
- UID
- 223215
- 帖子
- 150
- 主题
- 127
- 注册时间
- 2011-7-11
- 最后登录
- 2013-9-26
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Any immunized portfolio (except with treasuries) face the credit risk. That is not the focus here.
CFAI text Vol 4, p.38 says “When a security has a contingent claim provision, explicit or implicit, ……”
So it is not default risk. |
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