Last Year,you Created an Immunized Portfolio with an Average Maturity

question 72

Multiple Choice

Last year,you created an immunized portfolio with an average maturity date of 14.5 years,a yield-to-maturity of 9.8 percent,and a duration of 9.6 years.According to the policy of dynamic immunization,you should now modify your portfolio in which one of the following ways?

• A) modify the yield-to-maturity to 9.1 percent
• B) modify the portfolio so the average maturity remains at 14.5 years
• C) modify the portfolio so the average maturity becomes 13.5 years
• D) modify the portfolio so the duration remains at 9.6 years
• E) modify the portfolio so the duration becomes 8.6 years

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Definitions:

Official Written Warning

A documented notice given by an employer to an employee to address a violation or performance issue.

Interactional Justice

The perception of fairness in interpersonal interactions, especially in terms of how decisions and information are communicated.

Restorative Justice

A system of criminal justice that focuses on the rehabilitation of offenders through reconciliation with victims and the community at large.

Distributive Justice

An ethical principle concerning the fair and equitable allocation of resources and benefits among all members of a society.