Question: Is Haleys Statement #1 correct? A . Yes. B . No, because multiple liability immunization is generally less risky than cash fl ow matching. C

Is Haley’s Statement #1 correct?

A . Yes.

B . No, because multiple liability immunization is generally less risky than cash fl ow matching.

C . No, because cash fl ow matching is generally less costly than multiple liability immunization.

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