A market timer switches between stock and cash (i.e., Libor) depending on which market is expected to
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A market timer switches between stock and cash (i.e., Libor) depending on which market is expected to perform better. If you are a market-timing investment manager, explain how you would use equity swaps to time the market.
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Market timing involves switching between equity and cash optimally so as to be in the better ret...View the full answer
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Somshukla Chakraborty
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