Question
To immunize its net worth from changes in interest rates, the duration of an intermediary's assets should _________ the duration of its liabilities on a
To immunize its net worth from changes in interest rates, the duration of an intermediary's assets should _________ the duration of its liabilities on a leverage-adjusted basis.
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A. exceed
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B. roughly equal
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C. be less than
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D. fluctuate more than
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
