Short Answer
Using each of the descriptions given below, identify the key term or concept that goes with them.
a. Duration matches the length of the investor's planned holding period.
b. Weighted average maturity of a financial asset.
c. Ratio of changes in the price of a financial instrument relative to changes in its yield.
d. The size of an asset's promised yield influences how rapidly its price changes as market interest rates move.
e. Investors prefer certain asset maturities due to such factors as their liquidity needs, tax exposure and risk.
Correct Answer:

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a. Portfolio immunization.
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b. ...
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