Not only is this correct, but GMA will also benefit further into the future when the proceeds of bond maturities are reinvested at higher interest rates = higher investment income in future years.
Regardless, the market clearly likes the result.
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26 | 49607 | 4.370 |
16 | 36771 | 4.360 |
13 | 60365 | 4.350 |
12 | 123160 | 4.340 |
Price($) | Vol. | No. |
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4.400 | 130101 | 25 |
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