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You know that bonds carry three main types of risk: Credit Risk, Reinvestment Risk, and Price Risk. As an investment manager advising an endowment, youve
You know that bonds carry three main types of risk: Credit Risk, Reinvestment Risk, and Price Risk. As an investment manager advising an endowment, youve been asked for a simple solution to avoid reinvestment risk in the bond portfolio. What is your solution?
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