Question: React to this statement: For companies which are depository, the balance sheet drives the income statement, while for most other types of companies (e.g., Apple,

React to this statement: For companies which are depository, the balance

React to this statement: For companies which are depository, the balance sheet drives the income statement, while for most other types of companies (e.g., Apple, GM, GE) the income statement drives the balance sheet. 1. React to the following statement: Convexity imposes limits on the usefulness of immunization as an asset-liability management tool 2

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