During a conference with a client, the subject of classical immunization is introduced. The client questions the
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Question:
During a conference with a client, the subject of classical immunization is introduced. The client questions the fee charged for developing and managing an immunized portfolio. The client believes it is basically a passive investment strategy, so the management fee should be substantially lower.
What would you tell the client to show that it is not a passive policy?
Related Book For
Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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