Which of the following researchers have contributed significantly to bond portfolio management theory? I) Sidney Homer
II. Harry Markowitz
III. Burton Malkiel
IV. Martin Liebowitz
V. Frederick Macaulay

Question

Quizplus · Accepted Answer

All five researchers have made significant contributions to bond portfolio management theory. Sidney Homer was a pioneer in the field of fixed income analysis and contributed to the development of bond market indexes. Harry Markowitz introduced the concept of modern portfolio theory, which is widely used in bond portfolio management. Burton Malkiel is known for his work on efficient market hypothesis, while Martin Liebowitz developed the duration concept for measuring interest rate risk. Frederick Macaulay created the concept of duration and convexity, which are widely used in bond portfolio management. Therefore, options A, B, and C are incorrect as they exclude one or more important contributors to bond portfolio management theory.

Which of the Following Researchers Have Contributed Significantly to Bond