推 Engedi:你得配合負債的到期日作再投資，無法投資那麼長期的資產了. 04/24 19:07
→ lis2318:剛才好不容易想通了,大概懂了，謝謝你的回答 04/25 17:47
在教材第4本有關fixed-incom portfolio之中,在immunization策略下有提到
,immunization target rate of return is less than yield to maturity if the
yield cure is upward-sloping; immunization target rate of return is larger
than yield to maturity if the yield curve is downward-sloping because the
higher reinvestment return.
想請問,為什麼在downward-sloping的yield curve下,reinvestment rate is higher; 而
upward-sloping yield curve, reinvestment return is lower?
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