Beatnik

acer Wrote:
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> Somewhre in my notes, I had mentioned which of
> them create a band, cant find that snippet...
>
> Diff cost of lending and borrowing
==> Diminish returns due to the reverse kink

> zero beta portfolio
==> result in an SML with reverse risk -- no SYS but some UNSYS, starting at a higher intercept and flatter slope

> transaction costs---this am sure creates a band
> heterogenous expectations
==> results in a Band


^^^ may need corrections additions