Question: Exercise 24.6.8 (Dynamic Immunization) Explain why the replication idea solves the problem of arbitrage opportunities in immunization against parallel shifts raised in Subsection 5.8.2.

Exercise 24.6.8 (Dynamic Immunization) Explain why the replication idea solves the problem of arbitrage opportunities in immunization against parallel shifts raised in Subsection 5.8.2.

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