… Here we will report primarily the findings of studies conducted by Bierwag, Kaufman and
Toevs (BKT).32 These results are representative of most other studies using somewhat different …

… Some numerical examples of some of the theorems developed in this paper are contained
in Bierwag and Kaufman [1]. The author bears responsibility for errors and ambiguities …

… (Bierwag and Kaufman [4], Bierwag [1], and Bierwag [2J). For example, the multiplicative
shock in which the new term structure becomes 6r(t), where 6 (-1) is the random shock, renders …

… The first draft of this paper was prepared by the late Gerry Bierwag. He asked Iraj F ooladi to
… The academic world owes Gerry Bierwag for his many contributions in development of dura…

… Complete proofs of all propositions are shown in GO Bierwag, "Immunization, Duration, and
… A more detailed proof of this and one for D2 are presented in Bierwag. 8. Reinvestment of …

… 5Fisher and Well [7] proved the immunization theorem for the case of two distinct zero
coupon bonds, while Bierwag [2] proved it for the case of one non-zero coupon bond. Our proof …

A number of recent papers have shown that it is possible for an investor to immunize a portfolio
of default and option-free coupon bonds so that the return realized over a given planning …

… Simulations for the gap measures shown in this article may be conducted on a simulation
model developed for use on an IBM-PC by GO Bierwag and George G. Kaufman. "Interest Rate …

… Bierwag and Khang develop a formal model to show that immunization is consistent with …
Use of duration analysis in active bond portfolio management has been discussed by Bierwag, …

… The empirical section of the present paper goes beyond the work of Martin and Smith (1988…
to include a bond which matures on the horizon date [Bierwag et al. (198 1, 1982, 1987a), …