P9.6 Optimal Portfolio Decisions. The James Bond Fund is a mutual fund (open-end investment company) with an

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P9.6 Optimal Portfolio Decisions. The James Bond Fund is a mutual fund (open-end investment company) with an objective of maximizing income from a widely diversified corporate bond portfolio. The fund has a policy of remaining invested largely in a diversified portfolio of investment-grade bonds. Investment-grade bonds have high investment quality and receive a rating of Baa or better by Moody's, a bond-rating service. The fund's investment policy states that investment-grade bonds are to be emphasized, representing at least three times the amount of junk?

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Managerial Economics

ISBN: 1518

14th Revised Edition

Authors: Mark Hirschey

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