rates in order for immunization techniques using modified duration and convexity to be successful?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter3: Risk And Return: Part Ii
Section: Chapter Questions
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What two assumptions are made about changes to the term structure of interest

rates in order for immunization techniques using modified duration and convexity

to be successful?

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