34. Is Whitney’s approach to rebalancing a portfolio using dollar duration most likely correct?
A. Yes.
B. No, there is no need to move forward in time
C. No, the steps do not provide the amount of cash needed for rebalancing
Answer = A
“Fixed-Income Portfolio Management – Part I,” H. Gifford Fong and Larry D. Guin
2013 Modular Level III, Vol. 4, Reading 23, Section 4.1.1.5
Study Session 9–23–g
Demonstrate the process of rebalancing a portfolio to reestablish a desired dollar duration.
A is correct because Whitney has correctly outlined the three steps necessary to rebalance a
portfolio to reestablish a desired dollar duration.
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