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Cash flow matching vs Multiple liability immunization
Please assist, I don't get the CFAI books anymore.
Question 13 of reading 28. The answers indicate that Cash flow matching has generally less risk than multiple liability immunization. When I read the text on page 44, first paragraph of 4.2.1. I understand that minimum immunization risk approach is better than cash flow matching.
Where do I go wrong?
Thanks for your help! |
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