"Immunization Strategies: 1. Components of Interest Rate Risk: Price Risk, Coupon Reinvestment Risk 2. Immunization is neither a simple nor a passive strategy. An immunized portfolio requires frequent re-balancing because the modified duration of the portfolio always should be equal to the remaining time horizon (except in the case of the zero-coupon bond). Source: http://in.docsity.com/en-docs/Bond_Portfolio_Management_Strategies_-_Security_Analysis_and_Portfolio_Management_-_Solved_Quiz_"
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