Examlex
In one town,the number of burglaries in a week has a Poisson distribution with a mean of 2.1.Find the probability that in a randomly selected week the number of burglaries is at least three.
Bond Portfolio Management
The process of creating and managing a collection of bonds to achieve specific investment objectives, taking into account factors like risk tolerance, return requirements, and liquidity needs.
Asset Matching
A strategy used in financial planning to align investments with future liabilities, ensuring that cash flows meet financial obligations when they arise.
Roth IRA
A retirement savings account allowing individuals to contribute after-tax income, with tax-free withdrawals on both contributions and earnings after age 59½.
Traditional IRA
A Traditional IRA is a type of retirement account that allows individuals to direct pre-tax income toward investments that can grow tax-deferred until withdrawals begin at retirement age.
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