Question: Immunisation can best be described as: Question 15 options: a) the ability of investors to choose a bond investment that minimises reinvestment risk. b) the

Immunisation can best be described as:

Question 15 options:

a)

the ability of investors to choose a bond investment that minimises reinvestment risk.

b)

the ability of investors to choose a bond investment that minimises interest rate risk.

c)

the ability of investors to choose a bond investment that matches cash inflows with outflows.

d)

the ability of investors to choose a bond investment that achieves some future target regardless of changes to interest rates.

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