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All of the following are true of retained earnings except:
Target Date Immunization
A strategy used in fixed-income portfolio management where the portfolio is structured to become immune to interest rate changes as it reaches a specified date.
Horizon Analysis
A method used in finance to evaluate investments by forecasting their returns or performance over a specific future period.
Yield Curve
A graph that shows the relationship between interest rates and the time to maturity of debt for a given borrower in a given currency.
Perpetuity
A type of annuity that pays an infinite series of cash flows with no end, often used as a model for valuing stocks.
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