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what is not required to immunize a multiperiod liabilities portfolio? a) The portfolios duration must equal the duration of the liabilities b) The portfolios convexity
what is not required to immunize a multiperiod liabilities portfolio?
a) The portfolios duration must equal the duration of the liabilities
b) The portfolios convexity must equal the convexity of the liabilities
c) the present value of the cash flow from the bond portfolio must equal the present value of the liabilities stream
d) tha distribution of durations of individual portfolio assets must have a wider range than the distribution of the liabilities
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