Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Analysis of the discounted return on an investment over one or more time frames (called horizons) that differ from the investment's actual maturity. For example, one might calculate the yield on a 10-year Treasury bond over its first year or first five years. Horizon analysis is done to see if an investment can or will perform well enough to meet one's investment goals over a given time. See also: Horizon analysis.
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