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market values for the managed portfolio and current market rates at the end of Years 1 , 2 , and 3 are as follows: a
market values for the managed portfolio and current market rates at the end of Years and are as follows:
a Calculate the required endingwealth value for this portfolio.
million
b Calculate the value of the required floor portfolios at the end of Years and
End of Year : $
million
End of Year : $
million
End of Year : $
million
c Compute the margin of error at the end of Years and
End of Year : $
million
End of Year : $
million
End of Year : $
million
d Indicate the action that a portfolio manager utilizing a contingent immunization policy would take if the margin of error at the end of any year had been zero or negative.
If the margin of error at the end of any year had been zero or negative, the portfolio manager would
active management of the portfolio and immunize it
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