So if interest rate changes is affecting Macaulay Duration... Then even if there's a one time instantaneous change in yield, there will be a mismatch between Macaulay duration of asset and liability ?
So if interest rate changes is affecting Macaulay Duration… Then even if there’s a one time instantaneous change in yield, there will be a mismatch between Macaulay duration of asset and liability ?
CFA Level 3 in May 2022
Where has sir replied?
Where has sir replied?
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The beginning value is post tax (not pre tax) since as per notes POST TAX DOLLARS ARE INVESTED IN TAXABLE AND TEX EXEMPT ACCOUNT.
The beginning value is post tax (not pre tax) since as per notes POST TAX DOLLARS ARE INVESTED IN TAXABLE AND TEX EXEMPT ACCOUNT.
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I believe there would be gift tax and not capital gain tax...levied on the market value
I believe there would be gift tax and not capital gain tax…levied on the market value
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I just edited the question inserting the question and solution snap shot
I just edited the question inserting the question and solution snap shot
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Sir, I checked core reading... They have not merged interaction with selection.
Sir, I checked core reading… They have not merged interaction with selection.
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So if interest rate changes is affecting Macaulay Duration... Then even if there's a one time instantaneous change in yield, there will be a mismatch between Macaulay duration of asset and liability ?
So if interest rate changes is affecting Macaulay Duration… Then even if there’s a one time instantaneous change in yield, there will be a mismatch between Macaulay duration of asset and liability ?
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