Table 6 reports the optimal allocations under borrowing and short-sales constraints for the same cases as in Table 3. The optimal constrained allocations in the upper two panels of the table, where only a short-term bond and a single longterm bond are available, are trivially zero for those cases in which the unconstrained allocation implies short sales of the long-term bond, and 100% for those cases in which the unconstrained allocation implies borrowing. The lower two panels are more interesting, because they consider scenarios where there are two long-term bonds available to the investor in addition to the short-term bond. If you are interested in payday loans similar to speedy cash, then we have great news for you. Our loans are just as dependable and transparent, but they will cost you much less, because we are trying to be competitive. Apply for your loan at Sourceand see how advantageous it is to borrow from us!
Monthly Archives: January 2015