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If the board allowed HMC to consider only domestic equities and domestic bonds for the endowment (arguing that they are safe choices in the sense

If the board allowed HMC to consider only domestic equities and domestic bonds for the endowment (arguing that they are safe choices in the sense that these assets are well-known to investors and they have deep, liquid markets), which combination of domestic bonds would you advise them to invest in? Why?

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