liability is fully funded using standard immunization with non-callable bonds.
why contingent claim risk is still a concern?
EOC Reading 25, # 27, Book 4 p. 155
thanks!
liability is fully funded using standard immunization with non-callable bonds.
why contingent claim risk is still a concern?
EOC Reading 25, # 27, Book 4 p. 155
thanks!
because liability may be putable?
May be an erratum. Write CFA.
search…being discussed many times…