Hi @David Harper CFA FRM and all,
This is not related to FRM, but still concept applies, so I am asking here. In the CFA L3 textbook, this para is given:
"In general, for an upward-sloping yield curve, the immunization target rate of return will be less than the yield to maturity because of...
Concept: These on-line quiz questions are not specifically linked to AIMs, but are instead based on recent sample questions. The difficulty level is a notch, or two notches, easier than bionicturtle.com's typical AIM-by-AIM question such that the intended difficulty level is nearer to an actual...
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