问题1：为什么说对于classic immunizd portfolio ,target value of the investment is the lower limit of the value of the portfolio at the horizon date if there are parallel interest rate changes.
问题2：for an upward-sloping yield curve, the immunization target rate of return will be less than the yield to maturity because of the lower reinvestment return??这个是为什么呢？
求赐教！！[em64]
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发表于 2011-3-1 13:37
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