What is the firms competitive position in terms of cost and


• What other dedicated management strategies are available to bond managers?

• What is meant by a contingent immunization approach to bond portfolio management?

• What is the firm's competitive position in terms of cost and pricing? This can be critical to a small firm.

• What is the firm's cash flow relative to cash requirements for interest, research, growth, and periods of economic decline? Also, what is the firm's borrowing capacity that can serve as a safety net and provide flexibility?

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Portfolio Management: What is the firms competitive position in terms of cost and
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