Question
Which of the following statements is correct regarding to immunization strategy rebalancing. a. Rebalancing is necessary because move forward in time, the liability may not
Which of the following statements is correct regarding to immunization strategy rebalancing.
a. Rebalancing is necessary because move forward in time, the liability may not be fully funded
b. All of the statements are correct.
c. Rebalancing is necessary because the duration of the portfolio changes as the market yield changes
d. Rebalancing is necessary because the duration of the portfolio changes with the passage of time.
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Peggy L. Hedges, Philip Chang, Keith C. Brown, Hedges Reilly Brown
1st Canadian Edition
0176500693, 978-0176500696
