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An individual expects to save $25,000 during the coming year from income and non-portfolio sources, such as salary. They will need $50,000 within the next
An individual expects to save $25,000 during the coming year from income and non-portfolio sources, such as salary. They will need $50,000 within the next year to make a down payment for a house purchase. What is their liquidity requirement for the coming year?
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
