Question
When Duration < Holding Period, the change in price from an interest change is matched by the change in reinvestment income. The two effects cancel
When Duration < Holding Period, the change in price from an interest change is matched by the change in reinvestment income. The two effects cancel each other making the portfolio immune from interest rate fluctuations.True or false?
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Buyable Your Guide To Building A Self Managing Fast Growing And High Profit Business
Authors: Steve Preda
1st Edition
0998447846, 978-0998447841
