Explain why immunization permits a bond investor to be confident of meeting a given liability on a

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Explain why immunization permits a bond investor to be confident of meeting a given liability on a predetermined future date.

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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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Question Posted: Mar 16, 2016 03:00 AM

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Explain why immunization permits a bond investor to be confident of meeting a given liability on a

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Immunization involves selecting a fixedincome portfolio whose duration matches the duration of a ...View the full answer

Fundamentals of Investments

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