If an FI uses only duration to immunize its portfolio, what three factors affect changes in the

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If an FI uses only duration to immunize its portfolio, what three factors affect changes in the net worth of the FI when interest rates change?
The change in net worth for a given change in interest rates is given by the following equation:
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Financial Institutions Management A Risk Management Approach

ISBN: 978-0071051590

8th edition

Authors: Marcia Cornett, Patricia McGraw, Anthony Saunders

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