Duration matching immunizes a portfolio against
A. Any parallel shift in the yield curve
B. All shifts in the yield curve
C. Changes in the steepness of the yield curve
D. Small parallel shifts in the yield curve
D
Duration matching only protects against small parallel shifts. It does not provide protection against large parallel shifts and non-parallel shifts.
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What will be an ideal response?
Which of the following, if true, helps explain the apparent discrepancy above?
A) The participants' evaluations of Embracing Diversity are administered at the final session only. B) Personnel evaluations revealed no significant differences in behavior between those that participated in Embracing Diversity and those that did not. C) The format of Embracing Diversity has remained essentially unchanged since it was first administered. D) The facilitators for the Embracing Diversity program have completed the program themselves. E) The poll cited by Fernandes is part of an overall effort in the organization to evaluate the effectiveness of training programs.