Question
To immunize its net worth from changes in interest rates, the duration of an intermediarys assets should_______ the leverage-adjusted duration of its liabilities a) exceed
To immunize its net worth from changes in interest rates, the duration of an intermediarys assets should_______ the leverage-adjusted duration of its liabilities
a) exceed
B) roughly equal
c) be less than
d) fluctuate more than
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
