Contingent Immunization Is a Strategy That Allows the Bond Manager

question 125

True/False

Contingent immunization is a strategy that allows the bond manager flexibility to actively manage the portfolio subject to an overriding constraint that the portfolio remains immunized at some predetermined yield level.

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Definitions:

Paying Employees

The process of compensating workers for their services, typically through salaries, wages, or other forms of payment.

State Wage-and-hour Laws

Laws enacted by individual states in the U.S. that govern minimum wage levels, overtime pay, and other aspects of employment hours and compensation.

Personnel Department

The department within a company responsible for the management of employee-related processes such as hiring, administration, and training.

Federal

Relating to the national government of a country, as opposed to local or state government.