This paper deals with the immunization problem in the case of negative cash-flows. It is proven that global immunization is impossible when investments with negative cash-flows are considered. Furthermore, some partial results on local immunization are given.
Immunization of investments with partially negative cash-flows
SALINELLI, Ernesto
1992-01-01
Abstract
This paper deals with the immunization problem in the case of negative cash-flows. It is proven that global immunization is impossible when investments with negative cash-flows are considered. Furthermore, some partial results on local immunization are given.File in questo prodotto:
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