The immunisation of a Bond means that its overall Market value (price of Principal plus the Interest accrued) does not change in response to the change in market Interest rates. See also duration.
Immunisation(See Chapter 21 of the Vernimmen)
The immunisation of a Bond means that its overall Market value (price of Principal plus the Interest accrued) does not change in response to the change in market Interest rates. See also duration.
The immunisation of a Bond means that its overall Market value (price of Principal plus the Interest accrued) does not change in response to the change in market Interest rates. See also duration.