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1 ABSTRACTThe question is occasionally asked whether the investment yield achieved on the assets of a pension fund in South Africa is liable to be influenced, adversely or otherwise, by the size of the fund's assets.Statistical tests conducted overseas have tended to suggest that there is no...
SynopsisCurrent methods of evaluating switches are inadequate to the extent of being misleading. Many make oversimplified assumptions regarding capital gains while all ignore the timing of the coupon payments and the accumulated interest from their reinvestment. If these factors are taken into...
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