What is your investment horizon assuming no change in


You begin with an investment horizon of four years and a portfolio with a duration of four years with a market interest rate of 10 percent. A year later, what is your investment horizon? Assuming no change in interest rates, what is the duration of your portfolio relative to your investment horizon? What does this imply about your ability to immunize your portfolio?

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Portfolio Management: What is your investment horizon assuming no change in
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