Answer the below questions. (a) Why is the interest-rate sensitivity of adefined benefit pension plans assets and

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Answer the below questions.
(a) Why is the interest-rate sensitivity of adefined benefit pension plan’s assets and liabilities important?
(b) In 1986, Martin Leibowitz wrote a paper titled“ Total Portfolio Duration: A New Perspective on Asset Allocation.” What do you think total portfolioduration means?
Answer the below questions. Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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