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Immunization procedure - PowerPoint PPT Presentation

Duration and Portfolio Immunization

Duration and Portfolio Immunization. Macaulay duration. The duration of a fixed income instrument is a weighted average of the times that payments (cash flows) are made. The weighting coefficients are the present values of the individual cash flows.

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Vaccination:

Vaccination:. Vaccine : Is a nonpathogenic immunogen that, when inoculated into a host, induces protective immunity against a specific pathogen. Examples : - Smallpox vaccine (developed by Edward Jenner in 1798). - Rabies vaccine (developed by Louis Pasteur in 1880).

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Immunization procedure - PowerPoint PPT Presentation

Duration and Portfolio Immunization

Vaccination: