You are following a contingent immunization policy with your bond portfolio. The targeted minimum annual return is 4 percent annual return for 5 years. Portfolio value is $300 million. The current interest rate is 5 percent. 

What is the trigger point in 2 years if the interest rates at the time are 6 percent? (in millions)?

Answer rating: 100% (QA)

Contingent immunization is an investment strategy that combines immunization with active management The goal is to ensure that a portfolio can meet it... View the full answer