Table 16.2: Optimal percentage allocation to stocksa,b Employed Retired Expected time to retirement (years) 35 25 10 5 Panel A: corr(~rP,t11 , Δ~lt11 )50 γ 52 184 156 114 97 80 γ 55 62 55 42 37 32 Panel B: corr(~rP,t11 , Δ~lt11 )50.35 γ ...
"This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts.... many books claim to require little prior mathematical training, but this one actually does so.
"This book does admirably what it sets out to do - provide a bridge between MBA-level finance texts and PhD-level texts.... many books claim to require little prior mathematical training, but this one actually does so.
Intermediate Financial Theory
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