Problem
In general, what changes have occurred in the financial markets that would allow financial institutions to restructure their balance sheets more rapidly and efficiently to meet desired goals? Why is it critical for an investment manager who has a portfolio immunized to match a desired investment horizon to rebalance the portfolio periodically? What is convexity? Why is convexity a desirable feature to capture in a portfolio of assets?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.