"Conditions for Immunizations: 1. The Present value of the liabilities should be equal to present value of assets 2. Duration of assets should be equal to duration of liabilities 3. Convexity of assets in the portfolio should be greater than the convexity of liabilities. Source: http://in.docsity.com/en-docs/Bond_Portfolio_Management_Strategies_-_Security_Analysis_and_Portfolio_Management_-_Solved_Quiz_"
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