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A manager of a bond fund wishes to ensure funding of a predetermined liability. Contingent immunization is possible when the prevailing available immunized rate of return is: A. greater than the required rate to ensure the funding, and it works best if interest rates stay the same or increase. B. lower than the required rate to ensure the funding, and it works best if interest rates stay the same or decline. C. greater than the required rate to ensure the funding, and it works best if interest rates stay the same or decline. |