in bonds ( $43.86/$123.88). The investor then begins year 2 (1998) with $80.02 invested in equities and $43.86 invested in bonds. This drift process is allowed to continue for years 2 through 10 (calendar years 1997 through 2006), resulting in an ending portfolio value of $207.93, a compound annual
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Recipe:
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supposed to be an optimal predictor of the dividend present value, then they
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