Question
In order to immunize a bond portfolio from interest rate risk, the portfolios _________ should equal the ____________. A. weighted average maturity; investors investment horizon
In order to immunize a bond portfolio from interest rate risk, the portfolios _________ should equal the ____________. A. weighted average maturity; investors investment horizon B. weighted average coupon; portfolios weighted average YTM C. Macaulay duration; investors investment horizon D. weighted average YTM; investors required return
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Financial Management For Public, Health, And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
6th Edition
150639681X, 978-1506396811
