Is bond convexity a free lunch? Immunization does not imply risk-free arbitrage profits.
Article
Barber, JR, Copper, ML. (1997). Is bond convexity a free lunch? Immunization does not imply risk-free arbitrage profits.
. JOURNAL OF PORTFOLIO MANAGEMENT, 24(1), 113-&. 10.3905/jpm.1997.113
Barber, JR, Copper, ML. (1997). Is bond convexity a free lunch? Immunization does not imply risk-free arbitrage profits.
. JOURNAL OF PORTFOLIO MANAGEMENT, 24(1), 113-&. 10.3905/jpm.1997.113