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How Is the Optimal Portfolio Choice Affected If There Are

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How is the optimal portfolio choice affected if there are different rates for borrowers and savers?


Definitions:

Michael VIII

Emperor Michael VIII Palaiologos was the founder of the Palaiologan dynasty that ruled the Byzantine Empire from 1259 to 1453, known for restoring the Byzantine Empire's fortunes after the Latin Empire.

Pantokrator

A specific depiction of Christ in Christian iconography, representing him as the all-powerful ruler of the universe, often seen in Byzantine art.

Monreale

A town in Sicily, Italy, known for its Norman cathedral, which features extensive mosaics and is a masterpiece of Norman architecture.

Semidome of Apse

The half-dome shaped architectural element that covers the apse, a semicircular recess often found in churches.

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