DeMiguel, Angel-Victor (contributor); … - 2003 - [Elektronische Ressource]
capital gains tax is a challeng-
ing problem: because the tax to be paid depends on the price at which the security was … the optimal
portfolio policy in the presence of capital-gains tax when using the exact tax basis. Third,
we show that the ….
Keywords:Portfolio choice, capital gains tax, optimization, nonlinear programming.
JEL Classification: G11, C61, C63
Contents …