Question
The goal of immunization is to A. make the effective duration of the portfolio zero B. generate a return in excess of the benchmark using
The goal of immunization is to
A. make the effective duration of the portfolio zero
B. generate a return in excess of the benchmark using factor mismatches
C. earn a pre-determined return, over a specified time horizon, irrespective of interest rate changes
D. provide funding of a future liability from coupon and matured principal flows
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Risk Management And Financial Institution
Authors: John C. Hull
2nd Edition
0136102956, 9780136102953
