If the board allowed HMC to consider only domestic equities and domestic bonds for the endowment (arguing that they are safe choices in the sense that these assets are well-known to investors and they have deep, liquid markets), which combination of domestic bonds would you advise them to invest in? Why?

Answer rating: 100% (QA)

The stakes are great at HMC HMCs administrators manage the largest endowment in higher education valued at 327 billion as of July 2013 They do so with the knowledge that even the tiniest margins can a... View the full answer