with high duration
c. adjusting the portfolio duration to match the investor's investment horizon
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
8th Edition
0324258917, 9780324258912
