James Wants to Invest in Bonds and Has a 10

question 23

Multiple Choice

James wants to invest in bonds and has a 10 year investment horizon.To immunize his portfolio,he must buy bonds with durations of ________ 10 years.These bonds will have maturities ________ 10 years.

• A)greater than; less than
• B)equal to; less than
• C)less than; equal to
• D)equal to; greater than

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Definitions:

Governmental Policies

Strategies and measures developed and implemented by a government to achieve specific goals and address national concerns.

Imprisonment

The act of confining someone in a prison or as if in a prison as punishment for a crime or while awaiting trial.

Black Migration

Refers to the movement of African Americans from the rural Southern United States to the urban North, Midwest, and West from approximately 1916 to 1970, often called the Great Migration.

East St. Louis

A city in Illinois notable for the 1917 race riot, one of the most violent episodes of racial conflict in the 20th-century United States.