Question: Problem 5: Equalizing Strategy. Your optimal strategy as an investor is to implement a bond strategy as a function of time such as to to

Problem 5: Equalizing Strategy. Your optimal strategy as an investor is to implement a bond strategy as a function of time such as to to hold Mr. Market to a constant probability of failure, v-independent of his choice of m. Find a bond strategy that holds Mr. Market to a constant Probability of Failure. Hint: this is also known as a "bond tent.&quot

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