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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-02-09 compared with 2022-02-11 · 1 added, 1 removed, 7 unchanged (22% of the section changed)
4 unchanged sentences
To achieve this objective, we invest in highly liquid and high-quality government and other debt securities.
−Removed: To minimize our exposure due to adverse shifts in interest rates, we invest in short-term securities and ensure that the maximum average maturity of our investments does not exceed twelve months.
+Added: To minimize our exposure due to adverse shifts in interest rates, we invest in short-term securities and ensure that the maximum average maturity of our investments does not exceed 12 months.
If a 1% change in interest rates were to have occurred on December 31, 2022, this change would not have had a material effect on the fair value of our investment portfolio as of that date.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.