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- 2011-5-26
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- 2012-9-12
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I say B. How likely is it that you will cash flow match with nothing but zero-coupons?? Only in this case would the upkeep be less time consuming and expensive.
IMHO the root of this question lay in the "easier to maintain" statement. They are going for the sucker that thinks "match the cash flows and then your done! easy!."
Remember that a match at first is not matching later due to convexity and duration. I say B B B. |
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发表于 2011-7-13 17:09
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