Question: How does the Black Tepper stocks-versus-bonds puzzle pertain to pension planning? Is it still tax advantageous for corporations to hold bonds in their pension accounts

How does the Black Tepper stocks-versus-bonds puzzle pertain to pension planning? Is it still tax advantageous for corporations to hold bonds in their pension accounts subsequent to the 1986 Tax Act?

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The puzzle is that pension funds have traditionally held nearly 50 of their assets in common stocks ... View full answer

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