In the solution regarding to statement 2 What is the IRR on the immunized portfolio ?
In the curriculum they mention something called internal target rate of return, that is what they are referring to.
Pls how do i get the 2010 questions?
Okey Wrote: ------------------------------------------------------- > Pls how do i get the 2010 questions? http://www.cfainstitute.org/cfaprogram/courseofstudy/Documents/level_III_guideline_answers_2010.pdf
bpdulog Wrote: ------------------------------------------------------- > In the curriculum they mention something called > internal target rate of return, that is what they > are referring to. Thank you for your advice ! I think it shall be “immunization target rate of return” and it is the rate used to calculate the required terminal value as the 4.75% used to calculate 474.90 on P.37 of CFAI Text vol 4. Is it ?