Your client wants to know the basic differences between (a) classical immunization, (b) contingent immunization, (c) cash-matched dedication, and (d) duration-matched dedication.

I) briefly describe each of these four techniques;

ii) briefly discuss the ongoing investment action you would have to carry out if managing an immunized portfolio;

iii) briefly discuss three of the major considerations involved with creating a cash-matched dedicated portfolio.

iv)Describe two parameters that should be specified when using contingent immunization.

v) Select one of the four alternatives techniques that you believe requires the least degree of active management and justify your selection.