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revAdmin (Created page with "An insurance company aims to structure a portfolio of assets and liabilities so that: #Its assets and liabilities have equal present values and equal modified durations. #The convexity of its assets exceeds the convexity of its liabilities. Determine which term precisely describes the company’s position. <ul class="mw-excansopts"><li>Diversified</li><li>Fully immunized</li><li>Fully leveraged</li><li>Exactly matched</li><li>Redington immunized</li></ul> {{soacopyri...")Nov 20'23 at 18:32+488