1. Which of the following statements regarding classical immunization is false ?
It is Easy to implement
It requires frequent rebalancing
It is not a passive bond strategy
It faces real-world problems in its implementation
2. James wants to invest in bonds and has a 10 year investment horizon. To immunize his portfolio, he must buy bonds with durations of ________ 10 years. These bonds will have maturities ________ 10 years
greater than; less than
equal to; less than
less than; equal to
equal to; greater than