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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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