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Consider the following portfolio choice problem. The investor has initial wealth w and utility u ( x ) = x n / n .There is
Consider the following portfolio choice problem. The investor has initial wealth w and utility u ( x ) = x n / n .There is a safe asset (such as a US government bond) that has net real return of ...
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
14th edition
007745443X, 978-0073530727, 73530727, 978-0077454432
