Скачать или смотреть SOA/FM SAMPLE QUESTION

180.
Determine which of the following statements regarding asset-liability management techniques is true.
(A) Redington immunization requires that the convexity of the liabilities is greater than the convexity of the assets.
(B) An advantage of the Redington immunization technique over the cash-flow matching technique is that the portfolio manager has more investment choices available.
(C) Both Redington immunization and full immunization are based on the assumption that the yield curve has higher yields for longer term investments.
(D) A fully immunized portfolio ensures that the present value of assets will exceed the present value of liabilities with non-parallel shifts in the yield curve.
(E) A cash-flow matched portfolio requires less rebalancing than a Redington immunized portfolio, but more rebalancing than a fully immunized portfolio.