id	sid	tid	token	lemma	pos
fsr-3722	1	1	pii	pii	PROPN
fsr-3722	1	2	:	:	PUNCT
fsr-3722	1	3	1057	1057	NUM
fsr-3722	1	4	-	-	PUNCT
fsr-3722	1	5	0810(93)90006	0810(93)90006	NUM
fsr-3722	1	6	-	-	PUNCT
fsr-3722	1	7	c	c	NOUN
fsr-3722	1	8	financial	financial	PROPN
fsr-3722	1	9	services	service	NOUN
fsr-3722	1	10	review	review	NOUN
fsr-3722	1	11	,	,	PUNCT
fsr-3722	1	12	3(l	3(l	NUM
fsr-3722	1	13	):	):	PUNCT
fsr-3722	1	14	5%73	5%73	ADJ
fsr-3722	1	15	copyright	copyright	NOUN
fsr-3722	1	16	0	0	NUM
fsr-3722	1	17	1993	1993	NUM
fsr-3722	1	18	by	by	ADP
fsr-3722	1	19	jai	jai	PROPN
fsr-3722	1	20	press	press	PROPN
fsr-3722	1	21	inc	inc	PROPN
fsr-3722	1	22	.	.	PROPN
fsr-3722	1	23	issn	issn	PROPN
fsr-3722	1	24	:	:	PUNCT
fsr-3722	1	25	1057	1057	NUM
fsr-3722	1	26	-	-	SYM
fsr-3722	1	27	0810	0810	NUM
fsr-3722	1	28	all	all	DET
fsr-3722	1	29	rights	right	NOUN
fsr-3722	1	30	of	of	ADP
fsr-3722	1	31	reproduction	reproduction	NOUN
fsr-3722	1	32	in	in	ADP
fsr-3722	1	33	any	any	DET
fsr-3722	1	34	form	form	NOUN
fsr-3722	1	35	reserved	reserve	VERB
fsr-3722	1	36	.	.	PUNCT
fsr-3722	2	1	the	the	DET
fsr-3722	2	2	individual	individual	NOUN
fsr-3722	2	3	’s	’s	PART
fsr-3722	2	4	tax	tax	NOUN
fsr-3722	2	5	-	-	PUNCT
fsr-3722	2	6	exempt	exempt	ADJ
fsr-3722	2	7	bond	bond	NOUN
fsr-3722	2	8	portfolio	portfolio	NOUN
fsr-3722	2	9	decision	decision	NOUN
fsr-3722	2	10	under	under	ADP
fsr-3722	2	11	income	income	NOUN
fsr-3722	2	12	uncertainty	uncertainty	NOUN
fsr-3722	2	13	amy	amy	PROPN
fsr-3722	2	14	v.	v.	ADP
fsr-3722	2	15	puelz	puelz	NOUN
fsr-3722	2	16	in	in	ADP
fsr-3722	2	17	this	this	DET
fsr-3722	2	18	article	article	NOUN
fsr-3722	2	19	,	,	PUNCT
fsr-3722	2	20	an	an	DET
fsr-3722	2	21	individual	individual	NOUN
fsr-3722	2	22	’s	’s	PART
fsr-3722	2	23	tax	tax	NOUN
fsr-3722	2	24	-	-	PUNCT
fsr-3722	2	25	exempt	exempt	ADJ
fsr-3722	2	26	bond	bond	NOUN
fsr-3722	2	27	porrfolio	porrfolio	ADJ
fsr-3722	2	28	decision	decision	NOUN
fsr-3722	2	29	is	be	AUX
fsr-3722	2	30	investigated	investigate	VERB
fsr-3722	2	31	.	.	PUNCT
fsr-3722	3	1	a	a	DET
fsr-3722	3	2	model	model	NOUN
fsr-3722	3	3	capturing	capture	VERB
fsr-3722	3	4	the	the	DET
fsr-3722	3	5	relationship	relationship	NOUN
fsr-3722	3	6	between	between	ADP
fsr-3722	3	7	income	income	NOUN
fsr-3722	3	8	uncertainty	uncertainty	NOUN
fsr-3722	3	9	and	and	CCONJ
fsr-3722	3	10	optimal	optimal	ADJ
fsr-3722	3	11	portfolio	portfolio	NOUN
fsr-3722	3	12	choice	choice	NOUN
fsr-3722	3	13	is	be	AUX
fsr-3722	3	14	defined	define	VERB
fsr-3722	3	15	when	when	SCONJ
fsr-3722	3	16	an	an	DET
fsr-3722	3	17	individual	individual	ADJ
fsr-3722	3	18	decision	decision	NOUN
fsr-3722	3	19	-	-	PUNCT
fsr-3722	3	20	maker	maker	NOUN
fsr-3722	3	21	has	have	VERB
fsr-3722	3	22	the	the	DET
fsr-3722	3	23	opportunity	opportunity	NOUN
fsr-3722	3	24	to	to	PART
fsr-3722	3	25	hold	hold	VERB
fsr-3722	3	26	higher	higher	ADV
fsr-3722	3	27	yielding	yield	VERB
fsr-3722	3	28	private	private	ADJ
fsr-3722	3	29	-	-	PUNCT
fsr-3722	3	30	activity	activity	NOUN
fsr-3722	3	31	bonds	bond	NOUN
fsr-3722	3	32	.	.	PUNCT
fsr-3722	4	1	the	the	DET
fsr-3722	4	2	findings	finding	NOUN
fsr-3722	4	3	in	in	ADP
fsr-3722	4	4	this	this	DET
fsr-3722	4	5	article	article	NOUN
fsr-3722	4	6	show	show	VERB
fsr-3722	4	7	that	that	SCONJ
fsr-3722	4	8	in	in	ADP
fsr-3722	4	9	most	most	ADJ
fsr-3722	4	10	cases	case	NOUN
fsr-3722	4	11	risk	risk	NOUN
fsr-3722	4	12	-	-	PUNCT
fsr-3722	4	13	averse	averse	ADJ
fsr-3722	4	14	individuals	individual	NOUN
fsr-3722	4	15	will	will	AUX
fsr-3722	4	16	maximize	maximize	VERB
fsr-3722	4	17	the	the	DET
fsr-3722	4	18	expected	expect	VERB
fsr-3722	4	19	utility	utility	NOUN
fsr-3722	4	20	of	of	ADP
fsr-3722	4	21	after	after	ADP
fsr-3722	4	22	-	-	PUNCT
fsr-3722	4	23	tax	tax	NOUN
fsr-3722	4	24	income	income	NOUN
fsr-3722	4	25	by	by	ADP
fsr-3722	4	26	holding	hold	VERB
fsr-3722	4	27	a	a	DET
fsr-3722	4	28	large	large	ADJ
fsr-3722	4	29	proportion	proportion	NOUN
fsr-3722	4	30	of	of	ADP
fsr-3722	4	31	private	private	ADJ
fsr-3722	4	32	-	-	PUNCT
fsr-3722	4	33	activity	activity	NOUN
fsr-3722	4	34	bonds	bond	NOUN
fsr-3722	4	35	in	in	ADP
fsr-3722	4	36	their	their	PRON
fsr-3722	4	37	portfolio	portfolio	NOUN
fsr-3722	4	38	even	even	ADV
fsr-3722	4	39	under	under	ADP
fsr-3722	4	40	income	income	NOUN
fsr-3722	4	41	uncertainty	uncertainty	NOUN
fsr-3722	4	42	and	and	CCONJ
fsr-3722	4	43	the	the	DET
fsr-3722	4	44	risk	risk	NOUN
fsr-3722	4	45	of	of	ADP
fsr-3722	4	46	a	a	DET
fsr-3722	4	47	minimum	minimum	ADJ
fsr-3722	4	48	tax	tax	NOUN
fsr-3722	4	49	liability	liability	NOUN
fsr-3722	4	50	.	.	PUNCT
fsr-3722	5	1	those	those	DET
fsr-3722	5	2	individuals	individual	NOUN
fsr-3722	5	3	who	who	PRON
fsr-3722	5	4	would	would	AUX
fsr-3722	5	5	benefitfrom	benefitfrom	VERB
fsr-3722	5	6	holding	hold	VERB
fsr-3722	5	7	private	private	ADJ
fsr-3722	5	8	-	-	PUNCT
fsr-3722	5	9	activity	activity	NOUN
fsr-3722	5	10	bonds	bond	NOUN
fsr-3722	5	11	in	in	ADP
fsr-3722	5	12	a	a	DET
fsr-3722	5	13	tax	tax	NOUN
fsr-3722	5	14	-	-	PUNCT
fsr-3722	5	15	exempt	exempt	ADJ
fsr-3722	5	16	portfolio	portfolio	NOUN
fsr-3722	5	17	are	be	AUX
fsr-3722	5	18	identified	identify	VERB
fsr-3722	5	19	and	and	CCONJ
fsr-3722	5	20	the	the	DET
fsr-3722	5	21	magnitude	magnitude	NOUN
fsr-3722	5	22	of	of	ADP
fsr-3722	5	23	the	the	DET
fsr-3722	5	24	benefit	benefit	NOUN
fsr-3722	5	25	is	be	AUX
fsr-3722	5	26	quantified	quantify	VERB
fsr-3722	5	27	,	,	PUNCT
fsr-3722	5	28	i.	i.	PROPN
fsr-3722	5	29	intr	intr	PROPN
fsr-3722	5	30	~	~	PUNCT
fsr-3722	5	31	duc~~n	duc~~n	VERB
fsr-3722	5	32	the	the	DET
fsr-3722	5	33	tax	tax	NOUN
fsr-3722	5	34	reform	reform	NOUN
fsr-3722	5	35	act	act	NOUN
fsr-3722	5	36	of	of	ADP
fsr-3722	5	37	1986	1986	NUM
fsr-3722	5	38	created	create	VERB
fsr-3722	5	39	two	two	NUM
fsr-3722	5	40	general	general	ADJ
fsr-3722	5	41	classes	class	NOUN
fsr-3722	5	42	of	of	ADP
fsr-3722	5	43	municipal	municipal	ADJ
fsr-3722	5	44	investments	investment	NOUN
fsr-3722	5	45	,	,	PUNCT
fsr-3722	5	46	essential	essential	ADJ
fsr-3722	5	47	-	-	PUNCT
fsr-3722	5	48	purpose	purpose	NOUN
fsr-3722	5	49	and	and	CCONJ
fsr-3722	5	50	nonessential	nonessential	ADJ
fsr-3722	5	51	-	-	PUNCT
fsr-3722	5	52	purpose	purpose	NOUN
fsr-3722	5	53	or	or	CCONJ
fsr-3722	5	54	private	private	ADJ
fsr-3722	5	55	-	-	PUNCT
fsr-3722	5	56	activity	activity	NOUN
fsr-3722	5	57	bonds	bond	NOUN
fsr-3722	5	58	.	.	PUNCT
fsr-3722	6	1	essential	essential	ADJ
fsr-3722	6	2	purpose	purpose	NOUN
fsr-3722	6	3	bonds	bond	NOUN
fsr-3722	6	4	yield	yield	VERB
fsr-3722	6	5	interest	interest	NOUN
fsr-3722	6	6	income	income	NOUN
fsr-3722	6	7	that	that	PRON
fsr-3722	6	8	is	be	AUX
fsr-3722	6	9	exempt	exempt	ADJ
fsr-3722	6	10	from	from	ADP
fsr-3722	6	11	any	any	DET
fsr-3722	6	12	form	form	NOUN
fsr-3722	6	13	of	of	ADP
fsr-3722	6	14	federal	federal	ADJ
fsr-3722	6	15	income	income	NOUN
fsr-3722	6	16	tax	tax	NOUN
fsr-3722	6	17	.	.	PUNCT
fsr-3722	7	1	however	however	ADV
fsr-3722	7	2	,	,	PUNCT
fsr-3722	7	3	interest	interest	NOUN
fsr-3722	7	4	income	income	NOUN
fsr-3722	7	5	on	on	ADP
fsr-3722	7	6	private	private	ADJ
fsr-3722	7	7	-	-	PUNCT
fsr-3722	7	8	activity	activity	NOUN
fsr-3722	7	9	bonds	bond	NOUN
fsr-3722	7	10	issued	issue	VERB
fsr-3722	7	11	after	after	ADP
fsr-3722	7	12	august	august	PROPN
fsr-3722	7	13	7	7	NUM
fsr-3722	7	14	,	,	PUNCT
fsr-3722	7	15	1986	1986	NUM
fsr-3722	7	16	is	be	AUX
fsr-3722	7	17	classified	classify	VERB
fsr-3722	7	18	by	by	ADP
fsr-3722	7	19	the	the	DET
fsr-3722	7	20	internal	internal	ADJ
fsr-3722	7	21	revenue	revenue	NOUN
fsr-3722	7	22	service	service	NOUN
fsr-3722	7	23	as	as	ADP
fsr-3722	7	24	preference	preference	NOUN
fsr-3722	7	25	income	income	NOUN
fsr-3722	7	26	and	and	CCONJ
fsr-3722	7	27	is	be	AUX
fsr-3722	7	28	exempt	exempt	ADJ
fsr-3722	7	29	from	from	ADP
fsr-3722	7	30	federal	federal	ADJ
fsr-3722	7	31	income	income	NOUN
fsr-3722	7	32	tax	tax	NOUN
fsr-3722	7	33	only	only	ADV
fsr-3722	7	34	if	if	SCONJ
fsr-3722	7	35	an	an	DET
fsr-3722	7	36	individual	individual	NOUN
fsr-3722	7	37	is	be	AUX
fsr-3722	7	38	not	not	PART
fsr-3722	7	39	subject	subject	ADJ
fsr-3722	7	40	to	to	ADP
fsr-3722	7	41	the	the	DET
fsr-3722	7	42	alternative	alternative	ADJ
fsr-3722	7	43	minimum	minimum	ADJ
fsr-3722	7	44	tax	tax	NOUN
fsr-3722	7	45	.	.	PUNCT
fsr-3722	7	46	’	'	PUNCT
fsr-3722	8	1	the	the	DET
fsr-3722	8	2	alternative	alternative	ADJ
fsr-3722	8	3	minimum	minimum	ADJ
fsr-3722	8	4	tax	tax	NOUN
fsr-3722	8	5	(	(	PUNCT
fsr-3722	8	6	or	or	CCONJ
fsr-3722	8	7	minimum	minimum	ADJ
fsr-3722	8	8	tax	tax	NOUN
fsr-3722	8	9	)	)	PUNCT
fsr-3722	8	10	is	be	AUX
fsr-3722	8	11	a	a	DET
fsr-3722	8	12	flat	flat	ADJ
fsr-3722	8	13	tax	tax	NOUN
fsr-3722	8	14	rate	rate	NOUN
fsr-3722	8	15	applied	apply	VERB
fsr-3722	8	16	to	to	ADP
fsr-3722	8	17	minimum	minimum	ADJ
fsr-3722	8	18	taxable	taxable	ADJ
fsr-3722	8	19	income	income	NOUN
fsr-3722	8	20	which	which	PRON
fsr-3722	8	21	is	be	AUX
fsr-3722	8	22	the	the	DET
fsr-3722	8	23	total	total	NOUN
fsr-3722	8	24	of	of	ADP
fsr-3722	8	25	regular	regular	ADJ
fsr-3722	8	26	taxable	taxable	ADJ
fsr-3722	8	27	income	income	NOUN
fsr-3722	8	28	plus	plus	CCONJ
fsr-3722	8	29	preference	preference	NOUN
fsr-3722	8	30	income	income	NOUN
fsr-3722	8	31	and	and	CCONJ
fsr-3722	8	32	adjustments	adjustment	NOUN
fsr-3722	8	33	.	.	PUNCT
fsr-3722	9	1	an	an	DET
fsr-3722	9	2	individual	individual	NOUN
fsr-3722	9	3	is	be	AUX
fsr-3722	9	4	subject	subject	ADJ
fsr-3722	9	5	to	to	ADP
fsr-3722	9	6	the	the	DET
fsr-3722	9	7	minimum	minimum	ADJ
fsr-3722	9	8	tax	tax	NOUN
fsr-3722	9	9	if	if	SCONJ
fsr-3722	9	10	the	the	DET
fsr-3722	9	11	minimum	minimum	ADJ
fsr-3722	9	12	tax	tax	NOUN
fsr-3722	9	13	liability	liability	NOUN
fsr-3722	9	14	exceeds	exceed	VERB
fsr-3722	9	15	the	the	DET
fsr-3722	9	16	regular	regular	ADJ
fsr-3722	9	17	tax	tax	NOUN
fsr-3722	9	18	liability	liability	NOUN
fsr-3722	9	19	.	.	PUNCT
fsr-3722	10	1	*	*	PUNCT
fsr-3722	11	1	the	the	DET
fsr-3722	11	2	probability	probability	NOUN
fsr-3722	11	3	of	of	ADP
fsr-3722	11	4	an	an	DET
fsr-3722	11	5	individual	individual	NOUN
fsr-3722	11	6	being	be	AUX
fsr-3722	11	7	subject	subject	ADJ
fsr-3722	11	8	to	to	ADP
fsr-3722	11	9	minimum	minimum	ADJ
fsr-3722	11	10	tax	tax	NOUN
fsr-3722	11	11	increased	increase	VERB
fsr-3722	11	12	with	with	ADP
fsr-3722	11	13	1990	1990	NUM
fsr-3722	11	14	tax	tax	NOUN
fsr-3722	11	15	reform	reform	NOUN
fsr-3722	11	16	when	when	SCONJ
fsr-3722	11	17	the	the	DET
fsr-3722	11	18	minimum	minimum	ADJ
fsr-3722	11	19	tax	tax	NOUN
fsr-3722	11	20	rate	rate	NOUN
fsr-3722	11	21	was	be	AUX
fsr-3722	11	22	increased	increase	VERB
fsr-3722	11	23	from	from	ADP
fsr-3722	11	24	21	21	NUM
fsr-3722	11	25	%	%	NOUN
fsr-3722	11	26	to	to	PART
fsr-3722	11	27	24	24	NUM
fsr-3722	11	28	%	%	NOUN
fsr-3722	11	29	.	.	PUNCT
fsr-3722	12	1	the	the	DET
fsr-3722	12	2	separation	separation	NOUN
fsr-3722	12	3	of	of	ADP
fsr-3722	12	4	municipal	municipal	ADJ
fsr-3722	12	5	bonds	bond	NOUN
fsr-3722	12	6	into	into	ADP
fsr-3722	12	7	two	two	NUM
fsr-3722	12	8	distinct	distinct	ADJ
fsr-3722	12	9	classes	class	NOUN
fsr-3722	12	10	alters	alter	VERB
fsr-3722	12	11	individual	individual	ADJ
fsr-3722	12	12	decision	decision	NOUN
fsr-3722	12	13	-	-	PUNCT
fsr-3722	12	14	making	making	NOUN
fsr-3722	12	15	regarding	regard	VERB
fsr-3722	12	16	the	the	DET
fsr-3722	12	17	tax	tax	NOUN
fsr-3722	12	18	-	-	PUNCT
fsr-3722	12	19	exempt	exempt	ADJ
fsr-3722	12	20	portfolio	portfolio	NOUN
fsr-3722	12	21	because	because	SCONJ
fsr-3722	12	22	of	of	ADP
fsr-3722	12	23	the	the	DET
fsr-3722	12	24	relatively	relatively	ADV
fsr-3722	12	25	high	high	ADJ
fsr-3722	12	26	yields	yield	NOUN
fsr-3722	12	27	and	and	CCONJ
fsr-3722	12	28	the	the	DET
fsr-3722	12	29	uncertain	uncertain	ADJ
fsr-3722	12	30	tax	tax	NOUN
fsr-3722	12	31	treatment	treatment	NOUN
fsr-3722	12	32	of	of	ADP
fsr-3722	12	33	private	private	ADJ
fsr-3722	12	34	-	-	PUNCT
fsr-3722	12	35	activity	activity	NOUN
fsr-3722	12	36	bonds	bond	NOUN
fsr-3722	12	37	.	.	PUNCT
fsr-3722	13	1	in	in	ADP
fsr-3722	13	2	this	this	DET
fsr-3722	13	3	article	article	NOUN
fsr-3722	13	4	,	,	PUNCT
fsr-3722	13	5	the	the	DET
fsr-3722	13	6	amy	amy	PROPN
fsr-3722	13	7	v.	v.	ADP
fsr-3722	13	8	helz	helz	PROPN
fsr-3722	13	9	l	l	PROPN
fsr-3722	13	10	department	department	PROPN
fsr-3722	13	11	of	of	ADP
fsr-3722	13	12	management	management	NOUN
fsr-3722	13	13	information	information	NOUN
fsr-3722	13	14	sciences	sciences	PROPN
fsr-3722	13	15	,	,	PUNCT
fsr-3722	13	16	edwin	edwin	PROPN
fsr-3722	13	17	l.	l.	PROPN
fsr-3722	13	18	cox	cox	PROPN
fsr-3722	13	19	school	school	PROPN
fsr-3722	13	20	of	of	ADP
fsr-3722	13	21	business	business	NOUN
fsr-3722	13	22	,	,	PUNCT
fsr-3722	13	23	southern	southern	ADJ
fsr-3722	13	24	methodist	methodist	PROPN
fsr-3722	13	25	university	university	PROPN
fsr-3722	13	26	,	,	PUNCT
fsr-3722	13	27	dallas	dallas	PROPN
fsr-3722	13	28	,	,	PUNCT
fsr-3722	13	29	texas	texas	PROPN
fsr-3722	13	30	,	,	PUNCT
fsr-3722	13	31	75275	75275	NUM
fsr-3722	13	32	.	.	PUNCT
fsr-3722	14	1	60	60	NUM
fsr-3722	14	2	financialservicesreview,3(1	financialservicesreview,3(1	NOUN
fsr-3722	14	3	)	)	PUNCT
fsr-3722	14	4	1993	1993	NUM
fsr-3722	14	5	tax	tax	NOUN
fsr-3722	14	6	-	-	PUNCT
fsr-3722	14	7	exempt	exempt	ADJ
fsr-3722	14	8	portfolio	portfolio	NOUN
fsr-3722	14	9	decision	decision	NOUN
fsr-3722	14	10	under	under	ADP
fsr-3722	14	11	income	income	NOUN
fsr-3722	14	12	uncertainty	uncertainty	NOUN
fsr-3722	14	13	is	be	AUX
fsr-3722	14	14	examined	examine	VERB
fsr-3722	14	15	given	give	VERB
fsr-3722	14	16	the	the	DET
fsr-3722	14	17	expanded	expand	VERB
fsr-3722	14	18	choice	choice	NOUN
fsr-3722	14	19	set	set	NOUN
fsr-3722	14	20	that	that	PRON
fsr-3722	14	21	includes	include	VERB
fsr-3722	14	22	private	private	ADJ
fsr-3722	14	23	-	-	PUNCT
fsr-3722	14	24	activity	activity	NOUN
fsr-3722	14	25	bonds	bond	NOUN
fsr-3722	14	26	.	.	PUNCT
fsr-3722	15	1	the	the	DET
fsr-3722	15	2	tax	tax	NOUN
fsr-3722	15	3	-	-	PUNCT
fsr-3722	15	4	exempt	exempt	ADJ
fsr-3722	15	5	bond	bond	NOUN
fsr-3722	15	6	literature	literature	NOUN
fsr-3722	15	7	has	have	AUX
fsr-3722	15	8	focused	focus	VERB
fsr-3722	15	9	on	on	ADP
fsr-3722	15	10	both	both	DET
fsr-3722	15	11	sides	side	NOUN
fsr-3722	15	12	of	of	ADP
fsr-3722	15	13	the	the	DET
fsr-3722	15	14	market	market	NOUN
fsr-3722	15	15	.	.	PUNCT
fsr-3722	16	1	supply	supply	NOUN
fsr-3722	16	2	-	-	PUNCT
fsr-3722	16	3	side	side	NOUN
fsr-3722	16	4	research	research	NOUN
fsr-3722	16	5	has	have	AUX
fsr-3722	16	6	dealt	deal	VERB
fsr-3722	16	7	with	with	ADP
fsr-3722	16	8	the	the	DET
fsr-3722	16	9	creation	creation	NOUN
fsr-3722	16	10	and	and	CCONJ
fsr-3722	16	11	issuance	issuance	NOUN
fsr-3722	16	12	of	of	ADP
fsr-3722	16	13	municipal	municipal	ADJ
fsr-3722	16	14	debt	debt	NOUN
fsr-3722	16	15	and	and	CCONJ
fsr-3722	16	16	includes	include	VERB
fsr-3722	16	17	such	such	ADJ
fsr-3722	16	18	topics	topic	NOUN
fsr-3722	16	19	as	as	ADP
fsr-3722	16	20	structuring	structure	VERB
fsr-3722	16	21	bond	bond	NOUN
fsr-3722	16	22	issues	issue	NOUN
fsr-3722	16	23	(	(	PUNCT
fsr-3722	16	24	cohen	cohen	PROPN
fsr-3722	16	25	&	&	CCONJ
fsr-3722	16	26	hammer	hammer	PROPN
fsr-3722	16	27	,	,	PUNCT
fsr-3722	16	28	1966	1966	NUM
fsr-3722	16	29	;	;	PUNCT
fsr-3722	16	30	puelz	puelz	PROPN
fsr-3722	16	31	&	&	CCONJ
fsr-3722	16	32	lee	lee	PROPN
fsr-3722	16	33	,	,	PUNCT
fsr-3722	16	34	1992	1992	NUM
fsr-3722	16	35	)	)	PUNCT
fsr-3722	16	36	;	;	PUNCT
fsr-3722	17	1	insurance	insurance	NOUN
fsr-3722	17	2	and	and	CCONJ
fsr-3722	17	3	signalling	signal	VERB
fsr-3722	17	4	(	(	PUNCT
fsr-3722	17	5	kidwell	kidwell	NOUN
fsr-3722	17	6	,	,	PUNCT
fsr-3722	17	7	sorensen	sorensen	PROPN
fsr-3722	17	8	,	,	PUNCT
fsr-3722	17	9	&	&	CCONJ
fsr-3722	17	10	wachowicz	wachowicz	PROPN
fsr-3722	17	11	,	,	PUNCT
fsr-3722	17	12	1987	1987	NUM
fsr-3722	17	13	;	;	PUNCT
fsr-3722	17	14	hsueh	hsueh	PROPN
fsr-3722	17	15	&	&	CCONJ
fsr-3722	17	16	liu	liu	PROPN
fsr-3722	17	17	,	,	PUNCT
fsr-3722	17	18	1990	1990	NUM
fsr-3722	17	19	;	;	PUNCT
fsr-3722	17	20	puelz	puelz	VERB
fsr-3722	17	21	,	,	PUNCT
fsr-3722	17	22	1991	1991	NUM
fsr-3722	17	23	)	)	PUNCT
fsr-3722	17	24	;	;	PUNCT
fsr-3722	17	25	and	and	CCONJ
fsr-3722	17	26	underwriter	underwriter	NOUN
fsr-3722	17	27	bids	bid	NOUN
fsr-3722	17	28	(	(	PUNCT
fsr-3722	17	29	bierwag	bierwag	NOUN
fsr-3722	17	30	,	,	PUNCT
fsr-3722	17	31	1976	1976	NUM
fsr-3722	17	32	;	;	PUNCT
fsr-3722	17	33	braswell	braswell	PROPN
fsr-3722	17	34	,	,	PUNCT
fsr-3722	17	35	stunners	stunner	NOUN
fsr-3722	17	36	,	,	PUNCT
fsr-3722	17	37	1982	1982	NUM
fsr-3722	17	38	;	;	PUNCT
fsr-3722	17	39	nauss	nauss	NOUN
fsr-3722	17	40	,	,	PUNCT
fsr-3722	17	41	1987	1987	NUM
fsr-3722	17	42	)	)	PUNCT
fsr-3722	17	43	.	.	PUNCT
fsr-3722	18	1	demand	demand	NOUN
fsr-3722	18	2	-	-	PUNCT
fsr-3722	18	3	side	side	NOUN
fsr-3722	18	4	research	research	NOUN
fsr-3722	18	5	has	have	AUX
fsr-3722	18	6	dealt	deal	VERB
fsr-3722	18	7	with	with	ADP
fsr-3722	18	8	topics	topic	NOUN
fsr-3722	18	9	such	such	ADJ
fsr-3722	18	10	as	as	ADP
fsr-3722	18	11	market	market	NOUN
fsr-3722	18	12	segmentation	segmentation	NOUN
fsr-3722	18	13	(	(	PUNCT
fsr-3722	18	14	fischer	fischer	NOUN
fsr-3722	18	15	,	,	PUNCT
fsr-3722	18	16	1980	1980	NUM
fsr-3722	18	17	;	;	PUNCT
fsr-3722	18	18	kidwell	kidwell	PROPN
fsr-3722	18	19	&	&	CCONJ
fsr-3722	18	20	koch	koch	PROPN
fsr-3722	18	21	,	,	PUNCT
fsr-3722	18	22	1983	1983	NUM
fsr-3722	18	23	)	)	PUNCT
fsr-3722	18	24	;	;	PUNCT
fsr-3722	19	1	market	market	NOUN
fsr-3722	19	2	inefficiencies	inefficiency	NOUN
fsr-3722	19	3	(	(	PUNCT
fsr-3722	19	4	speer	speer	NOUN
fsr-3722	19	5	,	,	PUNCT
fsr-3722	19	6	1987	1987	NUM
fsr-3722	19	7	;	;	PUNCT
fsr-3722	19	8	kochin	kochin	PROPN
fsr-3722	19	9	&	&	CCONJ
fsr-3722	19	10	parks	park	NOUN
fsr-3722	19	11	,	,	PUNCT
fsr-3722	19	12	1988	1988	NUM
fsr-3722	19	13	)	)	PUNCT
fsr-3722	19	14	;	;	PUNCT
fsr-3722	19	15	risk	risk	NOUN
fsr-3722	19	16	premiums	premium	NOUN
fsr-3722	19	17	(	(	PUNCT
fsr-3722	19	18	mcinish	mcinish	ADJ
fsr-3722	19	19	,	,	PUNCT
fsr-3722	19	20	1980	1980	NUM
fsr-3722	19	21	;	;	PUNCT
fsr-3722	19	22	gehrlein	gehrlein	NOUN
fsr-3722	19	23	&	&	CCONJ
fsr-3722	19	24	mcinish	mcinish	ADJ
fsr-3722	19	25	,	,	PUNCT
fsr-3722	19	26	1985	1985	NUM
fsr-3722	19	27	)	)	PUNCT
fsr-3722	19	28	;	;	PUNCT
fsr-3722	19	29	and	and	CCONJ
fsr-3722	19	30	the	the	DET
fsr-3722	19	31	portfolio	portfolio	NOUN
fsr-3722	19	32	decision	decision	NOUN
fsr-3722	19	33	relative	relative	ADJ
fsr-3722	19	34	to	to	ADP
fsr-3722	19	35	tax	tax	NOUN
fsr-3722	19	36	-	-	PUNCT
fsr-3722	19	37	exempt	exempt	ADJ
fsr-3722	19	38	bonds	bond	NOUN
fsr-3722	19	39	.	.	PUNCT
fsr-3722	20	1	it	it	PRON
fsr-3722	20	2	is	be	AUX
fsr-3722	20	3	this	this	DET
fsr-3722	20	4	last	last	ADJ
fsr-3722	20	5	topic	topic	NOUN
fsr-3722	20	6	that	that	PRON
fsr-3722	20	7	is	be	AUX
fsr-3722	20	8	addressed	address	VERB
fsr-3722	20	9	in	in	ADP
fsr-3722	20	10	this	this	DET
fsr-3722	20	11	article	article	NOUN
fsr-3722	20	12	.	.	PUNCT
fsr-3722	21	1	several	several	ADJ
fsr-3722	21	2	authors	author	NOUN
fsr-3722	21	3	have	have	AUX
fsr-3722	21	4	written	write	VERB
fsr-3722	21	5	about	about	ADP
fsr-3722	21	6	the	the	DET
fsr-3722	21	7	descriptive	descriptive	ADJ
fsr-3722	21	8	charac	charac	NOUN
fsr-3722	21	9	teristics	teristic	NOUN
fsr-3722	21	10	of	of	ADP
fsr-3722	21	11	private	private	ADJ
fsr-3722	21	12	-	-	PUNCT
fsr-3722	21	13	activity	activity	NOUN
fsr-3722	21	14	bonds	bond	NOUN
fsr-3722	21	15	and	and	CCONJ
fsr-3722	21	16	the	the	DET
fsr-3722	21	17	minimum	minimum	ADJ
fsr-3722	21	18	tax	tax	NOUN
fsr-3722	21	19	(	(	PUNCT
fsr-3722	21	20	petersen	petersen	PROPN
fsr-3722	21	21	,	,	PUNCT
fsr-3722	21	22	1987	1987	NUM
fsr-3722	21	23	,	,	PUNCT
fsr-3722	21	24	1988	1988	NUM
fsr-3722	21	25	;	;	PUNCT
fsr-3722	21	26	aalberts	aalberts	PROPN
fsr-3722	21	27	&	&	CCONJ
fsr-3722	21	28	utley	utley	PROPN
fsr-3722	21	29	,	,	PUNCT
fsr-3722	21	30	1988	1988	NUM
fsr-3722	21	31	;	;	PUNCT
fsr-3722	21	32	brown	brown	ADJ
fsr-3722	21	33	,	,	PUNCT
fsr-3722	21	34	1988	1988	NUM
fsr-3722	21	35	;	;	PUNCT
fsr-3722	21	36	porterba	porterba	NOUN
fsr-3722	21	37	,	,	PUNCT
fsr-3722	21	38	1989	1989	NUM
fsr-3722	21	39	;	;	PUNCT
fsr-3722	21	40	bettner	bettner	NOUN
fsr-3722	21	41	,	,	PUNCT
fsr-3722	21	42	1990	1990	NUM
fsr-3722	21	43	;	;	PUNCT
fsr-3722	21	44	day	day	NOUN
fsr-3722	21	45	,	,	PUNCT
fsr-3722	21	46	1991	1991	NUM
fsr-3722	21	47	)	)	PUNCT
fsr-3722	21	48	.	.	PUNCT
fsr-3722	22	1	however	however	ADV
fsr-3722	22	2	,	,	PUNCT
fsr-3722	22	3	there	there	PRON
fsr-3722	22	4	has	have	AUX
fsr-3722	22	5	been	be	AUX
fsr-3722	22	6	no	no	DET
fsr-3722	22	7	rigorous	rigorous	ADJ
fsr-3722	22	8	analysis	analysis	NOUN
fsr-3722	22	9	of	of	ADP
fsr-3722	22	10	the	the	DET
fsr-3722	22	11	portfolio	portfolio	NOUN
fsr-3722	22	12	decision	decision	NOUN
fsr-3722	22	13	given	give	VERB
fsr-3722	22	14	the	the	DET
fsr-3722	22	15	new	new	ADJ
fsr-3722	22	16	environment	environment	NOUN
fsr-3722	22	17	of	of	ADP
fsr-3722	22	18	post-1986	post-1986	ADJ
fsr-3722	22	19	tax	tax	NOUN
fsr-3722	22	20	reform	reform	NOUN
fsr-3722	22	21	,	,	PUNCT
fsr-3722	22	22	although	although	SCONJ
fsr-3722	22	23	the	the	DET
fsr-3722	22	24	portfolio	portfolio	NOUN
fsr-3722	22	25	decision	decision	NOUN
fsr-3722	22	26	has	have	AUX
fsr-3722	22	27	been	be	AUX
fsr-3722	22	28	addressed	address	VERB
fsr-3722	22	29	in	in	ADP
fsr-3722	22	30	the	the	DET
fsr-3722	22	31	context	context	NOUN
fsr-3722	22	32	of	of	ADP
fsr-3722	22	33	income	income	NOUN
fsr-3722	22	34	certainty	certainty	NOUN
fsr-3722	22	35	(	(	PUNCT
fsr-3722	22	36	puelz	puelz	VERB
fsr-3722	22	37	&	&	CCONJ
fsr-3722	22	38	puelz	puelz	VERB
fsr-3722	22	39	,	,	PUNCT
fsr-3722	22	40	1991	1991	NUM
fsr-3722	22	41	)	)	PUNCT
fsr-3722	22	42	.	.	PUNCT
fsr-3722	23	1	this	this	DET
fsr-3722	23	2	article	article	NOUN
fsr-3722	23	3	provides	provide	VERB
fsr-3722	23	4	a	a	DET
fsr-3722	23	5	more	more	ADV
fsr-3722	23	6	general	general	ADJ
fsr-3722	23	7	approach	approach	NOUN
fsr-3722	23	8	by	by	ADP
fsr-3722	23	9	examining	examine	VERB
fsr-3722	23	10	individual	individual	ADJ
fsr-3722	23	11	decision	decision	NOUN
fsr-3722	23	12	-	-	PUNCT
fsr-3722	23	13	making	making	NOUN
fsr-3722	23	14	under	under	ADP
fsr-3722	23	15	uncertain	uncertain	ADJ
fsr-3722	23	16	income	income	NOUN
fsr-3722	23	17	and	and	CCONJ
fsr-3722	23	18	uncertain	uncertain	ADJ
fsr-3722	23	19	after	after	ADP
fsr-3722	23	20	-	-	PUNCT
fsr-3722	23	21	tax	tax	NOUN
fsr-3722	23	22	retums.3	retums.3	PROPN
fsr-3722	23	23	the	the	DET
fsr-3722	23	24	institutional	institutional	ADJ
fsr-3722	23	25	literature	literature	NOUN
fsr-3722	23	26	addressing	address	VERB
fsr-3722	23	27	the	the	DET
fsr-3722	23	28	allocation	allocation	NOUN
fsr-3722	23	29	of	of	ADP
fsr-3722	23	30	private	private	ADJ
fsr-3722	23	31	-	-	PUNCT
fsr-3722	23	32	activity	activity	NOUN
fsr-3722	23	33	bonds	bond	NOUN
fsr-3722	23	34	to	to	ADP
fsr-3722	23	35	a	a	DET
fsr-3722	23	36	portfolio	portfolio	NOUN
fsr-3722	23	37	suggests	suggest	VERB
fsr-3722	23	38	that	that	SCONJ
fsr-3722	23	39	an	an	DET
fsr-3722	23	40	individual	individual	NOUN
fsr-3722	23	41	who	who	PRON
fsr-3722	23	42	is	be	AUX
fsr-3722	23	43	uncertain	uncertain	ADJ
fsr-3722	23	44	as	as	SCONJ
fsr-3722	23	45	to	to	ADP
fsr-3722	23	46	their	their	PRON
fsr-3722	23	47	tax	tax	NOUN
fsr-3722	23	48	status	status	NOUN
fsr-3722	23	49	should	should	AUX
fsr-3722	23	50	reduce	reduce	VERB
fsr-3722	23	51	or	or	CCONJ
fsr-3722	23	52	eliminate	eliminate	VERB
fsr-3722	23	53	their	their	PRON
fsr-3722	23	54	holdings	holding	NOUN
fsr-3722	23	55	of	of	ADP
fsr-3722	23	56	private	private	ADJ
fsr-3722	23	57	-	-	PUNCT
fsr-3722	23	58	activity	activity	NOUN
fsr-3722	23	59	bonds	bond	NOUN
fsr-3722	23	60	to	to	PART
fsr-3722	23	61	avoid	avoid	VERB
fsr-3722	23	62	triggering	trigger	VERB
fsr-3722	23	63	the	the	DET
fsr-3722	23	64	minimum	minimum	ADJ
fsr-3722	23	65	tax	tax	NOUN
fsr-3722	23	66	(	(	PUNCT
fsr-3722	23	67	brown	brown	ADJ
fsr-3722	23	68	,	,	PUNCT
fsr-3722	23	69	1988	1988	NUM
fsr-3722	23	70	;	;	PUNCT
fsr-3722	23	71	bettner	bettner	NOUN
fsr-3722	23	72	,	,	PUNCT
fsr-3722	23	73	1990	1990	NUM
fsr-3722	23	74	;	;	PUNCT
fsr-3722	23	75	hoffman	hoffman	NOUN
fsr-3722	23	76	,	,	PUNCT
fsr-3722	23	77	smith	smith	PROPN
fsr-3722	23	78	,	,	PUNCT
fsr-3722	23	79	willis	willis	PROPN
fsr-3722	23	80	,	,	PUNCT
fsr-3722	23	81	&	&	CCONJ
fsr-3722	23	82	raabe	raabe	PROPN
fsr-3722	23	83	,	,	PUNCT
fsr-3722	23	84	1991	1991	NUM
fsr-3722	23	85	)	)	PUNCT
fsr-3722	23	86	.	.	PUNCT
fsr-3722	24	1	the	the	DET
fsr-3722	24	2	results	result	NOUN
fsr-3722	24	3	in	in	ADP
fsr-3722	24	4	this	this	DET
fsr-3722	24	5	article	article	NOUN
fsr-3722	24	6	show	show	NOUN
fsr-3722	24	7	,	,	PUNCT
fsr-3722	24	8	contrary	contrary	ADV
fsr-3722	24	9	to	to	ADP
fsr-3722	24	10	the	the	DET
fsr-3722	24	11	conventional	conventional	ADJ
fsr-3722	24	12	wisdom	wisdom	NOUN
fsr-3722	24	13	,	,	PUNCT
fsr-3722	24	14	that	that	SCONJ
fsr-3722	24	15	in	in	ADP
fsr-3722	24	16	many	many	ADJ
fsr-3722	24	17	cases	case	NOUN
fsr-3722	24	18	a	a	DET
fsr-3722	24	19	risk	risk	NOUN
fsr-3722	24	20	-	-	PUNCT
fsr-3722	24	21	averse	averse	ADJ
fsr-3722	24	22	individual	individual	NOUN
fsr-3722	24	23	will	will	AUX
fsr-3722	24	24	maximize	maximize	VERB
fsr-3722	24	25	the	the	DET
fsr-3722	24	26	expected	expect	VERB
fsr-3722	24	27	utility	utility	NOUN
fsr-3722	24	28	of	of	ADP
fsr-3722	24	29	after	after	ADP
fsr-3722	24	30	-	-	PUNCT
fsr-3722	24	31	tax	tax	NOUN
fsr-3722	24	32	income	income	NOUN
fsr-3722	24	33	by	by	ADP
fsr-3722	24	34	holding	hold	VERB
fsr-3722	24	35	private	private	ADJ
fsr-3722	24	36	-	-	PUNCT
fsr-3722	24	37	activity	activity	NOUN
fsr-3722	24	38	bonds	bond	NOUN
fsr-3722	24	39	in	in	ADP
fsr-3722	24	40	their	their	PRON
fsr-3722	24	41	portfolio	portfolio	NOUN
fsr-3722	24	42	even	even	ADV
fsr-3722	24	43	under	under	ADP
fsr-3722	24	44	income	income	NOUN
fsr-3722	24	45	uncertainty	uncertainty	NOUN
fsr-3722	24	46	and	and	CCONJ
fsr-3722	24	47	the	the	DET
fsr-3722	24	48	risk	risk	NOUN
fsr-3722	24	49	of	of	ADP
fsr-3722	24	50	a	a	DET
fsr-3722	24	51	minimum	minimum	ADJ
fsr-3722	24	52	tax	tax	NOUN
fsr-3722	24	53	liability	liability	NOUN
fsr-3722	24	54	.	.	PUNCT
fsr-3722	25	1	through	through	ADP
fsr-3722	25	2	a	a	DET
fsr-3722	25	3	simulation	simulation	NOUN
fsr-3722	25	4	procedure	procedure	NOUN
fsr-3722	25	5	,	,	PUNCT
fsr-3722	25	6	those	those	DET
fsr-3722	25	7	individuals	individual	NOUN
fsr-3722	25	8	who	who	PRON
fsr-3722	25	9	would	would	AUX
fsr-3722	25	10	benefit	benefit	VERB
fsr-3722	25	11	from	from	ADP
fsr-3722	25	12	holding	hold	VERB
fsr-3722	25	13	private	private	ADJ
fsr-3722	25	14	-	-	PUNCT
fsr-3722	25	15	activity	activity	NOUN
fsr-3722	25	16	bonds	bond	NOUN
fsr-3722	25	17	in	in	ADP
fsr-3722	25	18	a	a	DET
fsr-3722	25	19	tax	tax	NOUN
fsr-3722	25	20	-	-	PUNCT
fsr-3722	25	21	exempt	exempt	ADJ
fsr-3722	25	22	portfolio	portfolio	NOUN
fsr-3722	25	23	are	be	AUX
fsr-3722	25	24	identified	identify	VERB
fsr-3722	25	25	and	and	CCONJ
fsr-3722	25	26	the	the	DET
fsr-3722	25	27	magnitude	magnitude	NOUN
fsr-3722	25	28	of	of	ADP
fsr-3722	25	29	the	the	DET
fsr-3722	25	30	benefit	benefit	NOUN
fsr-3722	25	31	quantified	quantify	VERB
fsr-3722	25	32	.	.	PUNCT
fsr-3722	26	1	in	in	ADP
fsr-3722	26	2	the	the	DET
fsr-3722	26	3	next	next	ADJ
fsr-3722	26	4	section	section	NOUN
fsr-3722	26	5	of	of	ADP
fsr-3722	26	6	the	the	DET
fsr-3722	26	7	article	article	NOUN
fsr-3722	26	8	the	the	DET
fsr-3722	26	9	model	model	NOUN
fsr-3722	26	10	of	of	ADP
fsr-3722	26	11	individual	individual	ADJ
fsr-3722	26	12	portfolio	portfolio	NOUN
fsr-3722	26	13	choice	choice	NOUN
fsr-3722	26	14	is	be	AUX
fsr-3722	26	15	developed	develop	VERB
fsr-3722	26	16	.	.	PUNCT
fsr-3722	27	1	this	this	PRON
fsr-3722	27	2	is	be	AUX
fsr-3722	27	3	followed	follow	VERB
fsr-3722	27	4	by	by	ADP
fsr-3722	27	5	a	a	DET
fsr-3722	27	6	comparison	comparison	NOUN
fsr-3722	27	7	of	of	ADP
fsr-3722	27	8	the	the	DET
fsr-3722	27	9	utility	utility	NOUN
fsr-3722	27	10	maximizing	maximize	VERB
fsr-3722	27	11	portfolio	portfolio	NOUN
fsr-3722	27	12	allocation	allocation	NOUN
fsr-3722	27	13	derived	derive	VERB
fsr-3722	27	14	from	from	ADP
fsr-3722	27	15	the	the	DET
fsr-3722	27	16	model	model	NOUN
fsr-3722	27	17	presented	present	VERB
fsr-3722	27	18	in	in	ADP
fsr-3722	27	19	this	this	DET
fsr-3722	27	20	article	article	NOUN
fsr-3722	27	21	and	and	CCONJ
fsr-3722	27	22	the	the	DET
fsr-3722	27	23	naive	naive	ADJ
fsr-3722	27	24	portfolio	portfolio	NOUN
fsr-3722	27	25	allocation	allocation	NOUN
fsr-3722	27	26	of	of	ADP
fsr-3722	27	27	100	100	NUM
fsr-3722	27	28	%	%	NOUN
fsr-3722	27	29	to	to	ADP
fsr-3722	27	30	essential	essential	ADJ
fsr-3722	27	31	-	-	PUNCT
fsr-3722	27	32	purpose	purpose	NOUN
fsr-3722	27	33	bonds	bond	NOUN
fsr-3722	27	34	for	for	ADP
fsr-3722	27	35	different	different	ADJ
fsr-3722	27	36	individual	individual	ADJ
fsr-3722	27	37	and	and	CCONJ
fsr-3722	27	38	market	market	NOUN
fsr-3722	27	39	charac	charac	NOUN
fsr-3722	27	40	teristics	teristic	NOUN
fsr-3722	27	41	.	.	PUNCT
fsr-3722	28	1	finally	finally	ADV
fsr-3722	28	2	,	,	PUNCT
fsr-3722	28	3	the	the	DET
fsr-3722	28	4	relationship	relationship	NOUN
fsr-3722	28	5	between	between	ADP
fsr-3722	28	6	income	income	NOUN
fsr-3722	28	7	uncertainty	uncertainty	NOUN
fsr-3722	28	8	and	and	CCONJ
fsr-3722	28	9	optimal	optimal	ADJ
fsr-3722	28	10	portfolio	portfolio	NOUN
fsr-3722	28	11	allocation	allocation	NOUN
fsr-3722	28	12	is	be	AUX
fsr-3722	28	13	explored	explore	VERB
fsr-3722	28	14	for	for	ADP
fsr-3722	28	15	different	different	ADJ
fsr-3722	28	16	income	income	NOUN
fsr-3722	28	17	levels	level	NOUN
fsr-3722	28	18	,	,	PUNCT
fsr-3722	28	19	bond	bond	NOUN
fsr-3722	28	20	yield	yield	NOUN
fsr-3722	28	21	differentials	differential	NOUN
fsr-3722	28	22	,	,	PUNCT
fsr-3722	28	23	and	and	CCONJ
fsr-3722	28	24	portfolio	portfolio	NOUN
fsr-3722	28	25	sizes	size	NOUN
fsr-3722	28	26	.	.	PUNCT
fsr-3722	29	1	themodel	themodel	NOUN
fsr-3722	29	2	as	as	ADP
fsr-3722	29	3	a	a	DET
fsr-3722	29	4	starting	starting	NOUN
fsr-3722	29	5	point	point	NOUN
fsr-3722	29	6	consider	consider	VERB
fsr-3722	29	7	the	the	DET
fsr-3722	29	8	simple	simple	ADJ
fsr-3722	29	9	case	case	NOUN
fsr-3722	29	10	of	of	ADP
fsr-3722	29	11	an	an	DET
fsr-3722	29	12	individual	individual	NOUN
fsr-3722	29	13	with	with	ADP
fsr-3722	29	14	certain	certain	ADJ
fsr-3722	29	15	income	income	NOUN
fsr-3722	29	16	who	who	PRON
fsr-3722	29	17	wants	want	VERB
fsr-3722	29	18	to	to	PART
fsr-3722	29	19	select	select	VERB
fsr-3722	29	20	the	the	DET
fsr-3722	29	21	bond	bond	NOUN
fsr-3722	29	22	portfolio	portfolio	NOUN
fsr-3722	29	23	that	that	PRON
fsr-3722	29	24	maximizes	maximize	VERB
fsr-3722	29	25	after	after	ADP
fsr-3722	29	26	-	-	PUNCT
fsr-3722	29	27	tax	tax	NOUN
fsr-3722	29	28	income	income	NOUN
fsr-3722	29	29	.	.	PUNCT
fsr-3722	30	1	the	the	DET
fsr-3722	30	2	decision	decision	NOUN
fsr-3722	30	3	considered	consider	VERB
fsr-3722	30	4	is	be	AUX
fsr-3722	30	5	the	the	DET
fsr-3722	30	6	proportion	proportion	NOUN
fsr-3722	30	7	of	of	ADP
fsr-3722	30	8	investable	investable	ADJ
fsr-3722	30	9	wealth	wealth	NOUN
fsr-3722	30	10	to	to	PART
fsr-3722	30	11	allocate	allocate	VERB
fsr-3722	30	12	to	to	ADP
fsr-3722	30	13	private	private	ADJ
fsr-3722	30	14	activity	activity	NOUN
fsr-3722	30	15	bonds	bond	NOUN
fsr-3722	30	16	,	,	PUNCT
fsr-3722	30	17	with	with	ADP
fsr-3722	30	18	the	the	DET
fsr-3722	30	19	remainder	remainder	NOUN
fsr-3722	30	20	of	of	ADP
fsr-3722	30	21	investable	investable	ADJ
fsr-3722	30	22	wealth	wealth	NOUN
fsr-3722	30	23	allocated	allocate	VERB
fsr-3722	30	24	to	to	ADP
fsr-3722	30	25	essential	essential	ADJ
fsr-3722	30	26	-	-	PUNCT
fsr-3722	30	27	pur	pur	NOUN
fsr-3722	30	28	individd	individd	ADJ
fsr-3722	30	29	tax	tax	NOUN
fsr-3722	30	30	-	-	PUNCT
fsr-3722	30	31	exempt	exempt	ADJ
fsr-3722	30	32	bond	bond	NOUN
fsr-3722	30	33	p@iiilia	p@iiilia	PROPN
fsr-3722	30	34	61	61	NUM
fsr-3722	30	35	pose	pose	NOUN
fsr-3722	30	36	bonds	bond	NOUN
fsr-3722	30	37	.	.	PUNCT
fsr-3722	31	1	to	to	PART
fsr-3722	31	2	facilitate	facilitate	VERB
fsr-3722	31	3	the	the	DET
fsr-3722	31	4	comp	comp	NOUN
fsr-3722	31	5	~	~	SYM
fsr-3722	31	6	son	son	NOUN
fsr-3722	31	7	,	,	PUNCT
fsr-3722	31	8	the	the	DET
fsr-3722	31	9	bonds	bond	NOUN
fsr-3722	31	10	mature	mature	VERB
fsr-3722	31	11	in	in	ADP
fsr-3722	31	12	one	one	NUM
fsr-3722	31	13	time	time	NOUN
fsr-3722	31	14	period	period	NOUN
fsr-3722	31	15	,	,	PUNCT
fsr-3722	31	16	are	be	AUX
fsr-3722	31	17	not	not	PART
fsr-3722	31	18	sold	sell	VERB
fsr-3722	31	19	short	short	ADJ
fsr-3722	31	20	,	,	PUNCT
fsr-3722	31	21	and	and	CCONJ
fsr-3722	31	22	in	in	ADP
fsr-3722	31	23	all	all	DET
fsr-3722	31	24	other	other	ADJ
fsr-3722	31	25	aspects	aspect	NOUN
fsr-3722	31	26	are	be	AUX
fsr-3722	31	27	identical	identical	ADJ
fsr-3722	31	28	except	except	SCONJ
fsr-3722	31	29	for	for	ADP
fsr-3722	31	30	their	their	PRON
fsr-3722	31	31	tax	tax	NOUN
fsr-3722	31	32	treatment	treatment	NOUN
fsr-3722	31	33	and	and	CCONJ
fsr-3722	31	34	yields.4	yields.4	NUM
fsr-3722	31	35	the	the	DET
fsr-3722	31	36	allocation	allocation	NOUN
fsr-3722	31	37	in	in	ADP
fsr-3722	31	38	the	the	DET
fsr-3722	31	39	certain	certain	ADJ
fsr-3722	31	40	income	income	NOUN
fsr-3722	31	41	case	case	NOUN
fsr-3722	31	42	is	be	AUX
fsr-3722	31	43	straight	straight	ADV
fsr-3722	31	44	forward	forward	ADV
fsr-3722	31	45	.	.	PUNCT
fsr-3722	32	1	an	an	DET
fsr-3722	32	2	individual	individual	NOUN
fsr-3722	32	3	who	who	PRON
fsr-3722	32	4	is	be	AUX
fsr-3722	32	5	not	not	PART
fsr-3722	32	6	subject	subject	ADJ
fsr-3722	32	7	to	to	ADP
fsr-3722	32	8	the	the	DET
fsr-3722	32	9	minimum	minimum	ADJ
fsr-3722	32	10	tax	tax	NOUN
fsr-3722	32	11	will	will	AUX
fsr-3722	32	12	allocate	allocate	VERB
fsr-3722	32	13	100	100	NUM
fsr-3722	32	14	%	%	NOUN
fsr-3722	32	15	to	to	ADP
fsr-3722	32	16	private	private	ADJ
fsr-3722	32	17	-	-	PUNCT
fsr-3722	32	18	ac	ac	NOUN
fsr-3722	32	19	tivity	tivity	NOUN
fsr-3722	32	20	bonds	bond	NOUN
fsr-3722	32	21	because	because	SCONJ
fsr-3722	32	22	of	of	ADP
fsr-3722	32	23	their	their	PRON
fsr-3722	32	24	associated	associate	VERB
fsr-3722	32	25	higher	high	ADJ
fsr-3722	32	26	yields	yield	NOUN
fsr-3722	32	27	.	.	PUNCT
fsr-3722	33	1	an	an	DET
fsr-3722	33	2	individual	individual	NOUN
fsr-3722	33	3	who	who	PRON
fsr-3722	33	4	is	be	AUX
fsr-3722	33	5	subject	subject	ADJ
fsr-3722	33	6	to	to	ADP
fsr-3722	33	7	the	the	DET
fsr-3722	33	8	minimum	minimum	ADJ
fsr-3722	33	9	tax	tax	NOUN
fsr-3722	33	10	because	because	SCONJ
fsr-3722	33	11	of	of	ADP
fsr-3722	33	12	preference	preference	NOUN
fsr-3722	33	13	income	income	NOUN
fsr-3722	33	14	(	(	PUNCT
fsr-3722	33	15	other	other	ADJ
fsr-3722	33	16	than	than	ADP
fsr-3722	33	17	private	private	ADJ
fsr-3722	33	18	-	-	PUNCT
fsr-3722	33	19	activity	activity	NOUN
fsr-3722	33	20	bond	bond	NOUN
fsr-3722	33	21	income	income	NOUN
fsr-3722	33	22	)	)	PUNCT
fsr-3722	33	23	or	or	CCONJ
fsr-3722	33	24	adjustments	adjustment	NOUN
fsr-3722	33	25	will	will	AUX
fsr-3722	33	26	allocate	allocate	VERB
fsr-3722	33	27	100	100	NUM
fsr-3722	33	28	%	%	NOUN
fsr-3722	33	29	to	to	ADP
fsr-3722	33	30	essential	essential	ADJ
fsr-3722	33	31	-	-	PUNCT
fsr-3722	33	32	purpose	purpose	NOUN
fsr-3722	33	33	bonds.5	bonds.5	NOUN
fsr-3722	33	34	however	however	ADV
fsr-3722	33	35	,	,	PUNCT
fsr-3722	33	36	an	an	DET
fsr-3722	33	37	individual	individual	NOUN
fsr-3722	33	38	whose	whose	DET
fsr-3722	33	39	preference	preference	NOUN
fsr-3722	33	40	income	income	NOUN
fsr-3722	33	41	earned	earn	VERB
fsr-3722	33	42	on	on	ADP
fsr-3722	33	43	private	private	ADJ
fsr-3722	33	44	-	-	PUNCT
fsr-3722	33	45	activity	activity	NOUN
fsr-3722	33	46	bonds	bond	NOUN
fsr-3722	33	47	could	could	AUX
fsr-3722	33	48	trigger	trigger	VERB
fsr-3722	33	49	a	a	DET
fsr-3722	33	50	minimum	minimum	ADJ
fsr-3722	33	51	tax	tax	NOUN
fsr-3722	33	52	liability	liability	NOUN
fsr-3722	33	53	will	will	AUX
fsr-3722	33	54	allocate	allocate	VERB
fsr-3722	33	55	a	a	DET
fsr-3722	33	56	proportion	proportion	NOUN
fsr-3722	33	57	to	to	ADP
fsr-3722	33	58	private	private	ADJ
fsr-3722	33	59	-	-	PUNCT
fsr-3722	33	60	activity	activity	NOUN
fsr-3722	33	61	bonds	bond	NOUN
fsr-3722	33	62	such	such	ADJ
fsr-3722	33	63	that	that	SCONJ
fsr-3722	33	64	the	the	DET
fsr-3722	33	65	minimum	minimum	ADJ
fsr-3722	33	66	tax	tax	NOUN
fsr-3722	33	67	liability	liability	NOUN
fsr-3722	33	68	equals	equal	VERB
fsr-3722	33	69	the	the	DET
fsr-3722	33	70	regular	regular	ADJ
fsr-3722	33	71	tax	tax	NOUN
fsr-3722	33	72	liability.6	liability.6	SCONJ
fsr-3722	33	73	now	now	ADV
fsr-3722	33	74	consider	consider	VERB
fsr-3722	33	75	a	a	DET
fsr-3722	33	76	more	more	ADV
fsr-3722	33	77	general	general	ADJ
fsr-3722	33	78	model	model	NOUN
fsr-3722	33	79	that	that	PRON
fsr-3722	33	80	specifies	specify	VERB
fsr-3722	33	81	an	an	DET
fsr-3722	33	82	individu	individu	NOUN
fsr-3722	33	83	~	~	SYM
fsr-3722	33	84	s	s	X
fsr-3722	33	85	~~e~~n	~~e~~n	NOUN
fsr-3722	33	86	after	after	ADP
fsr-3722	33	87	-	-	PUNCT
fsr-3722	33	88	tax	tax	NOUN
fsr-3722	33	89	income	income	NOUN
fsr-3722	33	90	,	,	PUNCT
fsr-3722	33	91	2	2	NUM
fsr-3722	33	92	,	,	PUNCT
fsr-3722	33	93	a	a	DET
fsr-3722	33	94	fiction	fiction	NOUN
fsr-3722	33	95	of	of	ADP
fsr-3722	33	96	ocean	ocean	PROPN
fsr-3722	33	97	pre	pre	ADJ
fsr-3722	33	98	-	-	ADJ
fsr-3722	33	99	tax	tax	ADJ
fsr-3722	33	100	income	income	NOUN
fsr-3722	33	101	and	and	CCONJ
fsr-3722	33	102	uncertain	uncertain	ADJ
fsr-3722	33	103	tax	tax	NOUN
fsr-3722	33	104	liability	liability	NOUN
fsr-3722	33	105	,	,	PUNCT
fsr-3722	33	106	as	as	ADP
fsr-3722	33	107	where	where	SCONJ
fsr-3722	33	108	,	,	PUNCT
fsr-3722	33	109	iv=	iv=	PROPN
fsr-3722	33	110	cy.=	cy.=	PROPN
fsr-3722	33	111	l	l	PROPN
fsr-3722	33	112	-	-	ADJ
fsr-3722	33	113	a=	a=	ADJ
fsr-3722	33	114	b=	b=	NOUN
fsr-3722	33	115	r	r	NOUN
fsr-3722	33	116	,	,	PUNCT
fsr-3722	33	117	=	=	SYM
fsr-3722	33	118	rp	rp	NOUN
fsr-3722	33	119	=	=	SYM
fsr-3722	33	120	t	t	PROPN
fsr-3722	33	121	,	,	PUNCT
fsr-3722	33	122	=	=	SYM
fsr-3722	33	123	z{lv	z{lv	PROPN
fsr-3722	33	124	)	)	PUNCT
fsr-3722	34	1	=	=	PUNCT
fsr-3722	35	1	%	%	INTJ
fsr-3722	35	2	m	m	NOUN
fsr-3722	35	3	=	=	NOUN
fsr-3722	36	1	%	%	INTJ
fsr-3722	36	2	m	m	NOUN
fsr-3722	36	3	=	=	NOUN
fsr-3722	36	4	p	p	ADJ
fsr-3722	36	5	’	'	PUNCT
fsr-3722	36	6	uncertain	uncertain	ADJ
fsr-3722	36	7	regular	regular	ADJ
fsr-3722	36	8	taxable	taxable	ADJ
fsr-3722	36	9	adjusted	adjust	VERB
fsr-3722	36	10	gross	gross	ADJ
fsr-3722	36	11	income	income	NOUN
fsr-3722	36	12	(	(	PUNCT
fsr-3722	36	13	dollars	dollar	NOUN
fsr-3722	36	14	)	)	PUNCT
fsr-3722	36	15	,	,	PUNCT
fsr-3722	36	16	propo	propo	NOUN
fsr-3722	36	17	~	~	SYM
fsr-3722	36	18	ion	ion	NOUN
fsr-3722	36	19	of	of	ADP
fsr-3722	36	20	the	the	DET
fsr-3722	36	21	tax	tax	NOUN
fsr-3722	36	22	-	-	PUNCT
fsr-3722	36	23	exempt	exempt	ADJ
fsr-3722	36	24	portfolio	portfolio	NOUN
fsr-3722	36	25	allocated	allocate	VERB
fsr-3722	36	26	to	to	ADP
fsr-3722	36	27	p	p	PRON
fsr-3722	36	28	~	~	PUNCT
fsr-3722	36	29	vate	vate	ADJ
fsr-3722	36	30	-	-	PUNCT
fsr-3722	36	31	activity	activity	NOUN
fsr-3722	36	32	bonds	bond	NOUN
fsr-3722	36	33	,	,	PUNCT
fsr-3722	36	34	proportion	proportion	NOUN
fsr-3722	36	35	of	of	ADP
fsr-3722	36	36	the	the	DET
fsr-3722	36	37	tax	tax	NOUN
fsr-3722	36	38	-	-	PUNCT
fsr-3722	36	39	exempt	exempt	ADJ
fsr-3722	36	40	portfolio	portfolio	NOUN
fsr-3722	36	41	allocated	allocate	VERB
fsr-3722	36	42	to	to	ADP
fsr-3722	36	43	essential	essential	ADJ
fsr-3722	36	44	-	-	PUNCT
fsr-3722	36	45	purpose	purpose	NOUN
fsr-3722	36	46	bonds	bond	NOUN
fsr-3722	36	47	,	,	PUNCT
fsr-3722	36	48	wealth	wealth	NOUN
fsr-3722	36	49	allocated	allocate	VERB
fsr-3722	36	50	to	to	ADP
fsr-3722	36	51	tax	tax	NOUN
fsr-3722	36	52	-	-	PUNCT
fsr-3722	36	53	exempt	exempt	ADJ
fsr-3722	36	54	bond	bond	NOUN
fsr-3722	36	55	portfolio	portfolio	NOUN
fsr-3722	36	56	(	(	PUNCT
fsr-3722	36	57	dollars)7	dollars)7	X
fsr-3722	36	58	,	,	PUNCT
fsr-3722	36	59	yield	yield	VERB
fsr-3722	36	60	on	on	ADP
fsr-3722	36	61	essential	essential	ADJ
fsr-3722	36	62	-	-	PUNCT
fsr-3722	36	63	purpose	purpose	NOUN
fsr-3722	36	64	bonds	bond	NOUN
fsr-3722	36	65	,	,	PUNCT
fsr-3722	36	66	yield	yield	VERB
fsr-3722	36	67	on	on	ADP
fsr-3722	36	68	private	private	ADJ
fsr-3722	36	69	-	-	PUNCT
fsr-3722	36	70	activity	activity	NOUN
fsr-3722	36	71	bonds	bond	NOUN
fsr-3722	36	72	,	,	PUNCT
fsr-3722	36	73	alternative	alternative	ADJ
fsr-3722	36	74	minimum	minimum	ADJ
fsr-3722	36	75	tax	tax	NOUN
fsr-3722	36	76	rate	rate	NOUN
fsr-3722	36	77	,	,	PUNCT
fsr-3722	36	78	regular	regular	ADJ
fsr-3722	36	79	tax	tax	NOUN
fsr-3722	36	80	rate	rate	NOUN
fsr-3722	36	81	(	(	PUNCT
fsr-3722	36	82	a	a	DET
fsr-3722	36	83	function	function	NOUN
fsr-3722	36	84	of	of	ADP
fsr-3722	36	85	es	es	NOUN
fsr-3722	36	86	)	)	PUNCT
fsr-3722	36	87	,	,	PUNCT
fsr-3722	36	88	regular	regular	ADJ
fsr-3722	36	89	taxable	taxable	ADJ
fsr-3722	36	90	income	income	NOUN
fsr-3722	36	91	exemption	exemption	NOUN
fsr-3722	36	92	(	(	PUNCT
fsr-3722	36	93	a	a	DET
fsr-3722	36	94	function	function	NOUN
fsr-3722	36	95	of	of	ADP
fsr-3722	36	96	$	$	SYM
fsr-3722	36	97	j	j	NOUN
fsr-3722	36	98	)	)	PUNCT
fsr-3722	36	99	,	,	PUNCT
fsr-3722	36	100	alternative	alternative	ADJ
fsr-3722	36	101	~nimum	~nimum	NUM
fsr-3722	36	102	taxable	taxable	ADJ
fsr-3722	36	103	income	income	NOUN
fsr-3722	36	104	exemption	exemption	NOUN
fsr-3722	36	105	(	(	PUNCT
fsr-3722	36	106	a	a	DET
fsr-3722	36	107	function	function	NOUN
fsr-3722	36	108	of	of	ADP
fsr-3722	36	109	i$	i$	NOUN
fsr-3722	36	110	,	,	PUNCT
fsr-3722	36	111	proportion	proportion	NOUN
fsr-3722	36	112	of	of	ADP
fsr-3722	36	113	income	income	NOUN
fsr-3722	36	114	from	from	ADP
fsr-3722	36	115	preference	preference	NOUN
fsr-3722	36	116	items	item	NOUN
fsr-3722	36	117	other	other	ADJ
fsr-3722	36	118	that	that	SCONJ
fsr-3722	36	119	p	p	ADP
fsr-3722	36	120	~	~	ADJ
fsr-3722	36	121	vate	vate	ADJ
fsr-3722	36	122	-	-	PUNCT
fsr-3722	36	123	activity	activity	NOUN
fsr-3722	36	124	bonds	bond	NOUN
fsr-3722	36	125	and	and	CCONJ
fsr-3722	36	126	minimum	minimum	ADJ
fsr-3722	36	127	taxable	taxable	ADJ
fsr-3722	36	128	income	income	NOUN
fsr-3722	36	129	adjustments	adjustment	NOUN
fsr-3722	36	130	.	.	PUNCT
fsr-3722	37	1	the	the	DET
fsr-3722	37	2	first	first	ADJ
fsr-3722	37	3	term	term	NOUN
fsr-3722	37	4	,	,	PUNCT
fsr-3722	37	5	fl+	fl+	ADJ
fsr-3722	37	6	(	(	PUNCT
fsr-3722	37	7	1	1	NUM
fsr-3722	37	8	a)bz	a)bz	PROPN
fsr-3722	37	9	?	?	PUNCT
fsr-3722	37	10	,	,	PUNCT
fsr-3722	37	11	+	+	CCONJ
fsr-3722	38	1	abrp	abrp	ADV
fsr-3722	38	2	-t	-t	PUNCT
fsr-3722	38	3	pn	pn	NOUN
fsr-3722	38	4	,	,	PUNCT
fsr-3722	38	5	represents	represent	VERB
fsr-3722	38	6	pre	pre	ADJ
fsr-3722	38	7	-	-	ADJ
fsr-3722	38	8	tax	tax	ADJ
fsr-3722	38	9	income	income	NOUN
fsr-3722	38	10	.	.	PUNCT
fsr-3722	39	1	the	the	DET
fsr-3722	39	2	maxi	maxi	ADJ
fsr-3722	39	3	mand	mand	NOUN
fsr-3722	39	4	function	function	NOUN
fsr-3722	39	5	is	be	AUX
fsr-3722	39	6	the	the	DET
fsr-3722	39	7	tax	tax	NOUN
fsr-3722	39	8	liability	liability	NOUN
fsr-3722	39	9	.	.	PUNCT
fsr-3722	40	1	within	within	ADP
fsr-3722	40	2	this	this	DET
fsr-3722	40	3	maximand	maximand	NOUN
fsr-3722	40	4	an	an	DET
fsr-3722	40	5	individual	individual	NOUN
fsr-3722	40	6	pays	pay	VERB
fsr-3722	40	7	the	the	DET
fsr-3722	40	8	maximum	maximum	NOUN
fsr-3722	40	9	of	of	ADP
fsr-3722	40	10	the	the	DET
fsr-3722	40	11	regular	regular	ADJ
fsr-3722	40	12	tax	tax	NOUN
fsr-3722	40	13	liability	liability	NOUN
fsr-3722	40	14	,	,	PUNCT
fsr-3722	40	15	the	the	DET
fsr-3722	40	16	left	left	ADJ
fsr-3722	40	17	hand	hand	NOUN
fsr-3722	40	18	side	side	NOUN
fsr-3722	40	19	,	,	PUNCT
fsr-3722	40	20	or	or	CCONJ
fsr-3722	40	21	the	the	DET
fsr-3722	40	22	minimum	minimum	ADJ
fsr-3722	40	23	tax	tax	NOUN
fsr-3722	40	24	liability	liability	NOUN
fsr-3722	40	25	,	,	PUNCT
fsr-3722	40	26	the	the	DET
fsr-3722	40	27	right	right	ADJ
fsr-3722	40	28	hand	hand	NOUN
fsr-3722	40	29	side	side	NOUN
fsr-3722	40	30	.	.	PUNCT
fsr-3722	41	1	the	the	DET
fsr-3722	41	2	exemption	exemption	NOUN
fsr-3722	41	3	and	and	CCONJ
fsr-3722	41	4	the	the	DET
fsr-3722	41	5	tax	tax	NOUN
fsr-3722	41	6	functions	function	NOUN
fsr-3722	41	7	are	be	AUX
fsr-3722	41	8	described	describe	VERB
fsr-3722	41	9	in	in	ADP
fsr-3722	41	10	appendix	appendix	ADJ
fsr-3722	41	11	a.	a.	NOUN
fsr-3722	41	12	the	the	DET
fsr-3722	41	13	optimal	optimal	ADJ
fsr-3722	41	14	allocation	allocation	NOUN
fsr-3722	41	15	to	to	ADP
fsr-3722	41	16	private	private	ADJ
fsr-3722	41	17	-	-	PUNCT
fsr-3722	41	18	activity	activity	NOUN
fsr-3722	41	19	bonds	bond	NOUN
fsr-3722	41	20	under	under	ADP
fsr-3722	41	21	income	income	NOUN
fsr-3722	41	22	uncertainty	uncertainty	NOUN
fsr-3722	41	23	is	be	AUX
fsr-3722	41	24	a	a	DET
fsr-3722	41	25	function	function	NOUN
fsr-3722	41	26	of	of	ADP
fsr-3722	41	27	the	the	DET
fsr-3722	41	28	~~ationship	~~ationship	NUM
fsr-3722	41	29	of	of	ADP
fsr-3722	41	30	the	the	DET
fsr-3722	41	31	after	after	ADP
fsr-3722	41	32	-	-	PUNCT
fsr-3722	41	33	tax	tax	NOUN
fsr-3722	41	34	returns	return	NOUN
fsr-3722	41	35	,	,	PUNCT
fsr-3722	41	36	and	and	CCONJ
fsr-3722	41	37	the	the	DET
fsr-3722	41	38	individu~‘s	individu~‘s	NOUN
fsr-3722	41	39	anacin	anacin	PROPN
fsr-3722	41	40	characteristics	characteristic	NOUN
fsr-3722	41	41	and	and	CCONJ
fsr-3722	41	42	risk	risk	NOUN
fsr-3722	41	43	preferences	preference	NOUN
fsr-3722	41	44	.	.	PUNCT
fsr-3722	42	1	an	an	DET
fsr-3722	42	2	expected	expect	VERB
fsr-3722	42	3	utility	utility	NOUN
fsr-3722	42	4	m	m	NOUN
fsr-3722	42	5	~	~	AUX
fsr-3722	42	6	imizing	imize	VERB
fsr-3722	42	7	individu~	individu~	PROPN
fsr-3722	42	8	will	will	AUX
fsr-3722	42	9	62	62	NUM
fsr-3722	42	10	financial	financial	ADJ
fsr-3722	42	11	services	service	NOUN
fsr-3722	42	12	review	review	NOUN
fsr-3722	42	13	,	,	PUNCT
fsr-3722	42	14	3(l	3(l	NUM
fsr-3722	42	15	)	)	PUNCT
fsr-3722	42	16	1993	1993	NUM
fsr-3722	42	17	choose	choose	VERB
fsr-3722	42	18	the	the	DET
fsr-3722	42	19	proportion	proportion	NOUN
fsr-3722	42	20	of	of	ADP
fsr-3722	42	21	the	the	DET
fsr-3722	42	22	portfolio	portfolio	NOUN
fsr-3722	42	23	allocated	allocate	VERB
fsr-3722	42	24	to	to	ADP
fsr-3722	42	25	private	private	ADJ
fsr-3722	42	26	-	-	PUNCT
fsr-3722	42	27	activity	activity	NOUN
fsr-3722	42	28	bonds	bond	NOUN
fsr-3722	42	29	,	,	PUNCT
fsr-3722	42	30	a	a	PRON
fsr-3722	42	31	,	,	PUNCT
fsr-3722	42	32	that	that	PRON
fsr-3722	42	33	satisfies	satisfy	VERB
fsr-3722	42	34	the	the	DET
fsr-3722	42	35	first	first	ADJ
fsr-3722	42	36	-	-	PUNCT
fsr-3722	42	37	order	order	NOUN
fsr-3722	42	38	condition	condition	NOUN
fsr-3722	42	39	z	z	X
fsr-3722	42	40	[	[	PUNCT
fsr-3722	42	41	flx]l	flx]l	PROPN
fsr-3722	42	42	/	/	SYM
fsr-3722	42	43	aa	aa	NOUN
fsr-3722	42	44	=	=	NOUN
fsr-3722	42	45	0	0	X
fsr-3722	42	46	.	.	PUNCT
fsr-3722	43	1	since	since	SCONJ
fsr-3722	43	2	(	(	PUNCT
fsr-3722	43	3	1	1	X
fsr-3722	43	4	)	)	PUNCT
fsr-3722	43	5	is	be	AUX
fsr-3722	43	6	a	a	DET
fsr-3722	43	7	non	non	ADJ
fsr-3722	43	8	-	-	ADJ
fsr-3722	43	9	differentiable	differentiable	ADJ
fsr-3722	43	10	,	,	PUNCT
fsr-3722	43	11	non	non	ADJ
fsr-3722	43	12	-	-	ADJ
fsr-3722	43	13	continuous	continuous	ADJ
fsr-3722	43	14	function	function	NOUN
fsr-3722	43	15	,	,	PUNCT
fsr-3722	43	16	simulation	simulation	NOUN
fsr-3722	43	17	is	be	AUX
fsr-3722	43	18	employed	employ	VERB
fsr-3722	43	19	to	to	PART
fsr-3722	43	20	derive	derive	VERB
fsr-3722	43	21	the	the	DET
fsr-3722	43	22	optimal	optimal	ADJ
fsr-3722	43	23	expected	expect	VERB
fsr-3722	43	24	utility	utility	NOUN
fsr-3722	43	25	maximizing	maximize	VERB
fsr-3722	43	26	allocation	allocation	NOUN
fsr-3722	43	27	to	to	ADP
fsr-3722	43	28	private	private	ADJ
fsr-3722	43	29	-	-	PUNCT
fsr-3722	43	30	activity	activity	NOUN
fsr-3722	43	31	bonds	bond	NOUN
fsr-3722	43	32	,	,	PUNCT
fsr-3722	43	33	a	a	PRON
fsr-3722	43	34	’	'	PUNCT
fsr-3722	43	35	.	.	PUNCT
fsr-3722	44	1	comparative	comparative	ADJ
fsr-3722	44	2	analysis	analysis	NOUN
fsr-3722	44	3	in	in	ADP
fsr-3722	44	4	this	this	DET
fsr-3722	44	5	section	section	NOUN
fsr-3722	44	6	,	,	PUNCT
fsr-3722	44	7	the	the	DET
fsr-3722	44	8	model	model	NOUN
fsr-3722	44	9	derived	derive	VERB
fsr-3722	44	10	in	in	ADP
fsr-3722	44	11	the	the	DET
fsr-3722	44	12	previous	previous	ADJ
fsr-3722	44	13	section	section	NOUN
fsr-3722	44	14	is	be	AUX
fsr-3722	44	15	simulated	simulate	VERB
fsr-3722	44	16	to	to	PART
fsr-3722	44	17	derive	derive	VERB
fsr-3722	44	18	optimal	optimal	ADJ
fsr-3722	44	19	utility	utility	NOUN
fsr-3722	44	20	maximizing	maximize	VERB
fsr-3722	44	21	portfolios	portfolio	NOUN
fsr-3722	44	22	containing	contain	VERB
fsr-3722	44	23	private	private	ADJ
fsr-3722	44	24	-	-	PUNCT
fsr-3722	44	25	activity	activity	NOUN
fsr-3722	44	26	bonds	bond	NOUN
fsr-3722	44	27	and	and	CCONJ
fsr-3722	44	28	essen	essen	VERB
fsr-3722	44	29	tial	tial	ADJ
fsr-3722	44	30	-	-	PUNCT
fsr-3722	44	31	purpose	purpose	NOUN
fsr-3722	44	32	bonds	bond	NOUN
fsr-3722	44	33	.	.	PUNCT
fsr-3722	45	1	model	model	NOUN
fsr-3722	45	2	parameters	parameter	NOUN
fsr-3722	45	3	are	be	AUX
fsr-3722	45	4	varied	varied	ADJ
fsr-3722	45	5	over	over	ADP
fsr-3722	45	6	reasonable	reasonable	ADJ
fsr-3722	45	7	ranges	range	NOUN
fsr-3722	45	8	and	and	CCONJ
fsr-3722	45	9	the	the	DET
fsr-3722	45	10	optimal	optimal	ADJ
fsr-3722	45	11	portfolio	portfolio	NOUN
fsr-3722	45	12	strategies	strategy	NOUN
fsr-3722	45	13	are	be	AUX
fsr-3722	45	14	compared	compare	VERB
fsr-3722	45	15	to	to	ADP
fsr-3722	45	16	naive	naive	ADJ
fsr-3722	45	17	strategies	strategy	NOUN
fsr-3722	45	18	of	of	ADP
fsr-3722	45	19	portfolios	portfolio	NOUN
fsr-3722	45	20	containing	contain	VERB
fsr-3722	45	21	only	only	ADV
fsr-3722	45	22	essential	essential	ADJ
fsr-3722	45	23	-	-	PUNCT
fsr-3722	45	24	purpose	purpose	NOUN
fsr-3722	45	25	bonds	bond	NOUN
fsr-3722	45	26	.	.	PUNCT
fsr-3722	46	1	after	after	ADP
fsr-3722	46	2	-	-	PUNCT
fsr-3722	46	3	tax	tax	NOUN
fsr-3722	46	4	income	income	NOUN
fsr-3722	46	5	for	for	ADP
fsr-3722	46	6	this	this	DET
fsr-3722	46	7	comparative	comparative	ADJ
fsr-3722	46	8	analysis	analysis	NOUN
fsr-3722	46	9	is	be	AUX
fsr-3722	46	10	calculated	calculate	VERB
fsr-3722	46	11	under	under	ADP
fsr-3722	46	12	the	the	DET
fsr-3722	46	13	assumption	assumption	NOUN
fsr-3722	46	14	of	of	ADP
fsr-3722	46	15	joint	joint	ADJ
fsr-3722	46	16	-	-	PUNCT
fsr-3722	46	17	filing	filing	NOUN
fsr-3722	46	18	status	status	NOUN
fsr-3722	46	19	by	by	ADP
fsr-3722	46	20	a	a	DET
fsr-3722	46	21	married	married	ADJ
fsr-3722	46	22	couple	couple	NOUN
fsr-3722	46	23	.	.	PUNCT
fsr-3722	47	1	house	house	PROPN
fsr-3722	47	2	hold	hold	VERB
fsr-3722	47	3	income	income	NOUN
fsr-3722	47	4	,	,	PUNCT
fsr-3722	47	5	for	for	ADP
fsr-3722	47	6	which	which	PRON
fsr-3722	47	7	one	one	NUM
fsr-3722	47	8	individual	individual	ADJ
fsr-3722	47	9	acts	act	VERB
fsr-3722	47	10	as	as	ADP
fsr-3722	47	11	decision	decision	NOUN
fsr-3722	47	12	-	-	PUNCT
fsr-3722	47	13	maker	maker	NOUN
fsr-3722	47	14	,	,	PUNCT
fsr-3722	47	15	is	be	AUX
fsr-3722	47	16	assumed	assume	VERB
fsr-3722	47	17	to	to	PART
fsr-3722	47	18	follow	follow	VERB
fsr-3722	47	19	a	a	DET
fsr-3722	47	20	pareto	pareto	ADJ
fsr-3722	47	21	distribution	distribution	NOUN
fsr-3722	47	22	(	(	PUNCT
fsr-3722	47	23	quandt	quandt	NOUN
fsr-3722	47	24	,	,	PUNCT
fsr-3722	47	25	1966	1966	NUM
fsr-3722	47	26	)	)	PUNCT
fsr-3722	47	27	.	.	PUNCT
fsr-3722	48	1	income	income	NOUN
fsr-3722	48	2	uncertainty	uncertainty	NOUN
fsr-3722	48	3	is	be	AUX
fsr-3722	48	4	measured	measure	VERB
fsr-3722	48	5	by	by	ADP
fsr-3722	48	6	the	the	DET
fsr-3722	48	7	dispersion	dispersion	NOUN
fsr-3722	48	8	factor	factor	NOUN
fsr-3722	48	9	(	(	PUNCT
fsr-3722	48	10	df	df	PROPN
fsr-3722	48	11	)	)	PUNCT
fsr-3722	48	12	.	.	PUNCT
fsr-3722	49	1	income	income	NOUN
fsr-3722	49	2	certainty	certainty	NOUN
fsr-3722	49	3	corresponds	correspond	VERB
fsr-3722	49	4	to	to	ADP
fsr-3722	49	5	a	a	DET
fsr-3722	49	6	df	df	NOUN
fsr-3722	49	7	of	of	ADP
fsr-3722	49	8	one	one	NUM
fsr-3722	49	9	and	and	CCONJ
fsr-3722	49	10	higher	high	ADJ
fsr-3722	49	11	income	income	NOUN
fsr-3722	49	12	uncertainty	uncertainty	NOUN
fsr-3722	49	13	corresponds	correspond	VERB
fsr-3722	49	14	to	to	ADP
fsr-3722	49	15	higher	high	ADJ
fsr-3722	49	16	values	value	NOUN
fsr-3722	49	17	of	of	ADP
fsr-3722	49	18	df.8	df.8	NUM
fsr-3722	49	19	in	in	ADP
fsr-3722	49	20	addition	addition	NOUN
fsr-3722	49	21	,	,	PUNCT
fsr-3722	49	22	risk	risk	NOUN
fsr-3722	49	23	prefer	prefer	NOUN
fsr-3722	49	24	ences	ence	NOUN
fsr-3722	49	25	of	of	ADP
fsr-3722	49	26	the	the	DET
fsr-3722	49	27	individual	individual	ADJ
fsr-3722	49	28	decision	decision	NOUN
fsr-3722	49	29	-	-	PUNCT
fsr-3722	49	30	maker	maker	NOUN
fsr-3722	49	31	are	be	AUX
fsr-3722	49	32	characterized	characterize	VERB
fsr-3722	49	33	by	by	ADP
fsr-3722	49	34	a	a	DET
fsr-3722	49	35	function	function	NOUN
fsr-3722	49	36	displaying	display	VERB
fsr-3722	49	37	decreasing	decrease	VERB
fsr-3722	49	38	absolute	absolute	ADJ
fsr-3722	49	39	risk	risk	NOUN
fsr-3722	49	40	aversion	aversion	NOUN
fsr-3722	49	41	,	,	PUNCT
fsr-3722	49	42	u	u	NOUN
fsr-3722	49	43	{	{	PUNCT
fsr-3722	49	44	x	x	NOUN
fsr-3722	49	45	}	}	PUNCT
fsr-3722	49	46	=	=	SYM
fsr-3722	49	47	log	log	NOUN
fsr-3722	49	48	{	{	PUNCT
fsr-3722	49	49	x	x	NOUN
fsr-3722	49	50	}	}	PUNCT
fsr-3722	49	51	.	.	PUNCT
fsr-3722	50	1	reasonable	reasonable	ADJ
fsr-3722	50	2	ranges	range	NOUN
fsr-3722	50	3	for	for	ADP
fsr-3722	50	4	p	p	NOUN
fsr-3722	50	5	and	and	CCONJ
fsr-3722	50	6	b	b	NOUN
fsr-3722	50	7	were	be	AUX
fsr-3722	50	8	determined	determined	ADJ
fsr-3722	50	9	to	to	PART
fsr-3722	50	10	be	be	AUX
fsr-3722	50	11	from	from	ADP
fsr-3722	50	12	0.15	0.15	NUM
fsr-3722	50	13	to	to	ADP
fsr-3722	50	14	0.25	0.25	NUM
fsr-3722	50	15	and	and	CCONJ
fsr-3722	50	16	from	from	ADP
fsr-3722	50	17	0.5	0.5	NUM
fsr-3722	50	18	to	to	ADP
fsr-3722	50	19	1.5	1.5	NUM
fsr-3722	50	20	respectively	respectively	ADV
fsr-3722	50	21	.	.	PUNCT
fsr-3722	51	1	these	these	DET
fsr-3722	51	2	ranges	range	NOUN
fsr-3722	51	3	are	be	AUX
fsr-3722	51	4	based	base	VERB
fsr-3722	51	5	on	on	ADP
fsr-3722	51	6	alternative	alternative	ADJ
fsr-3722	51	7	minimum	minimum	ADJ
fsr-3722	51	8	tax	tax	NOUN
fsr-3722	51	9	computations	computation	NOUN
fsr-3722	51	10	from	from	ADP
fsr-3722	51	11	sample	sample	NOUN
fsr-3722	51	12	income	income	NOUN
fsr-3722	51	13	tax	tax	NOUN
fsr-3722	51	14	returns	return	NOUN
fsr-3722	51	15	(	(	PUNCT
fsr-3722	51	16	day	day	NOUN
fsr-3722	51	17	,	,	PUNCT
fsr-3722	51	18	1991	1991	NUM
fsr-3722	51	19	,	,	PUNCT
fsr-3722	51	20	p.	p.	NOUN
fsr-3722	51	21	22	22	NUM
fsr-3722	51	22	)	)	PUNCT
fsr-3722	51	23	.	.	PUNCT
fsr-3722	52	1	the	the	DET
fsr-3722	52	2	simulation	simulation	NOUN
fsr-3722	52	3	steps	step	NOUN
fsr-3722	52	4	are	be	AUX
fsr-3722	52	5	presented	present	VERB
fsr-3722	52	6	in	in	ADP
fsr-3722	52	7	detail	detail	NOUN
fsr-3722	52	8	in	in	ADP
fsr-3722	52	9	appendix	appendix	ADJ
fsr-3722	52	10	a.	a.	NOUN
fsr-3722	52	11	in	in	ADP
fsr-3722	52	12	table	table	NOUN
fsr-3722	52	13	1	1	NUM
fsr-3722	52	14	the	the	DET
fsr-3722	52	15	portfolio	portfolio	NOUN
fsr-3722	52	16	decisions	decision	NOUN
fsr-3722	52	17	are	be	AUX
fsr-3722	52	18	listed	list	VERB
fsr-3722	52	19	when	when	SCONJ
fsr-3722	52	20	income	income	NOUN
fsr-3722	52	21	uncertainty	uncertainty	NOUN
fsr-3722	52	22	is	be	AUX
fsr-3722	52	23	relatively	relatively	ADV
fsr-3722	52	24	low	low	ADJ
fsr-3722	52	25	(	(	PUNCT
fsr-3722	52	26	df	df	PROPN
fsr-3722	52	27	is	be	AUX
fsr-3722	52	28	1.05	1.05	NUM
fsr-3722	52	29	)	)	PUNCT
fsr-3722	52	30	.	.	PUNCT
fsr-3722	53	1	the	the	DET
fsr-3722	53	2	first	first	ADJ
fsr-3722	53	3	two	two	NUM
fsr-3722	53	4	columns	column	NOUN
fsr-3722	53	5	of	of	ADP
fsr-3722	53	6	numbers	number	NOUN
fsr-3722	53	7	under	under	ADP
fsr-3722	53	8	each	each	DET
fsr-3722	53	9	income	income	NOUN
fsr-3722	53	10	category	category	NOUN
fsr-3722	53	11	indicate	indicate	VERB
fsr-3722	53	12	the	the	DET
fsr-3722	53	13	expected	expect	VERB
fsr-3722	53	14	utility	utility	NOUN
fsr-3722	53	15	maximizing	maximize	VERB
fsr-3722	53	16	percentage	percentage	NOUN
fsr-3722	53	17	of	of	ADP
fsr-3722	53	18	the	the	DET
fsr-3722	53	19	portfolio	portfolio	NOUN
fsr-3722	53	20	allocated	allocate	VERB
fsr-3722	53	21	to	to	ADP
fsr-3722	53	22	private	private	ADJ
fsr-3722	53	23	-	-	PUNCT
fsr-3722	53	24	activity	activity	NOUN
fsr-3722	53	25	bonds	bond	NOUN
fsr-3722	53	26	.	.	PUNCT
fsr-3722	54	1	the	the	DET
fsr-3722	54	2	next	next	ADJ
fsr-3722	54	3	two	two	NUM
fsr-3722	54	4	columns	column	NOUN
fsr-3722	54	5	of	of	ADP
fsr-3722	54	6	numbers	number	NOUN
fsr-3722	54	7	in	in	ADP
fsr-3722	54	8	each	each	DET
fsr-3722	54	9	income	income	NOUN
fsr-3722	54	10	category	category	NOUN
fsr-3722	54	11	are	be	AUX
fsr-3722	54	12	the	the	DET
fsr-3722	54	13	estimated	estimate	VERB
fsr-3722	54	14	mean	mean	ADJ
fsr-3722	54	15	difference	difference	NOUN
fsr-3722	54	16	between	between	ADP
fsr-3722	54	17	the	the	DET
fsr-3722	54	18	after	after	ADP
fsr-3722	54	19	-	-	PUNCT
fsr-3722	54	20	tax	tax	NOUN
fsr-3722	54	21	income	income	NOUN
fsr-3722	54	22	when	when	SCONJ
fsr-3722	54	23	the	the	DET
fsr-3722	54	24	combined	combined	ADJ
fsr-3722	54	25	utility	utility	NOUN
fsr-3722	54	26	maximizing	maximize	VERB
fsr-3722	54	27	portfolio	portfolio	NOUN
fsr-3722	54	28	is	be	AUX
fsr-3722	54	29	selected	select	VERB
fsr-3722	54	30	(	(	PUNCT
fsr-3722	54	31	i	i	NOUN
fsr-3722	54	32	,	,	PUNCT
fsr-3722	54	33	)	)	PUNCT
fsr-3722	54	34	and	and	CCONJ
fsr-3722	54	35	when	when	SCONJ
fsr-3722	54	36	the	the	DET
fsr-3722	54	37	pure	pure	ADJ
fsr-3722	54	38	essential	essential	ADJ
fsr-3722	54	39	-	-	PUNCT
fsr-3722	54	40	purpose	purpose	NOUN
fsr-3722	54	41	portfolio	portfolio	NOUN
fsr-3722	54	42	is	be	AUX
fsr-3722	54	43	selected	select	VERB
fsr-3722	54	44	(	(	PUNCT
fsr-3722	54	45	i	i	NOUN
fsr-3722	54	46	,	,	PUNCT
fsr-3722	54	47	)	)	PUNCT
fsr-3722	54	48	.	.	PUNCT
fsr-3722	55	1	the	the	DET
fsr-3722	55	2	numbers	number	NOUN
fsr-3722	55	3	not	not	PART
fsr-3722	55	4	in	in	ADP
fsr-3722	55	5	parenthesis	parenthesis	NOUN
fsr-3722	55	6	are	be	AUX
fsr-3722	55	7	those	those	PRON
fsr-3722	55	8	derived	derive	VERB
fsr-3722	55	9	when	when	SCONJ
fsr-3722	55	10	the	the	DET
fsr-3722	55	11	spread	spread	NOUN
fsr-3722	55	12	between	between	ADP
fsr-3722	55	13	private	private	ADJ
fsr-3722	55	14	-	-	PUNCT
fsr-3722	55	15	activity	activity	NOUN
fsr-3722	55	16	and	and	CCONJ
fsr-3722	55	17	essential	essential	ADJ
fsr-3722	55	18	-	-	PUNCT
fsr-3722	55	19	purpose	purpose	NOUN
fsr-3722	55	20	bonds	bond	NOUN
fsr-3722	55	21	is	be	AUX
fsr-3722	55	22	20	20	NUM
fsr-3722	55	23	basis	basis	NOUN
fsr-3722	55	24	points	point	NOUN
fsr-3722	55	25	and	and	CCONJ
fsr-3722	55	26	those	those	DET
fsr-3722	55	27	numbers	number	NOUN
fsr-3722	55	28	in	in	ADP
fsr-3722	55	29	parenthesis	parenthesis	NOUN
fsr-3722	55	30	are	be	AUX
fsr-3722	55	31	for	for	ADP
fsr-3722	55	32	when	when	SCONJ
fsr-3722	55	33	the	the	DET
fsr-3722	55	34	spread	spread	NOUN
fsr-3722	55	35	is	be	AUX
fsr-3722	55	36	70	70	NUM
fsr-3722	55	37	basis	basis	NOUN
fsr-3722	55	38	points	point	NOUN
fsr-3722	55	39	.	.	PUNCT
fsr-3722	55	40	’	'	PUNCT
fsr-3722	56	1	in	in	ADP
fsr-3722	56	2	all	all	DET
fsr-3722	56	3	cases	case	NOUN
fsr-3722	56	4	where	where	SCONJ
fsr-3722	56	5	the	the	DET
fsr-3722	56	6	estimated	estimate	VERB
fsr-3722	56	7	mean	mean	NOUN
fsr-3722	56	8	is	be	AUX
fsr-3722	56	9	reported	report	VERB
fsr-3722	56	10	,	,	PUNCT
fsr-3722	56	11	the	the	DET
fsr-3722	56	12	paired	pair	VERB
fsr-3722	56	13	t	t	NOUN
fsr-3722	56	14	-	-	PUNCT
fsr-3722	56	15	test	test	NOUN
fsr-3722	56	16	of	of	ADP
fsr-3722	56	17	the	the	DET
fsr-3722	56	18	alternative	alternative	ADJ
fsr-3722	56	19	hypothesis	hypothesis	NOUN
fsr-3722	56	20	ha	ha	INTJ
fsr-3722	56	21	:	:	PUNCT
fsr-3722	56	22	z	z	NOUN
fsr-3722	56	23	,	,	PUNCT
fsr-3722	56	24	z	z	PROPN
fsr-3722	56	25	,	,	PUNCT
fsr-3722	56	26	>	>	X
fsr-3722	56	27	0	0	NUM
fsr-3722	56	28	was	be	AUX
fsr-3722	56	29	significant	significant	ADJ
fsr-3722	56	30	at	at	ADP
fsr-3722	56	31	the	the	DET
fsr-3722	56	32	0.001	0.001	NUM
fsr-3722	56	33	level	level	NOUN
fsr-3722	56	34	.	.	PUNCT
fsr-3722	57	1	in	in	ADP
fsr-3722	57	2	almost	almost	ADV
fsr-3722	57	3	all	all	PRON
fsr-3722	57	4	cases	case	NOUN
fsr-3722	57	5	,	,	PUNCT
fsr-3722	57	6	except	except	SCONJ
fsr-3722	57	7	when	when	SCONJ
fsr-3722	57	8	p	p	NOUN
fsr-3722	57	9	and	and	CCONJ
fsr-3722	57	10	b	b	NOUN
fsr-3722	57	11	are	be	AUX
fsr-3722	57	12	both	both	PRON
fsr-3722	57	13	relatively	relatively	ADV
fsr-3722	57	14	high	high	ADJ
fsr-3722	57	15	,	,	PUNCT
fsr-3722	57	16	individuals	individual	NOUN
fsr-3722	57	17	with	with	ADP
fsr-3722	57	18	household	household	NOUN
fsr-3722	57	19	median	median	ADJ
fsr-3722	57	20	income	income	NOUN
fsr-3722	57	21	of	of	ADP
fsr-3722	57	22	$	$	SYM
fsr-3722	57	23	150,000	150,000	NUM
fsr-3722	57	24	allocate	allocate	NOUN
fsr-3722	57	25	close	close	ADV
fsr-3722	57	26	to	to	PART
fsr-3722	57	27	100	100	NUM
fsr-3722	57	28	%	%	NOUN
fsr-3722	57	29	to	to	ADP
fsr-3722	57	30	private	private	ADJ
fsr-3722	57	31	activity	activity	NOUN
fsr-3722	57	32	bonds	bond	NOUN
fsr-3722	57	33	.	.	PUNCT
fsr-3722	58	1	this	this	PRON
fsr-3722	58	2	is	be	AUX
fsr-3722	58	3	because	because	SCONJ
fsr-3722	58	4	the	the	DET
fsr-3722	58	5	risk	risk	NOUN
fsr-3722	58	6	of	of	ADP
fsr-3722	58	7	minimum	minimum	ADJ
fsr-3722	58	8	tax	tax	NOUN
fsr-3722	58	9	is	be	AUX
fsr-3722	58	10	low	low	ADJ
fsr-3722	58	11	and	and	CCONJ
fsr-3722	58	12	therefore	therefore	ADV
fsr-3722	58	13	there	there	PRON
fsr-3722	58	14	is	be	VERB
fsr-3722	58	15	a	a	DET
fsr-3722	58	16	high	high	ADJ
fsr-3722	58	17	likelihood	likelihood	NOUN
fsr-3722	58	18	of	of	ADP
fsr-3722	58	19	realizing	realize	VERB
fsr-3722	58	20	the	the	DET
fsr-3722	58	21	additional	additional	ADJ
fsr-3722	58	22	return	return	NOUN
fsr-3722	58	23	on	on	ADP
fsr-3722	58	24	private	private	ADJ
fsr-3722	58	25	-	-	PUNCT
fsr-3722	58	26	activity	activity	NOUN
fsr-3722	58	27	bonds	bond	NOUN
fsr-3722	58	28	.	.	PUNCT
fsr-3722	59	1	as	as	ADP
fsr-3722	59	2	median	median	ADJ
fsr-3722	59	3	income	income	NOUN
fsr-3722	59	4	increases	increase	NOUN
fsr-3722	59	5	,	,	PUNCT
fsr-3722	59	6	the	the	DET
fsr-3722	59	7	allocation	allocation	NOUN
fsr-3722	59	8	to	to	ADP
fsr-3722	59	9	private	private	ADJ
fsr-3722	59	10	-	-	PUNCT
fsr-3722	59	11	activity	activity	NOUN
fsr-3722	59	12	bonds	bond	NOUN
fsr-3722	59	13	falls	fall	VERB
fsr-3722	59	14	rapidly	rapidly	ADV
fsr-3722	59	15	with	with	ADP
fsr-3722	59	16	increasing	increase	VERB
fsr-3722	59	17	levels	level	NOUN
fsr-3722	59	18	of	of	ADP
fsr-3722	59	19	p	p	NOUN
fsr-3722	59	20	and	and	CCONJ
fsr-3722	59	21	b	b	NOUN
fsr-3722	59	22	because	because	SCONJ
fsr-3722	59	23	of	of	ADP
fsr-3722	59	24	the	the	DET
fsr-3722	59	25	higher	high	ADJ
fsr-3722	59	26	probability	probability	NOUN
fsr-3722	59	27	of	of	ADP
fsr-3722	59	28	a	a	DET
fsr-3722	59	29	minimum	minimum	ADJ
fsr-3722	59	30	tax	tax	NOUN
fsr-3722	59	31	liability	liability	NOUN
fsr-3722	59	32	.	.	PUNCT
fsr-3722	60	1	however	however	ADV
fsr-3722	60	2	,	,	PUNCT
fsr-3722	60	3	when	when	SCONJ
fsr-3722	60	4	p	p	NOUN
fsr-3722	60	5	is	be	AUX
fsr-3722	60	6	20	20	NUM
fsr-3722	60	7	%	%	NOUN
fsr-3722	60	8	or	or	CCONJ
fsr-3722	60	9	less	less	ADJ
fsr-3722	60	10	,	,	PUNCT
fsr-3722	60	11	the	the	DET
fsr-3722	60	12	utility	utility	NOUN
fsr-3722	60	13	maximizing	maximize	VERB
fsr-3722	60	14	portfolio	portfolio	NOUN
fsr-3722	60	15	contains	contain	VERB
fsr-3722	60	16	a	a	DET
fsr-3722	60	17	portion	portion	NOUN
fsr-3722	60	18	of	of	ADP
fsr-3722	60	19	private	private	ADJ
fsr-3722	60	20	-	-	PUNCT
fsr-3722	60	21	activity	activity	NOUN
fsr-3722	60	22	bonds	bond	NOUN
fsr-3722	60	23	.	.	PUNCT
fsr-3722	61	1	in	in	ADP
fsr-3722	61	2	addition	addition	NOUN
fsr-3722	61	3	,	,	PUNCT
fsr-3722	61	4	private	private	ADJ
fsr-3722	61	5	-	-	PUNCT
fsr-3722	61	6	activity	activity	NOUN
fsr-3722	61	7	bonds	bond	NOUN
fsr-3722	61	8	are	be	AUX
fsr-3722	61	9	only	only	ADV
fsr-3722	61	10	eliminated	eliminate	VERB
fsr-3722	61	11	from	from	ADP
fsr-3722	61	12	the	the	DET
fsr-3722	61	13	utility	utility	NOUN
fsr-3722	61	14	maximizing	maximize	VERB
fsr-3722	61	15	portfolio	portfolio	NOUN
fsr-3722	61	16	for	for	ADP
fsr-3722	61	17	median	median	ADJ
fsr-3722	61	18	incomes	income	NOUN
fsr-3722	61	19	and	and	CCONJ
fsr-3722	61	20	p	p	NOUN
fsr-3722	61	21	levels	level	NOUN
fsr-3722	61	22	t	t	VERB
fsr-3722	61	23	a	a	DET
fsr-3722	61	24	b	b	NOUN
fsr-3722	61	25	l	l	NOUN
fsr-3722	61	26	e	e	NOUN
fsr-3722	61	27	1	1	NUM
fsr-3722	61	28	.	.	PUNCT
fsr-3722	61	29	!	!	PUNCT
fsr-3722	61	30	?	?	PUNCT
fsr-3722	62	1	a	a	DET
fsr-3722	62	2	c	c	NOUN
fsr-3722	62	3	om	om	INTJ
fsr-3722	62	4	pa	pa	PROPN
fsr-3722	62	5	ri	ri	PROPN
fsr-3722	63	1	so	so	ADV
fsr-3722	63	2	n	n	PROPN
fsr-3722	63	3	of	of	ADP
fsr-3722	63	4	t	t	NOUN
fsr-3722	64	1	he	he	PRON
fsr-3722	64	2	e	e	PROPN
fsr-3722	64	3	xp	xp	ADV
fsr-3722	64	4	ec	ec	PROPN
fsr-3722	65	1	te	te	PROPN
fsr-3722	65	2	d	d	PROPN
fsr-3722	65	3	a	a	DET
fsr-3722	65	4	ft	ft	INTJ
fsr-3722	65	5	er	er	INTJ
fsr-3722	65	6	-t	-t	NOUN
fsr-3722	65	7	ax	ax	NOUN
fsr-3722	66	1	i	i	PRON
fsr-3722	66	2	nc	nc	VERB
fsr-3722	66	3	om	om	PROPN
fsr-3722	67	1	es	es	ADP
fsr-3722	67	2	o	o	PROPN
fsr-3722	67	3	f	f	X
fsr-3722	67	4	th	th	X
fsr-3722	67	5	e	e	X
fsr-3722	67	6	c	c	X
fsr-3722	67	7	om	om	PROPN
fsr-3722	67	8	bi	bi	PROPN
fsr-3722	67	9	ne	ne	PROPN
fsr-3722	67	10	d	d	AUX
fsr-3722	67	11	e	e	PROPN
fsr-3722	67	12	xp	xp	PROPN
fsr-3722	67	13	ec	ec	PROPN
fsr-3722	67	14	te	te	PROPN
fsr-3722	67	15	d	d	X
fsr-3722	67	16	u	u	X
fsr-3722	67	17	ti	ti	NOUN
fsr-3722	67	18	lit	light	VERB
fsr-3722	67	19	y	y	NOUN
fsr-3722	67	20	m	m	VERB
fsr-3722	67	21	ax	ax	INTJ
fsr-3722	68	1	i	i	PRON
fsr-3722	68	2	m	m	VERB
fsr-3722	68	3	iz	iz	ADP
fsr-3722	68	4	in	in	ADP
fsr-3722	68	5	g	g	PROPN
fsr-3722	68	6	p	p	NOUN
fsr-3722	68	7	or	or	CCONJ
fsr-3722	68	8	tf	tf	INTJ
fsr-3722	68	9	ol	ol	PROPN
fsr-3722	68	10	io	io	PROPN
fsr-3722	68	11	(	(	PUNCT
fsr-3722	68	12	z	z	NOUN
fsr-3722	68	13	e	e	NOUN
fsr-3722	68	14	)	)	PUNCT
fsr-3722	68	15	an	an	DET
fsr-3722	68	16	d	d	X
fsr-3722	68	17	th	th	X
fsr-3722	68	18	e	e	X
fsr-3722	68	19	p	p	NOUN
fsr-3722	68	20	or	or	CCONJ
fsr-3722	68	21	tf	tf	INTJ
fsr-3722	69	1	ol	ol	PROPN
fsr-3722	69	2	io	io	X
fsr-3722	69	3	c	c	PROPN
fsr-3722	69	4	on	on	ADP
fsr-3722	69	5	ta	ta	PROPN
fsr-3722	69	6	in	in	ADV
fsr-3722	69	7	in	in	ADP
fsr-3722	69	8	g	g	PROPN
fsr-3722	69	9	o	o	X
fsr-3722	69	10	ni	ni	PROPN
fsr-3722	69	11	y	y	PROPN
fsr-3722	69	12	e	e	PROPN
fsr-3722	69	13	ss	ss	PROPN
fsr-3722	69	14	en	en	INTJ
fsr-3722	69	15	ti	ti	PROPN
fsr-3722	69	16	al	al	PROPN
fsr-3722	70	1	-p	-p	INTJ
fsr-3722	70	2	ur	ur	INTJ
fsr-3722	70	3	po	po	PROPN
fsr-3722	70	4	se	se	PROPN
fsr-3722	70	5	b	b	PROPN
fsr-3722	70	6	on	on	ADP
fsr-3722	70	7	ds	ds	X
fsr-3722	70	8	(	(	PUNCT
fsr-3722	70	9	z	z	NOUN
fsr-3722	70	10	e	e	NOUN
fsr-3722	70	11	)	)	PUNCT
fsr-3722	71	1	w	w	NOUN
fsr-3722	71	2	he	he	PRON
fsr-3722	71	3	n	n	ADV
fsr-3722	71	4	th	th	X
fsr-3722	71	5	e	e	X
fsr-3722	71	6	d	d	NOUN
fsr-3722	71	7	is	be	AUX
fsr-3722	71	8	pe	pe	INTJ
fsr-3722	71	9	rs	rs	PROPN
fsr-3722	71	10	io	io	PROPN
fsr-3722	72	1	n	n	PROPN
fsr-3722	72	2	f	f	X
fsr-3722	72	3	ac	ac	ADJ
fsr-3722	72	4	to	to	ADP
fsr-3722	72	5	r	r	PROPN
fsr-3722	72	6	of	of	ADP
fsr-3722	72	7	i	i	PRON
fsr-3722	72	8	nc	nc	PROPN
fsr-3722	72	9	om	om	PROPN
fsr-3722	72	10	e	e	PROPN
fsr-3722	72	11	is	be	AUX
fsr-3722	72	12	s	s	PROPN
fsr-3722	72	13	et	et	NOUN
fsr-3722	72	14	a	a	DET
fsr-3722	72	15	t	t	PROPN
fsr-3722	72	16	1	1	NUM
fsr-3722	72	17	.	.	PUNCT
fsr-3722	73	1	05	05	NUM
fsr-3722	73	2	.	.	PUNCT
fsr-3722	74	1	3	3	NUM
fsr-3722	74	2	g	g	NOUN
fsr-3722	74	3	p	p	NOUN
fsr-3722	74	4	,	,	PUNCT
fsr-3722	74	5	p	p	PROPN
fsr-3722	74	6	ro	ro	X
fsr-3722	74	7	po	po	PROPN
fsr-3722	74	8	rt	rt	PROPN
fsr-3722	74	9	io	io	PROPN
fsr-3722	75	1	n	n	PROPN
fsr-3722	75	2	of	of	ADP
fsr-3722	75	3	i	i	PRON
fsr-3722	75	4	nc	nc	PROPN
fsr-3722	75	5	om	om	PROPN
fsr-3722	75	6	e	e	PROPN
fsr-3722	75	7	m	m	PROPN
fsr-3722	75	8	ed	ed	PROPN
fsr-3722	75	9	ia	ia	PROPN
fsr-3722	75	10	n	n	PROPN
fsr-3722	75	11	in	in	ADP
fsr-3722	75	12	co	co	NOUN
fsr-3722	75	13	m	m	PROPN
fsr-3722	75	14	e	e	NOUN
fsr-3722	75	15	=	=	PUNCT
fsr-3722	75	16	is	be	AUX
fsr-3722	75	17	o	o	NOUN
fsr-3722	75	18	,	,	PUNCT
fsr-3722	75	19	@	@	ADP
fsr-3722	75	20	m	m	PROPN
fsr-3722	75	21	ed	ed	PROPN
fsr-3722	75	22	ia	ia	PROPN
fsr-3722	75	23	n	n	PROPN
fsr-3722	75	24	in	in	ADP
fsr-3722	75	25	co	co	NOUN
fsr-3722	75	26	m	m	PROPN
fsr-3722	75	27	e	e	NOUN
fsr-3722	75	28	=	=	NOUN
fsr-3722	75	29	20	20	NUM
fsr-3722	75	30	0	0	NUM
fsr-3722	75	31	,	,	PUNCT
fsr-3722	75	32	oo	oo	INTJ
fsr-3722	75	33	o	o	NOUN
fsr-3722	75	34	m	m	VERB
fsr-3722	75	35	ed	ed	PROPN
fsr-3722	75	36	ia	ia	PROPN
fsr-3722	75	37	n	n	PROPN
fsr-3722	75	38	in	in	ADP
fsr-3722	75	39	co	co	PROPN
fsr-3722	75	40	m	m	PROPN
fsr-3722	75	41	e	e	NOUN
fsr-3722	75	42	=	=	SYM
fsr-3722	75	43	30	30	NUM
fsr-3722	75	44	0	0	NUM
fsr-3722	75	45	,	,	PUNCT
fsr-3722	75	46	oo	oo	INTJ
fsr-3722	75	47	o	o	INTJ
fsr-3722	76	1	fr	fr	INTJ
fsr-3722	76	2	om	om	PROPN
fsr-3722	76	3	p	p	PROPN
fsr-3722	76	4	re	re	X
fsr-3722	76	5	fe	fe	X
fsr-3722	76	6	re	re	X
fsr-3722	76	7	nc	nc	PROPN
fsr-3722	76	8	e	e	VERB
fsr-3722	76	9	he	he	PRON
fsr-3722	76	10	m	m	VERB
fsr-3722	76	11	s	s	VERB
fsr-3722	77	1	i	i	PRON
fsr-3722	77	2	(	(	PUNCT
fsr-3722	77	3	o	o	X
fsr-3722	77	4	th	th	INTJ
fsr-3722	77	5	er	er	INTJ
fsr-3722	77	6	r	r	NOUN
fsr-3722	77	7	ha	ha	INTJ
fsr-3722	77	8	n	n	CCONJ
fsr-3722	77	9	p	p	PROPN
fsr-3722	77	10	ri	ri	PROPN
fsr-3722	77	11	va	va	PROPN
fsr-3722	77	12	te	te	PROPN
fsr-3722	77	13	-a	-a	PROPN
fsr-3722	77	14	&	&	CCONJ
fsr-3722	77	15	v	v	PROPN
fsr-3722	77	16	b	b	PROPN
fsr-3722	77	17	,	,	PUNCT
fsr-3722	77	18	t	t	PROPN
fsr-3722	77	19	ax	ax	NOUN
fsr-3722	77	20	-e	-e	PROPN
fsr-3722	77	21	xe	xe	PROPN
fsr-3722	77	22	rn	rn	PROPN
fsr-3722	77	23	ft	ft	PROPN
fsr-3722	77	24	b	b	PROPN
fsr-3722	77	25	on	on	ADP
fsr-3722	77	26	d	d	PROPN
fsr-3722	77	27	p	p	NOUN
fsr-3722	77	28	or	or	CCONJ
fsr-3722	77	29	tf	tf	INTJ
fsr-3722	77	30	o	o	X
fsr-3722	77	31	y	y	PROPN
fsr-3722	77	32	a	a	PROPN
fsr-3722	77	33	*	*	X
fsr-3722	77	34	,	,	PUNCT
fsr-3722	77	35	o	o	INTJ
fsr-3722	77	36	ph	ph	VERB
fsr-3722	77	37	al	al	PROPN
fsr-3722	77	38	a	a	PROPN
fsr-3722	77	39	*	*	X
fsr-3722	77	40	,	,	PUNCT
fsr-3722	77	41	o	o	INTJ
fsr-3722	77	42	pr	pr	INTJ
fsr-3722	77	43	i	i	PRON
fsr-3722	77	44	m	m	VERB
fsr-3722	77	45	al	al	PROPN
fsr-3722	77	46	a	a	PROPN
fsr-3722	77	47	*	*	X
fsr-3722	77	48	,	,	PUNCT
fsr-3722	77	49	o	o	INTJ
fsr-3722	77	50	pr	pr	INTJ
fsr-3722	77	51	i	i	PRON
fsr-3722	77	52	m	m	VERB
fsr-3722	77	53	al	al	VERB
fsr-3722	77	54	it	it	PRON
fsr-3722	77	55	y	y	PROPN
fsr-3722	77	56	b	b	PROPN
fsr-3722	77	57	on	on	ADP
fsr-3722	77	58	ds	ds	X
fsr-3722	77	59	)	)	PUNCT
fsr-3722	78	1	an	an	DET
fsr-3722	78	2	d	d	NOUN
fsr-3722	78	3	a	a	DET
fsr-3722	78	4	dj	dj	NOUN
fsr-3722	78	5	w	w	PROPN
fsr-3722	78	6	t	t	PROPN
fsr-3722	78	7	a	a	PROPN
fsr-3722	78	8	&	&	CCONJ
fsr-3722	78	9	xa	xa	PROPN
fsr-3722	78	10	do	do	VERB
fsr-3722	78	11	n	n	PRON
fsr-3722	78	12	to	to	ADP
fsr-3722	78	13	a	a	DET
fsr-3722	78	14	&	&	CCONJ
fsr-3722	78	15	nx	nx	PROPN
fsr-3722	78	16	zd	zd	PROPN
fsr-3722	78	17	on	on	ADP
fsr-3722	78	18	~	~	PUNCT
fsr-3722	78	19	fq	fq	PROPN
fsr-3722	78	20	a	a	DET
fsr-3722	78	21	ll	ll	NOUN
fsr-3722	78	22	oc	oc	VERB
fsr-3722	78	23	ar	ar	PROPN
fsr-3722	78	24	io	io	PROPN
fsr-3722	78	25	n	n	PART
fsr-3722	78	26	to	to	ADP
fsr-3722	78	27	si	si	PROPN
fsr-3722	78	28	ze	ze	PROPN
fsr-3722	78	29	$	$	PROPN
fsr-3722	78	30	e	e	PROPN
fsr-3722	78	31	&	&	CCONJ
fsr-3722	78	32	y	y	PROPN
fsr-3722	78	33	;	;	PUNCT
fsr-3722	79	1	dr	dr	PROPN
fsr-3722	79	2	m	m	PROPN
fsr-3722	79	3	p	p	PROPN
fsr-3722	79	4	nw	nw	INTJ
fsr-3722	79	5	zv	zv	NOUN
fsr-3722	79	6	yc	yc	X
fsr-3722	80	1	ty	ty	INTJ
fsr-3722	80	2	es	es	X
fsr-3722	80	3	ti	ti	NOUN
fsr-3722	80	4	m	m	NOUN
fsr-3722	80	5	at	at	ADP
fsr-3722	80	6	ed	ed	PROPN
fsr-3722	80	7	m	m	PROPN
fsr-3722	80	8	ea	ea	PROPN
fsr-3722	80	9	n	n	CCONJ
fsr-3722	80	10	m	m	VERB
fsr-3722	80	11	en	en	X
fsr-3722	80	12	ts	ts	ADP
fsr-3722	80	13	p	p	PROPN
fsr-3722	80	14	nv	nv	PROPN
fsr-3722	80	15	;	;	PUNCT
fsr-3722	80	16	t	t	PROPN
fsr-3722	80	17	ac	ac	PROPN
fsr-3722	81	1	cy	cy	INTJ
fsr-3722	81	2	ty	ty	PRON
fsr-3722	81	3	es	es	X
fsr-3722	81	4	ti	ti	NOUN
fsr-3722	81	5	m	m	NOUN
fsr-3722	81	6	at	at	ADP
fsr-3722	81	7	ed	ed	PROPN
fsr-3722	81	8	m	m	PROPN
fsr-3722	81	9	ea	ea	PROPN
fsr-3722	81	10	n	n	CCONJ
fsr-3722	81	11	p	p	PROPN
fsr-3722	81	12	ri	ri	PROPN
fsr-3722	81	13	va	va	PROPN
fsr-3722	81	14	te	te	PROPN
fsr-3722	81	15	-a	-a	PROPN
fsr-3722	81	16	ct	ct	PROPN
fsr-3722	81	17	iv	iv	NUM
fsr-3722	82	1	it	it	PRON
fsr-3722	83	1	y	y	INTJ
fsr-3722	83	2	ic	ic	INTJ
fsr-3722	83	3	ic	ic	PROPN
fsr-3722	84	1	i	i	PROPN
fsr-3722	84	2	,	,	PUNCT
fsr-3722	84	3	i	i	PRON
fsr-3722	84	4	,	,	PUNCT
fsr-3722	84	5	b	b	X
fsr-3722	84	6	on	on	ADP
fsr-3722	84	7	ds	ds	X
fsr-3722	84	8	(	(	PUNCT
fsr-3722	84	9	%	%	NOUN
fsr-3722	84	10	)	)	PUNCT
fsr-3722	84	11	15	15	NUM
fsr-3722	84	12	%	%	NOUN
fsr-3722	84	13	50	50	NUM
fsr-3722	84	14	%	%	NOUN
fsr-3722	85	1	lo	lo	NOUN
fsr-3722	85	2	o	o	NOUN
fsr-3722	85	3	(	(	PUNCT
fsr-3722	85	4	1	1	NUM
fsr-3722	85	5	00	00	NUM
fsr-3722	85	6	)	)	PUNCT
fsr-3722	85	7	15	15	NUM
fsr-3722	85	8	0	0	NUM
fsr-3722	85	9	(	(	PUNCT
fsr-3722	85	10	5	5	NUM
fsr-3722	85	11	25	25	NUM
fsr-3722	85	12	)	)	PUNCT
fsr-3722	85	13	10	10	NUM
fsr-3722	85	14	0	0	NUM
fsr-3722	85	15	(	(	PUNCT
fsr-3722	85	16	1	1	NUM
fsr-3722	85	17	00	00	NUM
fsr-3722	85	18	)	)	PUNCT
fsr-3722	85	19	20	20	NUM
fsr-3722	85	20	0	0	NUM
fsr-3722	85	21	(	(	PUNCT
fsr-3722	85	22	7	7	NUM
fsr-3722	85	23	00	00	NUM
fsr-3722	85	24	)	)	PUNCT
fsr-3722	85	25	10	10	NUM
fsr-3722	85	26	0	0	NUM
fsr-3722	85	27	(	(	PUNCT
fsr-3722	85	28	1	1	NUM
fsr-3722	85	29	00	00	NUM
fsr-3722	85	30	)	)	PUNCT
fsr-3722	85	31	10	10	NUM
fsr-3722	85	32	0	0	NUM
fsr-3722	85	33	%	%	NOUN
fsr-3722	86	1	lo	lo	NOUN
fsr-3722	86	2	o	o	NOUN
fsr-3722	86	3	(	(	PUNCT
fsr-3722	86	4	1	1	NUM
fsr-3722	86	5	00	00	NUM
fsr-3722	86	6	)	)	PUNCT
fsr-3722	86	7	30	30	NUM
fsr-3722	86	8	0	0	NUM
fsr-3722	86	9	(	(	PUNCT
fsr-3722	86	10	1	1	NUM
fsr-3722	86	11	05	05	NUM
fsr-3722	86	12	0	0	NUM
fsr-3722	86	13	)	)	PUNCT
fsr-3722	86	14	10	10	NUM
fsr-3722	86	15	0	0	NUM
fsr-3722	86	16	(	(	PUNCT
fsr-3722	86	17	1	1	NUM
fsr-3722	86	18	00	00	NUM
fsr-3722	86	19	)	)	PUNCT
fsr-3722	86	20	40	40	NUM
fsr-3722	86	21	0	0	NUM
fsr-3722	86	22	(	(	PUNCT
fsr-3722	86	23	1	1	NUM
fsr-3722	86	24	40	40	NUM
fsr-3722	86	25	0	0	NUM
fsr-3722	86	26	)	)	PUNCT
fsr-3722	86	27	98	98	NUM
fsr-3722	86	28	(	(	PUNCT
fsr-3722	86	29	92	92	NUM
fsr-3722	86	30	)	)	PUNCT
fsr-3722	86	31	58	58	NUM
fsr-3722	86	32	8	8	NUM
fsr-3722	86	33	(	(	PUNCT
fsr-3722	86	34	1	1	NUM
fsr-3722	86	35	92	92	NUM
fsr-3722	86	36	3	3	NUM
fsr-3722	86	37	)	)	PUNCT
fsr-3722	86	38	15	15	NUM
fsr-3722	86	39	0	0	NUM
fsr-3722	86	40	%	%	NOUN
fsr-3722	86	41	10	10	NUM
fsr-3722	86	42	0	0	NUM
fsr-3722	86	43	(	(	PUNCT
fsr-3722	86	44	1	1	NUM
fsr-3722	86	45	00	00	NUM
fsr-3722	86	46	)	)	PUNCT
fsr-3722	86	47	45	45	NUM
fsr-3722	86	48	0	0	NUM
fsr-3722	86	49	(	(	PUNCT
fsr-3722	86	50	1	1	NUM
fsr-3722	86	51	57	57	NUM
fsr-3722	86	52	5	5	NUM
fsr-3722	86	53	)	)	PUNCT
fsr-3722	86	54	82	82	NUM
fsr-3722	86	55	(	(	PUNCT
fsr-3722	86	56	79	79	NUM
fsr-3722	86	57	)	)	PUNCT
fsr-3722	86	58	47	47	NUM
fsr-3722	86	59	9	9	NUM
fsr-3722	86	60	(	(	PUNCT
fsr-3722	86	61	1	1	NUM
fsr-3722	86	62	61	61	NUM
fsr-3722	86	63	4	4	NUM
fsr-3722	86	64	)	)	PUNCT
fsr-3722	86	65	65	65	NUM
fsr-3722	86	66	(	(	PUNCT
fsr-3722	86	67	61	61	NUM
fsr-3722	86	68	)	)	PUNCT
fsr-3722	86	69	58	58	NUM
fsr-3722	86	70	5	5	NUM
fsr-3722	86	71	(	(	PUNCT
fsr-3722	86	72	1	1	NUM
fsr-3722	86	73	92	92	NUM
fsr-3722	86	74	2	2	NUM
fsr-3722	86	75	)	)	PUNCT
fsr-3722	86	76	20	20	NUM
fsr-3722	86	77	%	%	NOUN
fsr-3722	86	78	50	50	NUM
fsr-3722	86	79	%	%	NOUN
fsr-3722	86	80	10	10	NUM
fsr-3722	86	81	0	0	NUM
fsr-3722	86	82	(	(	PUNCT
fsr-3722	86	83	1	1	NUM
fsr-3722	86	84	00	00	NUM
fsr-3722	86	85	)	)	PUNCT
fsr-3722	86	86	15	15	NUM
fsr-3722	86	87	0	0	NUM
fsr-3722	86	88	(	(	PUNCT
fsr-3722	86	89	5	5	NUM
fsr-3722	86	90	25	25	NUM
fsr-3722	86	91	)	)	PUNCT
fsr-3722	86	92	92	92	NUM
fsr-3722	86	93	(	(	PUNCT
fsr-3722	86	94	99	99	NUM
fsr-3722	86	95	)	)	PUNCT
fsr-3722	86	96	16	16	NUM
fsr-3722	86	97	9	9	NUM
fsr-3722	86	98	(	(	PUNCT
fsr-3722	86	99	6	6	NUM
fsr-3722	86	100	19	19	NUM
fsr-3722	86	101	)	)	PUNCT
fsr-3722	86	102	53	53	NUM
fsr-3722	86	103	(	(	PUNCT
fsr-3722	86	104	50	50	NUM
fsr-3722	86	105	)	)	PUNCT
fsr-3722	86	106	15	15	NUM
fsr-3722	86	107	9	9	NUM
fsr-3722	86	108	(	(	PUNCT
fsr-3722	86	109	5	5	NUM
fsr-3722	86	110	18	18	NUM
fsr-3722	86	111	)	)	PUNCT
fsr-3722	86	112	10	10	NUM
fsr-3722	86	113	0	0	NUM
fsr-3722	86	114	%	%	NOUN
fsr-3722	86	115	10	10	NUM
fsr-3722	86	116	0	0	NUM
fsr-3722	86	117	(	(	PUNCT
fsr-3722	86	118	1	1	NUM
fsr-3722	86	119	00	00	NUM
fsr-3722	86	120	)	)	PUNCT
fsr-3722	86	121	30	30	NUM
fsr-3722	86	122	0	0	NUM
fsr-3722	86	123	(	(	PUNCT
fsr-3722	86	124	1	1	NUM
fsr-3722	86	125	05	05	NUM
fsr-3722	86	126	0	0	NUM
fsr-3722	86	127	)	)	PUNCT
fsr-3722	86	128	46	46	NUM
fsr-3722	86	129	(	(	PUNCT
fsr-3722	86	130	50	50	NUM
fsr-3722	86	131	)	)	PUNCT
fsr-3722	86	132	16	16	NUM
fsr-3722	86	133	5	5	NUM
fsr-3722	86	134	(	(	PUNCT
fsr-3722	86	135	6	6	NUM
fsr-3722	86	136	21	21	NUM
fsr-3722	86	137	)	)	PUNCT
fsr-3722	86	138	26	26	NUM
fsr-3722	86	139	(	(	PUNCT
fsr-3722	86	140	25	25	NUM
fsr-3722	86	141	)	)	PUNCT
fsr-3722	86	142	15	15	NUM
fsr-3722	86	143	6	6	NUM
fsr-3722	86	144	(	(	PUNCT
fsr-3722	86	145	5	5	NUM
fsr-3722	86	146	18	18	NUM
fsr-3722	86	147	)	)	PUNCT
fsr-3722	86	148	15	15	NUM
fsr-3722	86	149	0	0	NUM
fsr-3722	86	150	%	%	NOUN
fsr-3722	86	151	83	83	NUM
fsr-3722	86	152	(	(	PUNCT
fsr-3722	86	153	82	82	NUM
fsr-3722	86	154	)	)	PUNCT
fsr-3722	86	155	36	36	NUM
fsr-3722	86	156	1	1	NUM
fsr-3722	86	157	(	(	PUNCT
fsr-3722	86	158	1	1	NUM
fsr-3722	86	159	22	22	NUM
fsr-3722	86	160	7	7	NUM
fsr-3722	86	161	)	)	PUNCT
fsr-3722	86	162	31	31	NUM
fsr-3722	86	163	(	(	PUNCT
fsr-3722	86	164	33	33	NUM
fsr-3722	86	165	)	)	PUNCT
fsr-3722	86	166	16	16	NUM
fsr-3722	86	167	3	3	NUM
fsr-3722	86	168	(	(	PUNCT
fsr-3722	86	169	6	6	NUM
fsr-3722	86	170	19	19	NUM
fsr-3722	86	171	)	)	PUNCT
fsr-3722	86	172	17	17	NUM
fsr-3722	86	173	(	(	PUNCT
fsr-3722	86	174	1	1	NUM
fsr-3722	86	175	7	7	NUM
fsr-3722	86	176	)	)	PUNCT
fsr-3722	86	177	15	15	NUM
fsr-3722	86	178	3	3	NUM
fsr-3722	86	179	(	(	PUNCT
fsr-3722	86	180	5	5	NUM
fsr-3722	86	181	16	16	NUM
fsr-3722	86	182	)	)	PUNCT
fsr-3722	86	183	25	25	NUM
fsr-3722	86	184	%	%	NOUN
fsr-3722	86	185	50	50	NUM
fsr-3722	86	186	%	%	NOUN
fsr-3722	86	187	95	95	NUM
fsr-3722	86	188	(	(	PUNCT
fsr-3722	86	189	10	10	NUM
fsr-3722	86	190	0	0	NUM
fsr-3722	86	191	)	)	PUNCT
fsr-3722	86	192	12	12	NUM
fsr-3722	86	193	5	5	NUM
fsr-3722	86	194	(	(	PUNCT
fsr-3722	86	195	4	4	NUM
fsr-3722	86	196	83	83	NUM
fsr-3722	86	197	)	)	PUNCT
fsr-3722	86	198	0	0	NUM
fsr-3722	86	199	(	(	PUNCT
fsr-3722	86	200	0	0	NUM
fsr-3722	86	201	)	)	PUNCT
fsr-3722	86	202	(	(	PUNCT
fsr-3722	86	203	)	)	PUNCT
fsr-3722	86	204	0	0	NUM
fsr-3722	86	205	(	(	PUNCT
fsr-3722	86	206	0	0	NUM
fsr-3722	86	207	)	)	PUNCT
fsr-3722	86	208	(	(	PUNCT
fsr-3722	86	209	)	)	PUNCT
fsr-3722	86	210	10	10	NUM
fsr-3722	86	211	0	0	NUM
fsr-3722	86	212	%	%	NOUN
fsr-3722	86	213	47	47	NUM
fsr-3722	86	214	(	(	PUNCT
fsr-3722	86	215	54	54	NUM
fsr-3722	86	216	)	)	PUNCT
fsr-3722	86	217	11	11	NUM
fsr-3722	86	218	9	9	NUM
fsr-3722	86	219	(	(	PUNCT
fsr-3722	86	220	4	4	NUM
fsr-3722	86	221	79	79	NUM
fsr-3722	86	222	)	)	PUNCT
fsr-3722	86	223	0	0	NUM
fsr-3722	87	1	(	(	PUNCT
fsr-3722	87	2	0	0	NUM
fsr-3722	87	3	)	)	PUNCT
fsr-3722	87	4	(	(	PUNCT
fsr-3722	87	5	)	)	PUNCT
fsr-3722	87	6	0	0	NUM
fsr-3722	88	1	(	(	PUNCT
fsr-3722	88	2	0	0	NUM
fsr-3722	88	3	)	)	PUNCT
fsr-3722	88	4	q	q	NOUN
fsr-3722	89	1	;	;	PUNCT
fsr-3722	89	2	i	i	PRON
fsr-3722	89	3	;	;	PUNCT
fsr-3722	89	4	15	15	NUM
fsr-3722	89	5	0	0	NUM
fsr-3722	89	6	%	%	NOUN
fsr-3722	89	7	32	32	NUM
fsr-3722	89	8	(	(	PUNCT
fsr-3722	89	9	36	36	NUM
fsr-3722	89	10	)	)	PUNCT
fsr-3722	89	11	12	12	NUM
fsr-3722	89	12	0	0	NUM
fsr-3722	89	13	(	(	PUNCT
fsr-3722	89	14	4	4	NUM
fsr-3722	89	15	86	86	NUM
fsr-3722	89	16	)	)	PUNCT
fsr-3722	89	17	0	0	NUM
fsr-3722	90	1	(	(	PUNCT
fsr-3722	90	2	0	0	NUM
fsr-3722	90	3	)	)	PUNCT
fsr-3722	90	4	(	(	PUNCT
fsr-3722	90	5	)	)	PUNCT
fsr-3722	90	6	0	0	NUM
fsr-3722	91	1	(	(	PUNCT
fsr-3722	91	2	0	0	NUM
fsr-3722	91	3	)	)	PUNCT
fsr-3722	91	4	n	n	NOUN
fsr-3722	92	1	ot	ot	NOUN
fsr-3722	92	2	e	e	NOUN
fsr-3722	92	3	:	:	PUNCT
fsr-3722	92	4	t	t	PROPN
fsr-3722	92	5	he	he	PRON
fsr-3722	92	6	n	n	AUX
fsr-3722	92	7	um	um	INTJ
fsr-3722	92	8	be	be	AUX
fsr-3722	92	9	rs	r	NOUN
fsr-3722	92	10	n	n	ADP
fsr-3722	92	11	ot	ot	NOUN
fsr-3722	92	12	in	in	ADP
fsr-3722	92	13	p	p	PROPN
fsr-3722	92	14	ar	ar	PROPN
fsr-3722	92	15	en	en	X
fsr-3722	92	16	th	th	X
fsr-3722	92	17	es	es	X
fsr-3722	92	18	es	es	X
fsr-3722	92	19	a	a	DET
fsr-3722	92	20	re	re	NOUN
fsr-3722	92	21	w	w	NOUN
fsr-3722	92	22	he	he	PRON
fsr-3722	92	23	n	n	ADV
fsr-3722	92	24	th	th	X
fsr-3722	92	25	e	e	X
fsr-3722	92	26	yi	yi	PROPN
fsr-3722	93	1	el	el	PROPN
fsr-3722	93	2	d	d	PROPN
fsr-3722	93	3	di	di	X
fsr-3722	94	1	ff	ff	INTJ
fsr-3722	94	2	er	er	INTJ
fsr-3722	94	3	en	en	ADV
fsr-3722	94	4	tia	tia	PROPN
fsr-3722	94	5	l	l	PROPN
fsr-3722	94	6	is	be	AUX
fsr-3722	95	1	2	2	NUM
fsr-3722	95	2	0	0	NUM
fsr-3722	95	3	ba	ba	NOUN
fsr-3722	95	4	si	si	PROPN
fsr-3722	95	5	s	s	PROPN
fsr-3722	95	6	po	po	NOUN
fsr-3722	95	7	in	in	ADP
fsr-3722	95	8	ts	ts	ADP
fsr-3722	95	9	a	a	DET
fsr-3722	95	10	nd	nd	ADV
fsr-3722	95	11	th	th	X
fsr-3722	95	12	os	os	NOUN
fsr-3722	96	1	e	e	PROPN
fsr-3722	96	2	nu	nu	INTJ
fsr-3722	96	3	m	m	AUX
fsr-3722	96	4	be	be	VERB
fsr-3722	96	5	rs	rs	ADJ
fsr-3722	96	6	in	in	ADP
fsr-3722	96	7	p	p	PROPN
fsr-3722	96	8	ar	ar	PROPN
fsr-3722	96	9	en	en	X
fsr-3722	96	10	th	th	X
fsr-3722	96	11	es	es	X
fsr-3722	96	12	es	es	X
fsr-3722	96	13	a	a	DET
fsr-3722	96	14	re	re	NOUN
fsr-3722	96	15	w	w	NOUN
fsr-3722	96	16	he	he	PRON
fsr-3722	96	17	n	n	ADV
fsr-3722	97	1	th	th	X
fsr-3722	97	2	e	e	X
fsr-3722	97	3	yi	yi	PROPN
fsr-3722	98	1	el	el	PROPN
fsr-3722	98	2	d	d	PROPN
fsr-3722	98	3	di	di	X
fsr-3722	99	1	ff	ff	INTJ
fsr-3722	99	2	er	er	INTJ
fsr-3722	99	3	en	en	ADV
fsr-3722	99	4	tia	tia	PROPN
fsr-3722	99	5	l	l	PROPN
fsr-3722	99	6	is	be	AUX
fsr-3722	100	1	7	7	NUM
fsr-3722	100	2	0	0	NUM
fsr-3722	100	3	ba	ba	NOUN
fsr-3722	100	4	si	si	PROPN
fsr-3722	100	5	s	s	PROPN
fsr-3722	100	6	po	po	NOUN
fsr-3722	100	7	in	in	ADP
fsr-3722	100	8	ts	ts	PROPN
fsr-3722	100	9	.	.	PUNCT
fsr-3722	101	1	t	t	X
fsr-3722	101	2	he	he	PRON
fsr-3722	102	1	e	e	VERB
fsr-3722	102	2	ss	ss	PROPN
fsr-3722	102	3	en	en	PROPN
fsr-3722	102	4	tia	tia	PROPN
fsr-3722	102	5	lpu	lpu	PROPN
fsr-3722	102	6	rp	rp	PROPN
fsr-3722	102	7	os	os	PROPN
fsr-3722	103	1	e	e	PROPN
fsr-3722	103	2	bo	bo	PROPN
fsr-3722	103	3	nd	nd	PROPN
fsr-3722	103	4	y	y	PROPN
fsr-3722	103	5	ie	ie	X
fsr-3722	103	6	ld	ld	PROPN
fsr-3722	104	1	i	i	PROPN
fsr-3722	104	2	s	s	PROPN
fsr-3722	104	3	6	6	NUM
fsr-3722	104	4	.	.	PUNCT
fsr-3722	104	5	73	73	NUM
fsr-3722	104	6	%	%	NOUN
fsr-3722	104	7	.	.	PUNCT
fsr-3722	105	1	in	in	ADP
fsr-3722	105	2	a	a	DET
fsr-3722	105	3	ll	ll	NOUN
fsr-3722	105	4	ca	can	AUX
fsr-3722	105	5	se	se	VERB
fsr-3722	105	6	s	s	PART
fsr-3722	105	7	w	w	VERB
fsr-3722	105	8	he	he	PRON
fsr-3722	105	9	re	re	PROPN
fsr-3722	105	10	t	t	NOUN
fsr-3722	105	11	he	he	PRON
fsr-3722	105	12	e	e	PROPN
fsr-3722	105	13	st	st	PROPN
fsr-3722	106	1	i	i	PRON
fsr-3722	106	2	m	m	VERB
fsr-3722	106	3	at	at	ADP
fsr-3722	106	4	ed	ed	PROPN
fsr-3722	106	5	m	m	PROPN
fsr-3722	106	6	ea	ea	PROPN
fsr-3722	106	7	n	n	NUM
fsr-3722	106	8	is	be	AUX
fsr-3722	106	9	r	r	NOUN
fsr-3722	106	10	ep	ep	NOUN
fsr-3722	106	11	or	or	CCONJ
fsr-3722	106	12	te	te	PROPN
fsr-3722	107	1	d	d	X
fsr-3722	107	2	th	th	X
fsr-3722	107	3	e	e	PROPN
fsr-3722	107	4	pva	pva	NOUN
fsr-3722	107	5	lu	lu	NOUN
fsr-3722	108	1	e	e	NOUN
fsr-3722	108	2	fr	fr	INTJ
fsr-3722	108	3	om	om	PROPN
fsr-3722	109	1	t	t	PROPN
fsr-3722	110	1	he	he	PRON
fsr-3722	110	2	p	p	X
fsr-3722	110	3	ai	ai	VERB
fsr-3722	110	4	re	re	ADP
fsr-3722	110	5	d	d	PROPN
fsr-3722	110	6	tte	tte	PROPN
fsr-3722	110	7	st	st	PROPN
fsr-3722	111	1	o	o	X
fsr-3722	111	2	f	f	X
fsr-3722	111	3	th	th	X
fsr-3722	111	4	e	e	X
fsr-3722	111	5	al	al	PROPN
fsr-3722	111	6	te	te	PROPN
fsr-3722	111	7	m	m	PROPN
fsr-3722	111	8	at	at	ADP
fsr-3722	111	9	iv	iv	ADP
fsr-3722	111	10	e	e	PROPN
fsr-3722	111	11	hy	hy	NOUN
fsr-3722	111	12	po	po	X
fsr-3722	111	13	th	th	X
fsr-3722	111	14	es	es	NOUN
fsr-3722	111	15	is	be	AUX
fsr-3722	111	16	h	h	PRON
fsr-3722	111	17	a	a	PRON
fsr-3722	111	18	:	:	PUNCT
fsr-3722	112	1	i	i	PRON
fsr-3722	112	2	,	,	PUNCT
fsr-3722	112	3	i	i	PRON
fsr-3722	112	4	r	r	VERB
fsr-3722	112	5	>	>	X
fsr-3722	112	6	0	0	PUNCT
fsr-3722	113	1	w	w	PROPN
fsr-3722	113	2	as	as	ADP
fsr-3722	113	3	le	le	X
fsr-3722	113	4	ss	ss	NOUN
fsr-3722	113	5	t	t	PROPN
fsr-3722	113	6	ha	ha	INTJ
fsr-3722	113	7	n	n	PROPN
fsr-3722	113	8	0	0	NUM
fsr-3722	113	9	.	.	PUNCT
fsr-3722	113	10	00	00	NUM
fsr-3722	114	1	1	1	NUM
fsr-3722	114	2	.	.	X
fsr-3722	114	3	t	t	NOUN
fsr-3722	114	4	he	he	PRON
fsr-3722	115	1	b	b	PROPN
fsr-3722	115	2	on	on	ADP
fsr-3722	115	3	ds	ds	PRON
fsr-3722	115	4	a	a	DET
fsr-3722	115	5	re	re	X
fsr-3722	115	6	i	i	PROPN
fsr-3722	115	7	d	d	PROPN
fsr-3722	115	8	en	en	PROPN
fsr-3722	115	9	tic	tic	PROPN
fsr-3722	115	10	al	al	PROPN
fsr-3722	115	11	w	w	PROPN
fsr-3722	115	12	ith	ith	PROPN
fsr-3722	115	13	th	th	PROPN
fsr-3722	115	14	e	e	X
fsr-3722	115	15	ex	ex	X
fsr-3722	115	16	ce	ce	PROPN
fsr-3722	115	17	pt	pt	X
fsr-3722	115	18	io	io	PROPN
fsr-3722	115	19	n	n	PROPN
fsr-3722	115	20	of	of	ADP
fsr-3722	115	21	y	y	PROPN
fsr-3722	115	22	ie	ie	PROPN
fsr-3722	115	23	ld	ld	PROPN
fsr-3722	115	24	s	s	PROPN
fsr-3722	115	25	an	an	DET
fsr-3722	115	26	d	d	X
fsr-3722	115	27	ta	ta	X
fsr-3722	115	28	x	x	PUNCT
fsr-3722	115	29	tr	tr	PROPN
fsr-3722	115	30	ea	ea	X
fsr-3722	115	31	tm	tm	NOUN
fsr-3722	115	32	en	en	ADP
fsr-3722	115	33	t.	t.	PROPN
fsr-3722	115	34	a	a	DET
fsr-3722	115	35	ft	ft	INTJ
fsr-3722	115	36	er	er	INTJ
fsr-3722	115	37	-t	-t	NOUN
fsr-3722	115	38	ax	ax	NOUN
fsr-3722	116	1	i	i	PRON
fsr-3722	116	2	nc	nc	PROPN
fsr-3722	116	3	om	om	PROPN
fsr-3722	116	4	e	e	PROPN
fsr-3722	116	5	is	be	AUX
fsr-3722	116	6	c	c	NOUN
fsr-3722	116	7	al	al	PROPN
fsr-3722	116	8	cu	cu	PROPN
fsr-3722	116	9	la	la	PROPN
fsr-3722	116	10	te	te	PROPN
fsr-3722	117	1	d	d	PROPN
fsr-3722	117	2	as	as	ADP
fsr-3722	117	3	su	su	PROPN
fsr-3722	117	4	m	m	PROPN
fsr-3722	117	5	in	in	ADP
fsr-3722	117	6	g	g	PROPN
fsr-3722	117	7	a	a	DET
fsr-3722	117	8	jo	jo	NOUN
fsr-3722	117	9	in	in	ADP
fsr-3722	117	10	t	t	PROPN
fsr-3722	117	11	fi	fi	NOUN
fsr-3722	117	12	lin	lin	PROPN
fsr-3722	117	13	g	g	PROPN
fsr-3722	117	14	st	st	PROPN
fsr-3722	118	1	at	at	ADP
fsr-3722	118	2	us	we	PRON
fsr-3722	118	3	fo	fo	ADP
fsr-3722	118	4	r	r	PROPN
fsr-3722	118	5	a	a	DET
fsr-3722	118	6	m	m	PROPN
fsr-3722	118	7	ar	ar	NOUN
fsr-3722	118	8	ri	ri	PROPN
fsr-3722	118	9	ed	ed	PROPN
fsr-3722	118	10	c	c	PROPN
fsr-3722	118	11	ou	ou	PROPN
fsr-3722	118	12	pl	pl	PROPN
fsr-3722	118	13	e.	e.	PROPN
fsr-3722	118	14	t	t	PROPN
fsr-3722	119	1	he	he	PRON
fsr-3722	119	2	ri	ri	INTJ
fsr-3722	119	3	sk	sk	INTJ
fsr-3722	119	4	p	p	PROPN
fsr-3722	119	5	re	re	X
fsr-3722	119	6	fe	fe	X
fsr-3722	119	7	re	re	X
fsr-3722	119	8	nc	nc	PROPN
fsr-3722	119	9	es	es	VERB
fsr-3722	119	10	o	o	PROPN
fsr-3722	119	11	f	f	X
fsr-3722	119	12	th	th	X
fsr-3722	119	13	e	e	PROPN
fsr-3722	119	14	in	in	ADP
fsr-3722	119	15	di	di	PROPN
fsr-3722	119	16	vi	vi	PROPN
fsr-3722	119	17	du	du	PROPN
fsr-3722	119	18	al	al	PROPN
fsr-3722	119	19	d	d	PROPN
fsr-3722	119	20	ec	ec	PROPN
fsr-3722	119	21	is	be	AUX
fsr-3722	119	22	io	io	PROPN
fsr-3722	119	23	nm	nm	ADV
fsr-3722	119	24	ak	ak	PROPN
fsr-3722	119	25	er	er	INTJ
fsr-3722	119	26	a	a	DET
fsr-3722	119	27	re	re	X
fsr-3722	119	28	c	c	NOUN
fsr-3722	120	1	ha	ha	INTJ
fsr-3722	120	2	ra	ra	INTJ
fsr-3722	121	1	ct	ct	INTJ
fsr-3722	121	2	er	er	INTJ
fsr-3722	121	3	iz	iz	INTJ
fsr-3722	121	4	ed	ed	PROPN
fsr-3722	121	5	b	b	PROPN
fsr-3722	121	6	y	y	PROPN
fsr-3722	121	7	de	de	PROPN
fsr-3722	121	8	cr	cr	PROPN
fsr-3722	121	9	ea	ea	PROPN
fsr-3722	121	10	si	si	PROPN
fsr-3722	121	11	ng	ng	PROPN
fsr-3722	121	12	a	a	DET
fsr-3722	121	13	bs	bs	PROPN
fsr-3722	121	14	ol	ol	PROPN
fsr-3722	121	15	ut	ut	PROPN
fsr-3722	121	16	e	e	PROPN
fsr-3722	121	17	ri	ri	PROPN
fsr-3722	121	18	sk	sk	VERB
fsr-3722	121	19	a	a	DET
fsr-3722	121	20	ve	ve	NOUN
fsr-3722	121	21	rs	rs	NOUN
fsr-3722	121	22	io	io	X
fsr-3722	121	23	n	n	X
fsr-3722	121	24	,	,	PUNCT
fsr-3722	121	25	u	u	NOUN
fsr-3722	121	26	{	{	PUNCT
fsr-3722	121	27	x	x	NOUN
fsr-3722	121	28	)	)	PUNCT
fsr-3722	122	1	=	=	PUNCT
fsr-3722	122	2	l	l	NOUN
fsr-3722	122	3	q	q	X
fsr-3722	122	4	g	g	NOUN
fsr-3722	122	5	{	{	PUNCT
fsr-3722	122	6	x	x	PROPN
fsr-3722	122	7	)	)	PUNCT
fsr-3722	122	8	.	.	PUNCT
fsr-3722	123	1	t	t	PROPN
fsr-3722	123	2	a	a	DET
fsr-3722	123	3	b	b	NOUN
fsr-3722	123	4	l	l	NOUN
fsr-3722	123	5	e	e	NOUN
fsr-3722	123	6	2	2	NUM
fsr-3722	123	7	.	.	PUNCT
fsr-3722	124	1	a	a	DET
fsr-3722	124	2	c	c	NOUN
fsr-3722	124	3	om	om	INTJ
fsr-3722	124	4	pa	pa	PROPN
fsr-3722	124	5	ri	ri	PROPN
fsr-3722	125	1	so	so	ADV
fsr-3722	125	2	n	n	PROPN
fsr-3722	125	3	of	of	ADP
fsr-3722	125	4	t	t	NOUN
fsr-3722	126	1	he	he	PRON
fsr-3722	126	2	e	e	PROPN
fsr-3722	126	3	xp	xp	ADV
fsr-3722	126	4	ec	ec	PROPN
fsr-3722	127	1	te	te	PROPN
fsr-3722	127	2	d	d	PROPN
fsr-3722	127	3	a	a	DET
fsr-3722	127	4	ft	ft	INTJ
fsr-3722	127	5	er	er	INTJ
fsr-3722	127	6	-t	-t	NOUN
fsr-3722	127	7	ax	ax	NOUN
fsr-3722	128	1	i	i	PRON
fsr-3722	128	2	nc	nc	VERB
fsr-3722	128	3	om	om	PROPN
fsr-3722	129	1	es	es	ADP
fsr-3722	129	2	o	o	PROPN
fsr-3722	129	3	f	f	X
fsr-3722	129	4	th	th	X
fsr-3722	129	5	e	e	X
fsr-3722	129	6	c	c	X
fsr-3722	129	7	om	om	PROPN
fsr-3722	129	8	bi	bi	PROPN
fsr-3722	129	9	ne	ne	PROPN
fsr-3722	129	10	d	d	AUX
fsr-3722	129	11	e	e	PROPN
fsr-3722	129	12	xp	xp	PROPN
fsr-3722	129	13	ec	ec	PROPN
fsr-3722	129	14	te	te	PROPN
fsr-3722	129	15	d	d	X
fsr-3722	129	16	u	u	X
fsr-3722	129	17	ti	ti	NOUN
fsr-3722	129	18	lit	light	VERB
fsr-3722	129	19	y	y	NOUN
fsr-3722	129	20	m	m	VERB
fsr-3722	129	21	ax	ax	INTJ
fsr-3722	130	1	i	i	PRON
fsr-3722	130	2	m	m	VERB
fsr-3722	130	3	iz	iz	ADP
fsr-3722	130	4	in	in	ADP
fsr-3722	130	5	g	g	PROPN
fsr-3722	130	6	p	p	NOUN
fsr-3722	130	7	or	or	CCONJ
fsr-3722	131	1	tf	tf	INTJ
fsr-3722	131	2	ol	ol	PROPN
fsr-3722	131	3	io	io	PROPN
fsr-3722	131	4	(	(	PUNCT
fsr-3722	131	5	i	i	PROPN
fsr-3722	131	6	,	,	PUNCT
fsr-3722	131	7	)	)	PUNCT
fsr-3722	131	8	an	an	DET
fsr-3722	131	9	d	d	X
fsr-3722	131	10	th	th	X
fsr-3722	131	11	e	e	X
fsr-3722	131	12	p	p	NOUN
fsr-3722	131	13	or	or	CCONJ
fsr-3722	131	14	tf	tf	INTJ
fsr-3722	131	15	ol	ol	PROPN
fsr-3722	131	16	io	io	X
fsr-3722	131	17	c	c	PROPN
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fsr-3722	131	19	ta	ta	PROPN
fsr-3722	131	20	in	in	ADV
fsr-3722	131	21	in	in	ADP
fsr-3722	131	22	g	g	PROPN
fsr-3722	131	23	o	o	NOUN
fsr-3722	131	24	nl	nl	NOUN
fsr-3722	132	1	y	y	PROPN
fsr-3722	132	2	e	e	PROPN
fsr-3722	132	3	ss	ss	VERB
fsr-3722	132	4	en	en	INTJ
fsr-3722	132	5	ti	ti	PROPN
fsr-3722	132	6	al	al	PROPN
fsr-3722	133	1	-p	-p	INTJ
fsr-3722	133	2	ur	ur	INTJ
fsr-3722	133	3	po	po	PROPN
fsr-3722	133	4	se	se	PROPN
fsr-3722	133	5	b	b	PROPN
fsr-3722	133	6	on	on	ADP
fsr-3722	133	7	ds	ds	X
fsr-3722	133	8	(	(	PUNCT
fsr-3722	133	9	i	i	NOUN
fsr-3722	133	10	,	,	PUNCT
fsr-3722	133	11	)	)	PUNCT
fsr-3722	134	1	w	w	NOUN
fsr-3722	134	2	he	he	PRON
fsr-3722	134	3	n	n	ADV
fsr-3722	134	4	th	th	X
fsr-3722	134	5	e	e	X
fsr-3722	134	6	d	d	NOUN
fsr-3722	134	7	is	be	AUX
fsr-3722	134	8	pe	pe	INTJ
fsr-3722	134	9	rs	rs	PROPN
fsr-3722	134	10	io	io	PROPN
fsr-3722	135	1	n	n	PROPN
fsr-3722	135	2	f	f	X
fsr-3722	135	3	ac	ac	ADJ
fsr-3722	135	4	to	to	ADP
fsr-3722	135	5	r	r	PROPN
fsr-3722	135	6	of	of	ADP
fsr-3722	135	7	i	i	PRON
fsr-3722	135	8	nc	nc	PROPN
fsr-3722	135	9	om	om	PROPN
fsr-3722	135	10	e	e	PROPN
fsr-3722	135	11	is	be	AUX
fsr-3722	135	12	s	s	PROPN
fsr-3722	135	13	et	et	NOUN
fsr-3722	135	14	a	a	DET
fsr-3722	135	15	t	t	PROPN
fsr-3722	135	16	1	1	NUM
fsr-3722	135	17	.	.	PROPN
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fsr-3722	135	19	.	.	PUNCT
fsr-3722	136	1	p	p	X
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fsr-3722	136	3	p	p	PROPN
fsr-3722	136	4	ro	ro	X
fsr-3722	136	5	po	po	PROPN
fsr-3722	136	6	rt	rt	PROPN
fsr-3722	136	7	io	io	PROPN
fsr-3722	136	8	n	n	PROPN
fsr-3722	136	9	of	of	ADP
fsr-3722	136	10	in	in	ADP
fsr-3722	136	11	co	co	NOUN
fsr-3722	136	12	m	m	PROPN
fsr-3722	136	13	e	e	NOUN
fsr-3722	136	14	m	m	PROPN
fsr-3722	136	15	ed	ed	PROPN
fsr-3722	136	16	ia	ia	PROPN
fsr-3722	136	17	n	n	PROPN
fsr-3722	136	18	in	in	ADP
fsr-3722	136	19	co	co	NOUN
fsr-3722	136	20	m	m	PROPN
fsr-3722	136	21	e	e	NOUN
fsr-3722	136	22	=	=	SYM
fsr-3722	136	23	15	15	NUM
fsr-3722	136	24	0	0	NUM
fsr-3722	136	25	,	,	PUNCT
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fsr-3722	136	29	ed	ed	PROPN
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fsr-3722	136	32	in	in	ADP
fsr-3722	136	33	co	co	NOUN
fsr-3722	136	34	m	m	PROPN
fsr-3722	136	35	e	e	NOUN
fsr-3722	136	36	=	=	NOUN
fsr-3722	136	37	20	20	NUM
fsr-3722	136	38	0	0	NUM
fsr-3722	136	39	,	,	PUNCT
fsr-3722	136	40	oo	oo	INTJ
fsr-3722	136	41	o	o	NOUN
fsr-3722	136	42	m	m	VERB
fsr-3722	136	43	ed	ed	PROPN
fsr-3722	136	44	ia	ia	PROPN
fsr-3722	136	45	n	n	PROPN
fsr-3722	136	46	in	in	ADP
fsr-3722	136	47	co	co	PROPN
fsr-3722	136	48	m	m	PROPN
fsr-3722	136	49	e	e	NOUN
fsr-3722	136	50	=	=	SYM
fsr-3722	136	51	30	30	NUM
fsr-3722	136	52	0	0	NUM
fsr-3722	136	53	,	,	PUNCT
fsr-3722	136	54	00	00	NUM
fsr-3722	136	55	0	0	NUM
fsr-3722	137	1	fr	fr	INTJ
fsr-3722	137	2	om	om	PROPN
fsr-3722	137	3	p	p	PROPN
fsr-3722	137	4	re	re	X
fsr-3722	137	5	fe	fe	X
fsr-3722	137	6	re	re	X
fsr-3722	137	7	nc	nc	PROPN
fsr-3722	137	8	e	e	VERB
fsr-3722	137	9	it	it	PRON
fsr-3722	137	10	em	em	PRON
fsr-3722	137	11	s	s	VERB
fsr-3722	137	12	b	b	PROPN
fsr-3722	137	13	,	,	PUNCT
fsr-3722	137	14	ta	ta	PROPN
fsr-3722	138	1	v.	v.	CCONJ
fsr-3722	138	2	ex	ex	ADJ
fsr-3722	138	3	et	et	NOUN
fsr-3722	138	4	n	n	PROPN
fsr-3722	138	5	t	t	PROPN
fsr-3722	138	6	b	b	PROPN
fsr-3722	138	7	on	on	ADP
fsr-3722	138	8	d	d	PROPN
fsr-3722	138	9	p	p	NOUN
fsr-3722	138	10	or	or	CCONJ
fsr-3722	138	11	tf	tf	INTJ
fsr-3722	138	12	o	o	X
fsr-3722	138	13	f	f	X
fsr-3722	138	14	c	c	PROPN
fsr-3722	138	15	l	l	NOUN
fsr-3722	138	16	,	,	PUNCT
fsr-3722	139	1	op	op	PROPN
fsr-3722	139	2	tim	tim	PROPN
fsr-3722	139	3	al	al	PROPN
fsr-3722	139	4	(	(	PUNCT
fsr-3722	139	5	o	o	X
fsr-3722	139	6	th	th	X
fsr-3722	139	7	er	er	INTJ
fsr-3722	139	8	t	t	PROPN
fsr-3722	139	9	&	&	CCONJ
fsr-3722	139	10	z	z	PROPN
fsr-3722	139	11	p	p	PROPN
fsr-3722	139	12	ri	ri	PROPN
fsr-3722	139	13	va	va	PROPN
fsr-3722	139	14	te	te	PROPN
fsr-3722	139	15	-a	-a	PROPN
fsr-3722	139	16	ct	ct	PROPN
fsr-3722	139	17	iv	iv	NUM
fsr-3722	139	18	19	19	NUM
fsr-3722	139	19	c	c	PROPN
fsr-3722	139	20	&	&	CCONJ
fsr-3722	139	21	e	e	PROPN
fsr-3722	139	22	$	$	SYM
fsr-3722	139	23	~~	~~	NUM
fsr-3722	139	24	m	m	VERB
fsr-3722	139	25	$	$	SYM
fsr-3722	139	26	~	~	PUNCT
fsr-3722	139	27	dl	dl	PROPN
fsr-3722	139	28	a	a	PRON
fsr-3722	139	29	,	,	PUNCT
fsr-3722	139	30	,	,	PUNCT
fsr-3722	139	31	a	a	DET
fsr-3722	139	32	ll	ll	NOUN
fsr-3722	139	33	oc	oc	VERB
fsr-3722	139	34	at	at	ADP
fsr-3722	139	35	io	io	PROPN
fsr-3722	139	36	n	n	X
fsr-3722	139	37	,	,	PUNCT
fsr-3722	139	38	f	f	PROPN
fsr-3722	139	39	a	a	PRON
fsr-3722	139	40	:	:	PUNCT
fsr-3722	139	41	o	o	X
fsr-3722	139	42	pt	pt	INTJ
fsr-3722	140	1	i	i	PRON
fsr-3722	140	2	m	m	VERB
fsr-3722	140	3	a1	a1	VERB
fsr-3722	140	4	a	a	PRON
fsr-3722	140	5	,	,	PUNCT
fsr-3722	140	6	op	op	NOUN
fsr-3722	140	7	t	t	PROPN
fsr-3722	140	8	&	&	CCONJ
fsr-3722	140	9	al	al	PROPN
fsr-3722	141	1	it	it	PRON
fsr-3722	141	2	y	y	PROPN
fsr-3722	141	3	b	b	PROPN
fsr-3722	141	4	on	on	ADP
fsr-3722	141	5	ak	ak	PROPN
fsr-3722	141	6	)	)	PUNCT
fsr-3722	141	7	a	a	DET
fsr-3722	141	8	nd	nd	NOUN
fsr-3722	141	9	a	a	DET
fsr-3722	141	10	dj	dj	NOUN
fsr-3722	141	11	us	we	PRON
fsr-3722	141	12	tm	tm	NOUN
fsr-3722	141	13	en	en	X
fsr-3722	141	14	ts	ts	ADP
fsr-3722	141	15	p	p	PROPN
fsr-3722	141	16	ri	ri	PROPN
fsr-3722	141	17	i;~	i;~	PROPN
fsr-3722	141	18	~~	~~	SYM
fsr-3722	141	19	tt	tt	PROPN
fsr-3722	141	20	y	y	PROPN
fsr-3722	141	21	0	0	NUM
fsr-3722	141	22	es	es	VERB
fsr-3722	141	23	ti	ti	PROPN
fsr-3722	141	24	m	m	NOUN
fsr-3722	141	25	pt	pt	NOUN
fsr-3722	142	1	ed	ed	NOUN
fsr-3722	142	2	lm	lm	INTJ
fsr-3722	142	3	em	em	PRON
fsr-3722	142	4	a	a	PROPN
fsr-3722	142	5	&	&	CCONJ
fsr-3722	142	6	xa	xa	PROPN
fsr-3722	142	7	ti	ti	PROPN
fsr-3722	142	8	on	on	ADP
fsr-3722	142	9	.	.	PUNCT
fsr-3722	143	1	to	to	ADP
fsr-3722	143	2	ls	ls	PROPN
fsr-3722	143	3	o	o	NOUN
fsr-3722	143	4	’	'	PUNCT
fsr-3722	143	5	&	&	CCONJ
fsr-3722	143	6	p	p	PROPN
fsr-3722	143	7	ng	ng	PROPN
fsr-3722	143	8	tg	tg	PROPN
fsr-3722	143	9	lc	lc	PROPN
fsr-3722	143	10	cu	cu	PROPN
fsr-3722	143	11	y	y	PROPN
fsr-3722	143	12	es	es	X
fsr-3722	143	13	ti	ti	PROPN
fsr-3722	143	14	ye	ye	NOUN
fsr-3722	143	15	ed	ed	NOUN
fsr-3722	143	16	lm	lm	INTJ
fsr-3722	143	17	em	em	PRON
fsr-3722	143	18	a	a	DET
fsr-3722	143	19	hc	hc	X
fsr-3722	143	20	at	at	ADP
fsr-3722	143	21	io	io	X
fsr-3722	143	22	n.	n.	PROPN
fsr-3722	143	23	to	to	ADP
fsr-3722	143	24	p	p	PROPN
fsr-3722	143	25	ri	ri	PROPN
fsr-3722	143	26	v	v	ADP
fsr-3722	143	27	~i	~i	PROPN
fsr-3722	143	28	v	v	ADP
fsr-3722	143	29	~t	~t	PUNCT
fsr-3722	143	30	l~	l~	X
fsr-3722	143	31	ty	ty	NOUN
fsr-3722	143	32	es	es	X
fsr-3722	143	33	ti	ti	NOUN
fsr-3722	143	34	yt	yt	VERB
fsr-3722	143	35	5	5	NUM
fsr-3722	143	36	m	m	NOUN
fsr-3722	143	37	er	er	INTJ
fsr-3722	143	38	m	m	VERB
fsr-3722	143	39	15	15	NUM
fsr-3722	143	40	%	%	NOUN
fsr-3722	143	41	50	50	NUM
fsr-3722	143	42	%	%	NOUN
fsr-3722	143	43	.	.	PUNCT
fsr-3722	144	1	10	10	NUM
fsr-3722	144	2	0	0	NUM
fsr-3722	144	3	(	(	PUNCT
fsr-3722	144	4	1	1	NUM
fsr-3722	144	5	00	00	NUM
fsr-3722	144	6	)	)	PUNCT
fsr-3722	144	7	10	10	NUM
fsr-3722	144	8	0	0	NUM
fsr-3722	144	9	(	(	PUNCT
fsr-3722	144	10	1	1	NUM
fsr-3722	144	11	00	00	NUM
fsr-3722	144	12	)	)	PUNCT
fsr-3722	144	13	20	20	NUM
fsr-3722	144	14	6	6	NUM
fsr-3722	144	15	$	$	SYM
fsr-3722	144	16	0	0	NUM
fsr-3722	144	17	)	)	PUNCT
fsr-3722	145	1	lo	lo	NOUN
fsr-3722	145	2	o	o	NOUN
fsr-3722	145	3	(	(	PUNCT
fsr-3722	145	4	10	10	NUM
fsr-3722	145	5	0	0	NUM
fsr-3722	145	6	)	)	PUNCT
fsr-3722	145	7	30	30	NUM
fsr-3722	145	8	&	&	CCONJ
fsr-3722	145	9	1~	1~	NUM
fsr-3722	145	10	50	50	NUM
fsr-3722	145	11	)	)	PUNCT
fsr-3722	145	12	10	10	NUM
fsr-3722	145	13	0	0	NUM
fsr-3722	145	14	%	%	NOUN
fsr-3722	145	15	lo	lo	NOUN
fsr-3722	145	16	o	o	NOUN
fsr-3722	145	17	(	(	PUNCT
fsr-3722	145	18	1	1	NUM
fsr-3722	145	19	00	00	NUM
fsr-3722	145	20	)	)	PUNCT
fsr-3722	145	21	30	30	NUM
fsr-3722	145	22	0	0	NUM
fsr-3722	145	23	(	(	PUNCT
fsr-3722	145	24	1	1	NUM
fsr-3722	145	25	05	05	NUM
fsr-3722	145	26	0	0	NUM
fsr-3722	145	27	)	)	PUNCT
fsr-3722	145	28	10	10	NUM
fsr-3722	145	29	0	0	NUM
fsr-3722	145	30	(	(	PUNCT
fsr-3722	145	31	1	1	NUM
fsr-3722	145	32	00	00	NUM
fsr-3722	145	33	)	)	PUNCT
fsr-3722	145	34	40	40	NUM
fsr-3722	145	35	0	0	NUM
fsr-3722	145	36	(	(	PUNCT
fsr-3722	145	37	1	1	NUM
fsr-3722	145	38	40	40	NUM
fsr-3722	145	39	0	0	NUM
fsr-3722	145	40	)	)	PUNCT
fsr-3722	145	41	7l	7l	PROPN
fsr-3722	145	42	e6	e6	PROPN
fsr-3722	145	43	)	)	PUNCT
fsr-3722	145	44	41	41	NUM
fsr-3722	145	45	5	5	NUM
fsr-3722	145	46	(	(	PUNCT
fsr-3722	145	47	1	1	NUM
fsr-3722	145	48	37	37	NUM
fsr-3722	145	49	5	5	NUM
fsr-3722	145	50	)	)	PUNCT
fsr-3722	145	51	15	15	NUM
fsr-3722	145	52	0	0	NUM
fsr-3722	145	53	%	%	NOUN
fsr-3722	145	54	10	10	NUM
fsr-3722	145	55	0	0	NUM
fsr-3722	145	56	(	(	PUNCT
fsr-3722	145	57	1	1	NUM
fsr-3722	145	58	00	00	NUM
fsr-3722	145	59	)	)	PUNCT
fsr-3722	145	60	45	45	NUM
fsr-3722	145	61	0	0	NUM
fsr-3722	145	62	(	(	PUNCT
fsr-3722	145	63	1	1	NUM
fsr-3722	145	64	57	57	NUM
fsr-3722	145	65	5	5	NUM
fsr-3722	145	66	)	)	PUNCT
fsr-3722	145	67	74	74	NUM
fsr-3722	145	68	(	(	PUNCT
fsr-3722	145	69	80	80	NUM
fsr-3722	145	70	)	)	PUNCT
fsr-3722	145	71	41	41	NUM
fsr-3722	145	72	6	6	NUM
fsr-3722	145	73	(	(	PUNCT
fsr-3722	145	74	1	1	NUM
fsr-3722	145	75	48	48	NUM
fsr-3722	145	76	5	5	NUM
fsr-3722	145	77	)	)	PUNCT
fsr-3722	145	78	47	47	NUM
fsr-3722	145	79	(	(	PUNCT
fsr-3722	145	80	44	44	NUM
fsr-3722	145	81	)	)	PUNCT
fsr-3722	145	82	41	41	NUM
fsr-3722	145	83	3	3	NUM
fsr-3722	145	84	(	(	PUNCT
fsr-3722	145	85	1	1	NUM
fsr-3722	145	86	37	37	NUM
fsr-3722	145	87	1	1	NUM
fsr-3722	145	88	)	)	PUNCT
fsr-3722	145	89	20	20	NUM
fsr-3722	145	90	%	%	NOUN
fsr-3722	145	91	50	50	NUM
fsr-3722	145	92	%	%	NOUN
fsr-3722	146	1	lo	lo	NOUN
fsr-3722	146	2	o	o	NOUN
fsr-3722	146	3	(	(	PUNCT
fsr-3722	146	4	l	l	NOUN
fsr-3722	146	5	o	o	NOUN
fsr-3722	146	6	0	0	NUM
fsr-3722	146	7	)	)	PUNCT
fsr-3722	146	8	15	15	NUM
fsr-3722	146	9	0	0	NUM
fsr-3722	146	10	(	(	PUNCT
fsr-3722	146	11	5	5	NUM
fsr-3722	146	12	25	25	NUM
fsr-3722	146	13	)	)	PUNCT
fsr-3722	146	14	46	46	NUM
fsr-3722	146	15	(	(	PUNCT
fsr-3722	146	16	95	95	NUM
fsr-3722	146	17	)	)	PUNCT
fsr-3722	146	18	58	58	NUM
fsr-3722	146	19	(	(	PUNCT
fsr-3722	146	20	34	34	NUM
fsr-3722	146	21	6	6	NUM
fsr-3722	146	22	)	)	PUNCT
fsr-3722	146	23	2l	2l	PROPN
fsr-3722	146	24	w	w	NOUN
fsr-3722	146	25	)	)	PUNCT
fsr-3722	146	26	50	50	NUM
fsr-3722	146	27	(	(	PUNCT
fsr-3722	146	28	21	21	NUM
fsr-3722	146	29	9	9	NUM
fsr-3722	146	30	)	)	PUNCT
fsr-3722	146	31	10	10	NUM
fsr-3722	146	32	0	0	NUM
fsr-3722	146	33	%	%	NOUN
fsr-3722	146	34	72	72	NUM
fsr-3722	146	35	(	(	PUNCT
fsr-3722	146	36	10	10	NUM
fsr-3722	146	37	0	0	NUM
fsr-3722	146	38	)	)	PUNCT
fsr-3722	146	39	10	10	NUM
fsr-3722	146	40	5	5	NUM
fsr-3722	146	41	(	(	PUNCT
fsr-3722	146	42	1	1	NUM
fsr-3722	146	43	05	05	NUM
fsr-3722	146	44	0	0	NUM
fsr-3722	146	45	)	)	PUNCT
fsr-3722	146	46	23	23	NUM
fsr-3722	146	47	(	(	PUNCT
fsr-3722	146	48	49	49	NUM
fsr-3722	146	49	)	)	PUNCT
fsr-3722	146	50	49	49	NUM
fsr-3722	146	51	(	(	PUNCT
fsr-3722	146	52	34	34	NUM
fsr-3722	146	53	7	7	NUM
fsr-3722	146	54	)	)	PUNCT
fsr-3722	146	55	11	11	NUM
fsr-3722	146	56	(	(	PUNCT
fsr-3722	146	57	1	1	NUM
fsr-3722	146	58	2	2	NUM
fsr-3722	146	59	)	)	PUNCT
fsr-3722	146	60	48	48	NUM
fsr-3722	146	61	(	(	PUNCT
fsr-3722	146	62	21	21	NUM
fsr-3722	146	63	1	1	NUM
fsr-3722	146	64	)	)	PUNCT
fsr-3722	146	65	15	15	NUM
fsr-3722	146	66	0	0	NUM
fsr-3722	146	67	%	%	NOUN
fsr-3722	146	68	47	47	NUM
fsr-3722	146	69	(	(	PUNCT
fsr-3722	146	70	75	75	NUM
fsr-3722	146	71	)	)	PUNCT
fsr-3722	146	72	83	83	NUM
fsr-3722	146	73	(	(	PUNCT
fsr-3722	146	74	68	68	NUM
fsr-3722	146	75	2	2	NUM
fsr-3722	146	76	)	)	PUNCT
fsr-3722	146	77	15	15	NUM
fsr-3722	146	78	(	(	PUNCT
fsr-3722	146	79	3	3	NUM
fsr-3722	146	80	3	3	NUM
fsr-3722	146	81	)	)	PUNCT
fsr-3722	146	82	56	56	NUM
fsr-3722	146	83	(	(	PUNCT
fsr-3722	146	84	36	36	NUM
fsr-3722	146	85	0	0	NUM
fsr-3722	146	86	)	)	PUNCT
fsr-3722	146	87	7	7	NUM
fsr-3722	146	88	(	(	PUNCT
fsr-3722	146	89	8	8	NUM
fsr-3722	146	90	)	)	PUNCT
fsr-3722	146	91	50	50	NUM
fsr-3722	146	92	(	(	PUNCT
fsr-3722	146	93	21	21	NUM
fsr-3722	146	94	8)	8)	NUM
fsr-3722	146	95	25	25	NUM
fsr-3722	146	96	%	%	NOUN
fsr-3722	146	97	50	50	NUM
fsr-3722	146	98	%	%	NOUN
fsr-3722	146	99	0	0	PUNCT
fsr-3722	146	100	(	(	PUNCT
fsr-3722	146	101	7	7	NUM
fsr-3722	146	102	9	9	NUM
fsr-3722	146	103	)	)	PUNCT
fsr-3722	146	104	(	(	PUNCT
fsr-3722	146	105	1	1	NUM
fsr-3722	146	106	7	7	NUM
fsr-3722	146	107	)	)	PUNCT
fsr-3722	146	108	0	0	NUM
fsr-3722	147	1	(	(	PUNCT
fsr-3722	147	2	0	0	NUM
fsr-3722	147	3	)	)	PUNCT
fsr-3722	147	4	cd	cd	NOUN
fsr-3722	147	5	0	0	NUM
fsr-3722	148	1	(	(	PUNCT
fsr-3722	148	2	0	0	NUM
fsr-3722	148	3	)	)	PUNCT
fsr-3722	148	4	10	10	NUM
fsr-3722	148	5	0	0	NUM
fsr-3722	148	6	%	%	NOUN
fsr-3722	148	7	0	0	PUNCT
fsr-3722	148	8	(	(	PUNCT
fsr-3722	148	9	4	4	NUM
fsr-3722	148	10	0	0	NUM
fsr-3722	148	11	)	)	PUNCT
fsr-3722	148	12	(	(	PUNCT
fsr-3722	148	13	6	6	NUM
fsr-3722	148	14	8)	8)	NUM
fsr-3722	148	15	0	0	NUM
fsr-3722	148	16	(	(	PUNCT
fsr-3722	148	17	0	0	NUM
fsr-3722	148	18	)	)	PUNCT
fsr-3722	148	19	0	0	NUM
fsr-3722	149	1	(	(	PUNCT
fsr-3722	149	2	0	0	NUM
fsr-3722	149	3	)	)	PUNCT
fsr-3722	149	4	i	i	PRON
fsr-3722	149	5	;	;	PUNCT
fsr-3722	149	6	-	-	PUNCT
fsr-3722	149	7	;	;	PUNCT
fsr-3722	149	8	15	15	NUM
fsr-3722	149	9	0	0	NUM
fsr-3722	149	10	%	%	NOUN
fsr-3722	149	11	0	0	PUNCT
fsr-3722	149	12	(	(	PUNCT
fsr-3722	149	13	2	2	NUM
fsr-3722	149	14	6	6	NUM
fsr-3722	149	15	)	)	PUNCT
fsr-3722	149	16	(	(	PUNCT
fsr-3722	149	17	8	8	NUM
fsr-3722	149	18	)	)	PUNCT
fsr-3722	149	19	0	0	NUM
fsr-3722	150	1	(	(	PUNCT
fsr-3722	150	2	0	0	NUM
fsr-3722	150	3	)	)	PUNCT
fsr-3722	150	4	r	r	NOUN
fsr-3722	150	5	;	;	PUNCT
fsr-3722	150	6	-	-	PUNCT
fsr-3722	150	7	;	;	PUNCT
fsr-3722	150	8	0	0	NUM
fsr-3722	150	9	(	(	PUNCT
fsr-3722	150	10	0	0	NUM
fsr-3722	150	11	)	)	PUNCT
fsr-3722	150	12	-t	-t	PUNCT
fsr-3722	150	13	-1	-1	X
fsr-3722	150	14	n	n	X
fsr-3722	150	15	ot	ot	INTJ
fsr-3722	150	16	e	e	NOUN
fsr-3722	150	17	:	:	PUNCT
fsr-3722	150	18	t	t	PROPN
fsr-3722	150	19	he	he	PRON
fsr-3722	150	20	n	n	AUX
fsr-3722	150	21	um	um	INTJ
fsr-3722	150	22	be	be	AUX
fsr-3722	150	23	rs	r	NOUN
fsr-3722	150	24	n	n	ADP
fsr-3722	150	25	ot	ot	NOUN
fsr-3722	150	26	in	in	ADP
fsr-3722	150	27	p	p	PROPN
fsr-3722	150	28	ar	ar	PROPN
fsr-3722	150	29	en	en	X
fsr-3722	150	30	th	th	X
fsr-3722	150	31	es	es	X
fsr-3722	150	32	es	es	X
fsr-3722	150	33	a	a	DET
fsr-3722	150	34	re	re	NOUN
fsr-3722	150	35	w	w	NOUN
fsr-3722	150	36	he	he	PRON
fsr-3722	150	37	n	n	ADV
fsr-3722	150	38	th	th	X
fsr-3722	150	39	e	e	X
fsr-3722	150	40	yi	yi	PROPN
fsr-3722	151	1	el	el	PROPN
fsr-3722	151	2	d	d	PROPN
fsr-3722	151	3	di	di	X
fsr-3722	152	1	ff	ff	INTJ
fsr-3722	152	2	er	er	INTJ
fsr-3722	152	3	en	en	ADV
fsr-3722	152	4	tia	tia	PROPN
fsr-3722	152	5	l	l	PROPN
fsr-3722	152	6	is	be	AUX
fsr-3722	153	1	2	2	NUM
fsr-3722	153	2	0	0	NUM
fsr-3722	153	3	ba	ba	NOUN
fsr-3722	153	4	si	si	PROPN
fsr-3722	153	5	s	s	PROPN
fsr-3722	153	6	po	po	NOUN
fsr-3722	153	7	in	in	ADP
fsr-3722	153	8	ts	ts	ADP
fsr-3722	153	9	a	a	DET
fsr-3722	153	10	nd	nd	ADV
fsr-3722	153	11	th	th	X
fsr-3722	153	12	os	os	NOUN
fsr-3722	154	1	e	e	PROPN
fsr-3722	154	2	nu	nu	INTJ
fsr-3722	154	3	m	m	AUX
fsr-3722	154	4	be	be	VERB
fsr-3722	154	5	rs	rs	ADJ
fsr-3722	154	6	in	in	ADP
fsr-3722	154	7	p	p	PROPN
fsr-3722	154	8	ar	ar	PROPN
fsr-3722	154	9	en	en	X
fsr-3722	154	10	th	th	X
fsr-3722	154	11	es	es	X
fsr-3722	154	12	es	es	X
fsr-3722	154	13	a	a	DET
fsr-3722	154	14	re	re	NOUN
fsr-3722	154	15	w	w	NOUN
fsr-3722	154	16	he	he	PRON
fsr-3722	154	17	n	n	ADV
fsr-3722	155	1	th	th	X
fsr-3722	155	2	e	e	X
fsr-3722	155	3	yi	yi	PROPN
fsr-3722	156	1	el	el	PROPN
fsr-3722	156	2	d	d	PROPN
fsr-3722	156	3	di	di	X
fsr-3722	157	1	ff	ff	INTJ
fsr-3722	157	2	er	er	INTJ
fsr-3722	157	3	en	en	ADV
fsr-3722	157	4	tia	tia	PROPN
fsr-3722	157	5	l	l	PROPN
fsr-3722	157	6	is	be	AUX
fsr-3722	158	1	7	7	NUM
fsr-3722	158	2	0	0	NUM
fsr-3722	158	3	ba	ba	NOUN
fsr-3722	158	4	si	si	PROPN
fsr-3722	158	5	s	s	PROPN
fsr-3722	158	6	po	po	NOUN
fsr-3722	158	7	in	in	ADP
fsr-3722	158	8	ts	ts	PROPN
fsr-3722	158	9	.	.	PUNCT
fsr-3722	159	1	t	t	X
fsr-3722	159	2	he	he	PRON
fsr-3722	160	1	e	e	VERB
fsr-3722	160	2	ss	ss	PROPN
fsr-3722	160	3	en	en	PROPN
fsr-3722	160	4	tia	tia	PROPN
fsr-3722	160	5	lpu	lpu	PROPN
fsr-3722	160	6	rp	rp	PROPN
fsr-3722	160	7	os	os	PROPN
fsr-3722	161	1	e	e	PROPN
fsr-3722	161	2	bo	bo	PROPN
fsr-3722	161	3	nd	nd	PROPN
fsr-3722	161	4	y	y	PROPN
fsr-3722	161	5	ie	ie	X
fsr-3722	161	6	ld	ld	PROPN
fsr-3722	162	1	i	i	PROPN
fsr-3722	162	2	s	s	PROPN
fsr-3722	162	3	6	6	NUM
fsr-3722	162	4	.	.	PUNCT
fsr-3722	162	5	73	73	NUM
fsr-3722	162	6	%	%	NOUN
fsr-3722	162	7	.	.	PUNCT
fsr-3722	163	1	i	i	PRON
fsr-3722	163	2	n	n	VERB
fsr-3722	163	3	al	al	PROPN
fsr-3722	163	4	l	l	PROPN
fsr-3722	163	5	c	c	PROPN
fsr-3722	163	6	as	as	ADP
fsr-3722	163	7	es	es	INTJ
fsr-3722	163	8	w	w	VERB
fsr-3722	163	9	he	he	PRON
fsr-3722	163	10	re	re	VERB
fsr-3722	163	11	t	t	NOUN
fsr-3722	163	12	he	he	PRON
fsr-3722	164	1	e	e	PROPN
fsr-3722	164	2	st	st	PROPN
fsr-3722	164	3	i	i	PRON
fsr-3722	164	4	m	m	VERB
fsr-3722	164	5	at	at	ADP
fsr-3722	164	6	ed	ed	PROPN
fsr-3722	164	7	m	m	PROPN
fsr-3722	164	8	ea	ea	PROPN
fsr-3722	164	9	n	n	NUM
fsr-3722	164	10	is	be	AUX
fsr-3722	164	11	r	r	NOUN
fsr-3722	164	12	ep	ep	NOUN
fsr-3722	164	13	or	or	CCONJ
fsr-3722	164	14	te	te	ADP
fsr-3722	164	15	d	d	NOUN
fsr-3722	164	16	tb	tb	X
fsr-3722	164	17	e	e	NOUN
fsr-3722	164	18	pva	pva	NOUN
fsr-3722	164	19	lu	lu	NOUN
fsr-3722	165	1	e	e	NOUN
fsr-3722	165	2	fr	fr	INTJ
fsr-3722	165	3	om	om	PROPN
fsr-3722	165	4	t	t	PROPN
fsr-3722	165	5	be	be	AUX
fsr-3722	165	6	p	p	NOUN
fsr-3722	165	7	ai	ai	VERB
fsr-3722	165	8	re	re	ADP
fsr-3722	165	9	d	d	PROPN
fsr-3722	165	10	tte	tte	PROPN
fsr-3722	165	11	st	st	PROPN
fsr-3722	166	1	o	o	X
fsr-3722	166	2	f	f	X
fsr-3722	166	3	th	th	X
fsr-3722	166	4	e	e	X
fsr-3722	166	5	al	al	PROPN
fsr-3722	166	6	te	te	PROPN
fsr-3722	166	7	rn	rn	PROPN
fsr-3722	166	8	at	at	ADP
fsr-3722	166	9	iv	iv	NUM
fsr-3722	166	10	e	e	PROPN
fsr-3722	166	11	hy	hy	NOUN
fsr-3722	166	12	po	po	X
fsr-3722	166	13	th	th	X
fsr-3722	166	14	es	es	NOUN
fsr-3722	166	15	is	be	AUX
fsr-3722	166	16	h	h	PRON
fsr-3722	166	17	a	a	PRON
fsr-3722	166	18	:	:	PUNCT
fsr-3722	167	1	ic	ic	PROPN
fsr-3722	167	2	ie	ie	X
fsr-3722	167	3	>	>	X
fsr-3722	167	4	0	0	PUNCT
fsr-3722	168	1	w	w	PROPN
fsr-3722	168	2	as	as	ADP
fsr-3722	168	3	le	le	INTJ
fsr-3722	168	4	ss	ss	NOUN
fsr-3722	168	5	th	th	X
fsr-3722	168	6	an	an	DET
fsr-3722	168	7	0	0	NUM
fsr-3722	168	8	.0	.0	NUM
fsr-3722	168	9	01	01	NUM
fsr-3722	168	10	.	.	PUNCT
fsr-3722	169	1	t	t	PROPN
fsr-3722	169	2	he	he	PRON
fsr-3722	170	1	b	b	PROPN
fsr-3722	170	2	on	on	ADP
fsr-3722	170	3	ds	ds	PRON
fsr-3722	170	4	a	a	DET
fsr-3722	170	5	re	re	X
fsr-3722	170	6	i	i	PROPN
fsr-3722	170	7	d	d	PROPN
fsr-3722	170	8	en	en	PROPN
fsr-3722	170	9	tic	tic	PROPN
fsr-3722	170	10	al	al	PROPN
fsr-3722	170	11	w	w	PROPN
fsr-3722	170	12	ith	ith	PROPN
fsr-3722	170	13	th	th	PROPN
fsr-3722	170	14	e	e	X
fsr-3722	170	15	ex	ex	X
fsr-3722	170	16	ce	ce	PROPN
fsr-3722	170	17	pt	pt	X
fsr-3722	170	18	io	io	PROPN
fsr-3722	170	19	n	n	PROPN
fsr-3722	170	20	of	of	ADP
fsr-3722	170	21	y	y	PROPN
fsr-3722	170	22	ie	ie	PROPN
fsr-3722	170	23	ld	ld	PROPN
fsr-3722	170	24	s	s	PROPN
fsr-3722	170	25	an	an	DET
fsr-3722	170	26	d	d	X
fsr-3722	170	27	ta	ta	X
fsr-3722	170	28	x	x	PUNCT
fsr-3722	170	29	tr	tr	PROPN
fsr-3722	170	30	ea	ea	X
fsr-3722	170	31	tm	tm	NOUN
fsr-3722	170	32	en	en	ADP
fsr-3722	170	33	t.	t.	PROPN
fsr-3722	170	34	a	a	DET
fsr-3722	170	35	ft	ft	INTJ
fsr-3722	170	36	er	er	INTJ
fsr-3722	170	37	-t	-t	NOUN
fsr-3722	170	38	ax	ax	NOUN
fsr-3722	171	1	i	i	PRON
fsr-3722	171	2	nc	nc	PROPN
fsr-3722	171	3	om	om	PROPN
fsr-3722	171	4	e	e	PROPN
fsr-3722	171	5	is	be	AUX
fsr-3722	171	6	c	c	NOUN
fsr-3722	171	7	al	al	PROPN
fsr-3722	171	8	cu	cu	PROPN
fsr-3722	171	9	la	la	PROPN
fsr-3722	171	10	te	te	PROPN
fsr-3722	172	1	d	d	PROPN
fsr-3722	172	2	as	as	ADP
fsr-3722	172	3	su	su	PROPN
fsr-3722	172	4	m	m	VERB
fsr-3722	172	5	in	in	ADP
fsr-3722	172	6	g	g	PROPN
fsr-3722	172	7	a	a	DET
fsr-3722	172	8	j	j	NOUN
fsr-3722	172	9	oi	oi	INTJ
fsr-3722	172	10	nt	not	PART
fsr-3722	172	11	f	f	PROPN
fsr-3722	172	12	ili	ili	PROPN
fsr-3722	172	13	ng	ng	PROPN
fsr-3722	172	14	s	s	PROPN
fsr-3722	173	1	ta	ta	X
fsr-3722	173	2	tu	tu	PROPN
fsr-3722	173	3	s	s	VERB
fsr-3722	173	4	fo	fo	ADP
fsr-3722	173	5	r	r	NOUN
fsr-3722	173	6	a	a	DET
fsr-3722	173	7	m	m	PROPN
fsr-3722	173	8	ar	ar	NOUN
fsr-3722	173	9	ri	ri	PROPN
fsr-3722	173	10	ed	ed	PROPN
fsr-3722	173	11	c	c	PROPN
fsr-3722	173	12	ou	ou	PROPN
fsr-3722	173	13	pl	pl	PROPN
fsr-3722	173	14	e.	e.	PROPN
fsr-3722	173	15	t	t	PROPN
fsr-3722	174	1	he	he	PRON
fsr-3722	175	1	r	r	NOUN
fsr-3722	175	2	is	be	AUX
fsr-3722	175	3	k	k	PROPN
fsr-3722	175	4	pr	pr	NOUN
fsr-3722	175	5	ef	ef	INTJ
fsr-3722	175	6	er	er	INTJ
fsr-3722	175	7	en	en	PROPN
fsr-3722	175	8	ce	ce	PROPN
fsr-3722	175	9	s	s	PROPN
fsr-3722	175	10	of	of	ADP
fsr-3722	175	11	th	th	X
fsr-3722	175	12	e	e	NOUN
fsr-3722	175	13	in	in	ADP
fsr-3722	175	14	di	di	PROPN
fsr-3722	175	15	vi	vi	PROPN
fsr-3722	175	16	du	du	PROPN
fsr-3722	175	17	al	al	PROPN
fsr-3722	175	18	d	d	PROPN
fsr-3722	175	19	ec	ec	PROPN
fsr-3722	175	20	is	be	AUX
fsr-3722	175	21	io	io	PROPN
fsr-3722	175	22	nm	nm	ADV
fsr-3722	175	23	ak	ak	PROPN
fsr-3722	175	24	er	er	INTJ
fsr-3722	175	25	a	a	DET
fsr-3722	175	26	re	re	X
fsr-3722	175	27	c	c	NOUN
fsr-3722	176	1	ha	ha	INTJ
fsr-3722	176	2	ra	ra	INTJ
fsr-3722	177	1	ct	ct	INTJ
fsr-3722	177	2	er	er	INTJ
fsr-3722	177	3	iz	iz	INTJ
fsr-3722	177	4	ed	ed	PROPN
fsr-3722	177	5	b	b	PROPN
fsr-3722	177	6	y	y	PROPN
fsr-3722	177	7	de	de	PROPN
fsr-3722	177	8	cr	cr	PROPN
fsr-3722	177	9	ea	ea	PROPN
fsr-3722	177	10	si	si	PROPN
fsr-3722	177	11	ng	ng	PROPN
fsr-3722	177	12	a	a	DET
fsr-3722	177	13	bs	bs	PROPN
fsr-3722	177	14	ol	ol	PROPN
fsr-3722	177	15	ut	ut	PROPN
fsr-3722	177	16	e	e	PROPN
fsr-3722	177	17	ri	ri	PROPN
fsr-3722	177	18	sk	sk	VERB
fsr-3722	177	19	a	a	DET
fsr-3722	177	20	ve	ve	NOUN
fsr-3722	177	21	rs	rs	NOUN
fsr-3722	177	22	io	io	X
fsr-3722	177	23	n	n	X
fsr-3722	177	24	,	,	PUNCT
fsr-3722	177	25	u	u	NOUN
fsr-3722	177	26	(	(	PUNCT
fsr-3722	177	27	x	x	X
fsr-3722	177	28	)	)	PUNCT
fsr-3722	178	1	=	=	PUNCT
fsr-3722	179	1	l	l	NOUN
fsr-3722	179	2	o	o	X
fsr-3722	179	3	g	g	NOUN
fsr-3722	179	4	(	(	PUNCT
fsr-3722	179	5	x	x	PROPN
fsr-3722	179	6	)	)	PUNCT
fsr-3722	179	7	.	.	PUNCT
fsr-3722	180	1	individual	individual	ADJ
fsr-3722	180	2	tax	tax	NOUN
fsr-3722	180	3	-	-	PUNCT
fsr-3722	180	4	exempt	exempt	ADJ
fsr-3722	180	5	bond	bond	NOUN
fsr-3722	180	6	pot$folio	pot$folio	NOUN
fsr-3722	180	7	65	65	NUM
fsr-3722	180	8	above	above	ADP
fsr-3722	180	9	$	$	SYM
fsr-3722	180	10	2~,~	2~,~	NUM
fsr-3722	180	11	and	and	CCONJ
fsr-3722	180	12	25	25	NUM
fsr-3722	180	13	%	%	NOUN
fsr-3722	180	14	respectively	respectively	ADV
fsr-3722	180	15	.	.	PUNCT
fsr-3722	181	1	comp	comp	PROPN
fsr-3722	181	2	~	~	PROPN
fsr-3722	181	3	ng	ng	PROPN
fsr-3722	181	4	the	the	DET
fsr-3722	181	5	decision	decision	NOUN
fsr-3722	181	6	when	when	SCONJ
fsr-3722	181	7	the	the	DET
fsr-3722	181	8	spread	spread	NOUN
fsr-3722	181	9	between	between	ADP
fsr-3722	181	10	p	p	X
fsr-3722	181	11	~	~	PUNCT
fsr-3722	181	12	vate	vate	ADJ
fsr-3722	181	13	-	-	PUNCT
fsr-3722	181	14	activity	activity	NOUN
fsr-3722	181	15	and	and	CCONJ
fsr-3722	181	16	essential	essential	ADJ
fsr-3722	181	17	-	-	PUNCT
fsr-3722	181	18	pu	pu	NOUN
fsr-3722	181	19	~	~	NOUN
fsr-3722	181	20	ose	ose	NOUN
fsr-3722	181	21	bonds	bond	NOUN
fsr-3722	181	22	is	be	AUX
fsr-3722	181	23	20	20	NUM
fsr-3722	181	24	basis	basis	NOUN
fsr-3722	181	25	points	point	NOUN
fsr-3722	181	26	to	to	ADP
fsr-3722	181	27	the	the	DET
fsr-3722	181	28	decision	decision	NOUN
fsr-3722	181	29	when	when	SCONJ
fsr-3722	181	30	the	the	DET
fsr-3722	181	31	spread	spread	NOUN
fsr-3722	181	32	is	be	AUX
fsr-3722	181	33	70	70	NUM
fsr-3722	181	34	basis	basis	NOUN
fsr-3722	181	35	points	point	NOUN
fsr-3722	181	36	there	there	PRON
fsr-3722	181	37	is	be	VERB
fsr-3722	181	38	relatively	relatively	ADV
fsr-3722	181	39	little	little	ADJ
fsr-3722	181	40	change	change	NOUN
fsr-3722	181	41	in	in	ADP
fsr-3722	181	42	d	d	PROPN
fsr-3722	181	43	across	across	ADP
fsr-3722	181	44	all	all	DET
fsr-3722	181	45	income	income	NOUN
fsr-3722	181	46	levels	level	NOUN
fsr-3722	181	47	.	.	PUNCT
fsr-3722	182	1	individuals	individual	NOUN
fsr-3722	182	2	with	with	ADP
fsr-3722	182	3	household	household	NOUN
fsr-3722	182	4	median	median	NOUN
fsr-3722	182	5	incomes	income	NOUN
fsr-3722	182	6	of	of	ADP
fsr-3722	182	7	$	$	SYM
fsr-3722	182	8	150,000	150,000	NUM
fsr-3722	182	9	and	and	CCONJ
fsr-3722	182	10	25	25	NUM
fsr-3722	182	11	%	%	NOUN
fsr-3722	182	12	of	of	ADP
fsr-3722	182	13	income	income	NOUN
fsr-3722	182	14	from	from	ADP
fsr-3722	182	15	preference	preference	NOUN
fsr-3722	182	16	items	item	NOUN
fsr-3722	182	17	slightly	slightly	ADV
fsr-3722	182	18	increase	increase	VERB
fsr-3722	182	19	their	their	PRON
fsr-3722	182	20	holding	holding	NOUN
fsr-3722	182	21	of	of	ADP
fsr-3722	182	22	private	private	ADJ
fsr-3722	182	23	activity	activity	NOUN
fsr-3722	182	24	bonds	bond	NOUN
fsr-3722	182	25	as	as	SCONJ
fsr-3722	182	26	the	the	DET
fsr-3722	182	27	yield	yield	NOUN
fsr-3722	182	28	spread	spread	VERB
fsr-3722	182	29	increases	increase	NOUN
fsr-3722	182	30	because	because	SCONJ
fsr-3722	182	31	they	they	PRON
fsr-3722	182	32	can	can	AUX
fsr-3722	182	33	capture	capture	VERB
fsr-3722	182	34	the	the	DET
fsr-3722	182	35	additional	additional	ADJ
fsr-3722	182	36	return	return	NOUN
fsr-3722	182	37	without	without	ADP
fsr-3722	182	38	significantly	significantly	ADV
fsr-3722	182	39	increasing	increase	VERB
fsr-3722	182	40	their	their	PRON
fsr-3722	182	41	risk	risk	NOUN
fsr-3722	182	42	of	of	ADP
fsr-3722	182	43	a	a	DET
fsr-3722	182	44	minimum	minimum	ADJ
fsr-3722	182	45	tax	tax	NOUN
fsr-3722	182	46	liability	liability	NOUN
fsr-3722	182	47	.	.	PUNCT
fsr-3722	183	1	in	in	ADP
fsr-3722	183	2	contrast	contrast	NOUN
fsr-3722	183	3	,	,	PUNCT
fsr-3722	183	4	individuals	individual	NOUN
fsr-3722	183	5	with	with	ADP
fsr-3722	183	6	a	a	DET
fsr-3722	183	7	greater	great	ADJ
fsr-3722	183	8	risk	risk	NOUN
fsr-3722	183	9	of	of	ADP
fsr-3722	183	10	a	a	DET
fsr-3722	183	11	minimum	minimum	ADJ
fsr-3722	183	12	tax	tax	NOUN
fsr-3722	183	13	liability	liability	NOUN
fsr-3722	183	14	do	do	AUX
fsr-3722	183	15	not	not	PART
fsr-3722	183	16	shift	shift	VERB
fsr-3722	183	17	to	to	ADP
fsr-3722	183	18	private	private	ADJ
fsr-3722	183	19	-	-	PUNCT
fsr-3722	183	20	activity	activity	NOUN
fsr-3722	183	21	bonds	bond	NOUN
fsr-3722	183	22	as	as	ADP
fsr-3722	183	23	the	the	DET
fsr-3722	183	24	yield	yield	NOUN
fsr-3722	183	25	spread	spread	VERB
fsr-3722	183	26	increases	increase	NOUN
fsr-3722	183	27	.	.	PUNCT
fsr-3722	184	1	the	the	DET
fsr-3722	184	2	next	next	ADJ
fsr-3722	184	3	set	set	NOUN
fsr-3722	184	4	of	of	ADP
fsr-3722	184	5	comparisons	comparison	NOUN
fsr-3722	184	6	is	be	AUX
fsr-3722	184	7	identical	identical	ADJ
fsr-3722	184	8	to	to	ADP
fsr-3722	184	9	those	those	PRON
fsr-3722	184	10	presented	present	VERB
fsr-3722	184	11	in	in	ADP
fsr-3722	184	12	table	table	NOUN
fsr-3722	184	13	1	1	NUM
fsr-3722	184	14	,	,	PUNCT
fsr-3722	184	15	except	except	SCONJ
fsr-3722	184	16	the	the	DET
fsr-3722	184	17	unce	unce	PROPN
fsr-3722	184	18	~	~	SYM
fsr-3722	184	19	ainty	ainty	NOUN
fsr-3722	184	20	associated	associate	VERB
fsr-3722	184	21	with	with	ADP
fsr-3722	184	22	income	income	NOUN
fsr-3722	184	23	,	,	PUNCT
fsr-3722	184	24	df	df	PROPN
fsr-3722	184	25	,	,	PUNCT
fsr-3722	184	26	is	be	AUX
fsr-3722	184	27	increased	increase	VERB
fsr-3722	184	28	to	to	ADP
fsr-3722	184	29	1.35	1.35	NUM
fsr-3722	184	30	from	from	ADP
fsr-3722	184	31	1.05	1.05	NUM
fsr-3722	184	32	.	.	PUNCT
fsr-3722	185	1	the	the	DET
fsr-3722	185	2	results	result	NOUN
fsr-3722	185	3	are	be	AUX
fsr-3722	185	4	presented	present	VERB
fsr-3722	185	5	in	in	ADP
fsr-3722	185	6	table	table	NOUN
fsr-3722	185	7	2	2	NUM
fsr-3722	185	8	.	.	PUNCT
fsr-3722	186	1	in	in	ADP
fsr-3722	186	2	all	all	DET
fsr-3722	186	3	cases	case	NOUN
fsr-3722	186	4	where	where	SCONJ
fsr-3722	186	5	estimated	estimate	VERB
fsr-3722	186	6	means	mean	NOUN
fsr-3722	186	7	are	be	AUX
fsr-3722	186	8	reported	report	VERB
fsr-3722	186	9	,	,	PUNCT
fsr-3722	186	10	the	the	DET
fsr-3722	186	11	paired	pair	VERB
fsr-3722	186	12	t	t	NOUN
fsr-3722	186	13	-	-	PUNCT
fsr-3722	186	14	test	test	NOUN
fsr-3722	186	15	of	of	ADP
fsr-3722	186	16	the	the	DET
fsr-3722	186	17	alternative	alternative	ADJ
fsr-3722	186	18	hypothesis	hypothesis	NOUN
fsr-3722	186	19	el	el	PROPN
fsr-3722	186	20	,	,	PUNCT
fsr-3722	186	21	:	:	PUNCT
fsr-3722	186	22	1	1	NUM
fsr-3722	186	23	,	,	PUNCT
fsr-3722	186	24	1	1	NUM
fsr-3722	186	25	,	,	PUNCT
fsr-3722	186	26	>	>	X
fsr-3722	186	27	0	0	PUNCT
fsr-3722	186	28	is	be	AUX
fsr-3722	186	29	significant	significant	ADJ
fsr-3722	186	30	at	at	ADP
fsr-3722	186	31	the	the	DET
fsr-3722	186	32	0.001	0.001	NUM
fsr-3722	186	33	level	level	NOUN
fsr-3722	186	34	.	.	PUNCT
fsr-3722	187	1	the	the	DET
fsr-3722	187	2	effect	effect	NOUN
fsr-3722	187	3	of	of	ADP
fsr-3722	187	4	greater	great	ADJ
fsr-3722	187	5	uncertainty	uncertainty	NOUN
fsr-3722	187	6	is	be	AUX
fsr-3722	187	7	consistent	consistent	ADJ
fsr-3722	187	8	among	among	ADP
fsr-3722	187	9	all	all	DET
fsr-3722	187	10	individuals	individual	NOUN
fsr-3722	187	11	in	in	ADP
fsr-3722	187	12	that	that	DET
fsr-3722	187	13	private	private	ADJ
fsr-3722	187	14	-	-	PUNCT
fsr-3722	187	15	activity	activity	NOUN
fsr-3722	187	16	bond	bond	NOUN
fsr-3722	187	17	holdings	holding	NOUN
fsr-3722	187	18	are	be	AUX
fsr-3722	187	19	more	more	ADV
fsr-3722	187	20	rapidly	rapidly	ADV
fsr-3722	187	21	eliminated	eliminate	VERB
fsr-3722	187	22	from	from	ADP
fsr-3722	187	23	the	the	DET
fsr-3722	187	24	portfolio	portfolio	NOUN
fsr-3722	187	25	with	with	ADP
fsr-3722	187	26	increasing	increase	VERB
fsr-3722	187	27	probability	probability	NOUN
fsr-3722	187	28	of	of	ADP
fsr-3722	187	29	minimum	minimum	ADJ
fsr-3722	187	30	tax	tax	NOUN
fsr-3722	187	31	(	(	PUNCT
fsr-3722	187	32	i.e.	i.e.	X
fsr-3722	187	33	,	,	PUNCT
fsr-3722	187	34	increasing	increase	VERB
fsr-3722	187	35	p	p	NOUN
fsr-3722	187	36	and	and	CCONJ
fsr-3722	187	37	b	b	NOUN
fsr-3722	187	38	)	)	PUNCT
fsr-3722	187	39	.	.	PUNCT
fsr-3722	188	1	however	however	ADV
fsr-3722	188	2	,	,	PUNCT
fsr-3722	188	3	the	the	DET
fsr-3722	188	4	only	only	ADJ
fsr-3722	188	5	cases	case	NOUN
fsr-3722	188	6	where	where	SCONJ
fsr-3722	188	7	individuals	individual	NOUN
fsr-3722	188	8	completely	completely	ADV
fsr-3722	188	9	eliminate	eliminate	VERB
fsr-3722	188	10	private	private	ADJ
fsr-3722	188	11	-	-	PUNCT
fsr-3722	188	12	activity	activity	NOUN
fsr-3722	188	13	bonds	bond	NOUN
fsr-3722	188	14	from	from	ADP
fsr-3722	188	15	their	their	PRON
fsr-3722	188	16	portfolio	portfolio	NOUN
fsr-3722	188	17	are	be	AUX
fsr-3722	188	18	when	when	SCONJ
fsr-3722	188	19	p	p	NOUN
fsr-3722	188	20	is	be	AUX
fsr-3722	188	21	25	25	NUM
fsr-3722	188	22	%	%	NOUN
fsr-3722	188	23	or	or	CCONJ
fsr-3722	188	24	more	more	ADJ
fsr-3722	188	25	.	.	PUNCT
fsr-3722	189	1	individuals	individual	NOUN
fsr-3722	189	2	with	with	ADP
fsr-3722	189	3	household	household	NOUN
fsr-3722	189	4	median	median	ADJ
fsr-3722	189	5	income	income	NOUN
fsr-3722	189	6	of	of	ADP
fsr-3722	189	7	$	$	SYM
fsr-3722	189	8	150,000	150,000	NUM
fsr-3722	189	9	continue	continue	VERB
fsr-3722	189	10	to	to	PART
fsr-3722	189	11	hold	hold	VERB
fsr-3722	189	12	private	private	ADJ
fsr-3722	189	13	-	-	PUNCT
fsr-3722	189	14	activity	activity	NOUN
fsr-3722	189	15	bonds	bond	NOUN
fsr-3722	189	16	even	even	ADV
fsr-3722	189	17	at	at	ADP
fsr-3722	189	18	high	high	ADJ
fsr-3722	189	19	levels	level	NOUN
fsr-3722	189	20	of	of	ADP
fsr-3722	189	21	p	p	PROPN
fsr-3722	189	22	and	and	CCONJ
fsr-3722	189	23	b.	b.	PROPN
fsr-3722	189	24	in	in	ADP
fsr-3722	189	25	most	most	ADJ
fsr-3722	189	26	instances	instance	NOUN
fsr-3722	189	27	,	,	PUNCT
fsr-3722	189	28	the	the	DET
fsr-3722	189	29	optimal	optimal	ADJ
fsr-3722	189	30	proportion	proportion	NOUN
fsr-3722	189	31	of	of	ADP
fsr-3722	189	32	private	private	ADJ
fsr-3722	189	33	-	-	PUNCT
fsr-3722	189	34	activity	activity	NOUN
fsr-3722	189	35	bonds	bond	NOUN
fsr-3722	189	36	held	hold	VERB
fsr-3722	189	37	is	be	AUX
fsr-3722	189	38	greater	great	ADJ
fsr-3722	189	39	when	when	SCONJ
fsr-3722	189	40	the	the	DET
fsr-3722	189	41	yield	yield	NOUN
fsr-3722	189	42	spread	spread	VERB
fsr-3722	189	43	between	between	ADP
fsr-3722	189	44	private	private	ADJ
fsr-3722	189	45	-	-	PUNCT
fsr-3722	189	46	activi~	activi~	PROPN
fsr-3722	189	47	and	and	CCONJ
fsr-3722	189	48	essential	essential	PROPN
fsr-3722	189	49	-	-	PUNCT
fsr-3722	189	50	pu	pu	NOUN
fsr-3722	189	51	~	~	NOUN
fsr-3722	189	52	ose	ose	NOUN
fsr-3722	189	53	bonds	bond	NOUN
fsr-3722	189	54	is	be	AUX
fsr-3722	189	55	70	70	NUM
fsr-3722	189	56	basis	basis	NOUN
fsr-3722	189	57	points	point	NOUN
fsr-3722	189	58	as	as	SCONJ
fsr-3722	189	59	opposed	oppose	VERB
fsr-3722	189	60	to	to	ADP
fsr-3722	189	61	20	20	NUM
fsr-3722	189	62	basis	basis	NOUN
fsr-3722	189	63	points	point	NOUN
fsr-3722	189	64	.	.	PUNCT
fsr-3722	190	1	the	the	DET
fsr-3722	190	2	fact	fact	NOUN
fsr-3722	190	3	that	that	SCONJ
fsr-3722	190	4	in	in	ADP
fsr-3722	190	5	some	some	DET
fsr-3722	190	6	cases	case	NOUN
fsr-3722	190	7	the	the	DET
fsr-3722	190	8	proportion	proportion	NOUN
fsr-3722	190	9	of	of	ADP
fsr-3722	190	10	private	private	ADJ
fsr-3722	190	11	-	-	PUNCT
fsr-3722	190	12	activity	activity	NOUN
fsr-3722	190	13	bonds	bond	NOUN
fsr-3722	190	14	held	hold	VERB
fsr-3722	190	15	in	in	ADP
fsr-3722	190	16	the	the	DET
fsr-3722	190	17	portfolio	portfolio	NOUN
fsr-3722	190	18	drops	drop	VERB
fsr-3722	190	19	as	as	SCONJ
fsr-3722	190	20	the	the	DET
fsr-3722	190	21	yield	yield	NOUN
fsr-3722	190	22	on	on	ADP
fsr-3722	190	23	these	these	DET
fsr-3722	190	24	bonds	bond	NOUN
fsr-3722	190	25	increases	increase	NOUN
fsr-3722	190	26	is	be	AUX
fsr-3722	190	27	due	due	ADJ
fsr-3722	190	28	to	to	ADP
fsr-3722	190	29	the	the	DET
fsr-3722	190	30	fact	fact	NOUN
fsr-3722	190	31	that	that	SCONJ
fsr-3722	190	32	the	the	DET
fsr-3722	190	33	higher	high	ADJ
fsr-3722	190	34	yield	yield	NOUN
fsr-3722	190	35	results	result	NOUN
fsr-3722	190	36	in	in	ADP
fsr-3722	190	37	a	a	DET
fsr-3722	190	38	greater	great	ADJ
fsr-3722	190	39	risk	risk	NOUN
fsr-3722	190	40	of	of	ADP
fsr-3722	190	41	minimum	minimum	ADJ
fsr-3722	190	42	tax	tax	NOUN
fsr-3722	190	43	liability	liability	NOUN
fsr-3722	190	44	.	.	PUNCT
fsr-3722	191	1	hence	hence	ADV
fsr-3722	191	2	,	,	PUNCT
fsr-3722	191	3	the	the	DET
fsr-3722	191	4	risk	risk	NOUN
fsr-3722	191	5	-	-	PUNCT
fsr-3722	191	6	averse	averse	ADJ
fsr-3722	191	7	investor	investor	NOUN
fsr-3722	191	8	may	may	AUX
fsr-3722	191	9	actually	actually	ADV
fsr-3722	191	10	reduce	reduce	VERB
fsr-3722	191	11	their	their	PRON
fsr-3722	191	12	holding	holding	NOUN
fsr-3722	191	13	of	of	ADP
fsr-3722	191	14	private	private	ADJ
fsr-3722	191	15	-	-	PUNCT
fsr-3722	191	16	activity	activity	NOUN
fsr-3722	191	17	as	as	SCONJ
fsr-3722	191	18	the	the	DET
fsr-3722	191	19	yield	yield	NOUN
fsr-3722	191	20	increases	increase	VERB
fsr-3722	191	21	if	if	SCONJ
fsr-3722	191	22	the	the	DET
fsr-3722	191	23	additional	additional	ADJ
fsr-3722	191	24	risk	risk	NOUN
fsr-3722	191	25	is	be	AUX
fsr-3722	191	26	too	too	ADV
fsr-3722	191	27	high	high	ADJ
fsr-3722	191	28	.	.	PUNCT
fsr-3722	192	1	the	the	DET
fsr-3722	192	2	yield	yield	NOUN
fsr-3722	192	3	spread	spread	NOUN
fsr-3722	192	4	is	be	AUX
fsr-3722	192	5	a	a	DET
fsr-3722	192	6	much	much	ADV
fsr-3722	192	7	more	more	ADV
fsr-3722	192	8	significant	significant	ADJ
fsr-3722	192	9	factor	factor	NOUN
fsr-3722	192	10	in	in	ADP
fsr-3722	192	11	the	the	DET
fsr-3722	192	12	allocation	allocation	NOUN
fsr-3722	192	13	decision	decision	NOUN
fsr-3722	192	14	when	when	SCONJ
fsr-3722	192	15	income	income	NOUN
fsr-3722	192	16	uncertainty	uncertainty	NOUN
fsr-3722	192	17	is	be	AUX
fsr-3722	192	18	high	high	ADJ
fsr-3722	192	19	.	.	PUNCT
fsr-3722	193	1	in	in	ADP
fsr-3722	193	2	summary	summary	NOUN
fsr-3722	193	3	,	,	PUNCT
fsr-3722	193	4	this	this	DET
fsr-3722	193	5	comparative	comparative	ADJ
fsr-3722	193	6	analysis	analysis	NOUN
fsr-3722	193	7	illustrates	illustrate	VERB
fsr-3722	193	8	the	the	DET
fsr-3722	193	9	relationship	relationship	NOUN
fsr-3722	193	10	between	between	ADP
fsr-3722	193	11	the	the	DET
fsr-3722	193	12	individual	individual	NOUN
fsr-3722	193	13	’s	’s	PART
fsr-3722	193	14	vulnerability	vulnerability	NOUN
fsr-3722	193	15	to	to	ADP
fsr-3722	193	16	the	the	DET
fsr-3722	193	17	minimum	minimum	ADJ
fsr-3722	193	18	tax	tax	NOUN
fsr-3722	193	19	,	,	PUNCT
fsr-3722	193	20	household	household	NOUN
fsr-3722	193	21	income	income	NOUN
fsr-3722	193	22	uncertainty	uncertainty	NOUN
fsr-3722	193	23	and	and	CCONJ
fsr-3722	193	24	the	the	DET
fsr-3722	193	25	market	market	NOUN
fsr-3722	193	26	yields	yield	NOUN
fsr-3722	193	27	on	on	ADP
fsr-3722	193	28	private	private	ADJ
fsr-3722	193	29	-	-	PUNCT
fsr-3722	193	30	activity	activity	NOUN
fsr-3722	193	31	bonds	bond	NOUN
fsr-3722	193	32	relative	relative	ADJ
fsr-3722	193	33	to	to	ADP
fsr-3722	193	34	essenti~-pu	essenti~-pu	NOUN
fsr-3722	193	35	~	~	X
fsr-3722	193	36	ose	ose	NOUN
fsr-3722	193	37	bonds	bond	NOUN
fsr-3722	193	38	.	.	PUNCT
fsr-3722	194	1	those	those	DET
fsr-3722	194	2	individuals	individual	NOUN
fsr-3722	194	3	with	with	ADP
fsr-3722	194	4	household	household	NOUN
fsr-3722	194	5	median	median	NOUN
fsr-3722	194	6	incomes	income	NOUN
fsr-3722	194	7	below	below	ADP
fsr-3722	194	8	$	$	SYM
fsr-3722	194	9	150,~	150,~	NUM
fsr-3722	194	10	and	and	CCONJ
fsr-3722	194	11	those	those	PRON
fsr-3722	194	12	with	with	ADP
fsr-3722	194	13	low	low	ADJ
fsr-3722	194	14	levels	level	NOUN
fsr-3722	194	15	of	of	ADP
fsr-3722	194	16	preference	preference	NOUN
fsr-3722	194	17	income	income	NOUN
fsr-3722	194	18	(	(	PUNCT
fsr-3722	194	19	other	other	ADJ
fsr-3722	194	20	than	than	ADP
fsr-3722	194	21	private	private	ADJ
fsr-3722	194	22	-	-	PUNCT
fsr-3722	194	23	activity	activity	NOUN
fsr-3722	194	24	bond	bond	NOUN
fsr-3722	194	25	income	income	NOUN
fsr-3722	194	26	)	)	PUNCT
fsr-3722	194	27	and/or	and/or	CCONJ
fsr-3722	194	28	a	a	DET
fsr-3722	194	29	small	small	ADJ
fsr-3722	194	30	tax	tax	NOUN
fsr-3722	194	31	-	-	PUNCT
fsr-3722	194	32	exempt	exempt	ADJ
fsr-3722	194	33	portfolios	portfolio	NOUN
fsr-3722	194	34	,	,	PUNCT
fsr-3722	194	35	should	should	AUX
fsr-3722	194	36	hold	hold	VERB
fsr-3722	194	37	a	a	DET
fsr-3722	194	38	large	large	ADJ
fsr-3722	194	39	proportion	proportion	NOUN
fsr-3722	194	40	if	if	SCONJ
fsr-3722	194	41	not	not	PART
fsr-3722	194	42	all	all	PRON
fsr-3722	194	43	of	of	ADP
fsr-3722	194	44	their	their	PRON
fsr-3722	194	45	tax	tax	NOUN
fsr-3722	194	46	-	-	PUNCT
fsr-3722	194	47	exempt	exempt	ADJ
fsr-3722	194	48	portfolio	portfolio	NOUN
fsr-3722	194	49	in	in	ADP
fsr-3722	194	50	private	private	ADJ
fsr-3722	194	51	-	-	PUNCT
fsr-3722	194	52	activity	activity	NOUN
fsr-3722	194	53	bonds	bond	NOUN
fsr-3722	194	54	.	.	PUNCT
fsr-3722	195	1	in	in	ADP
fsr-3722	195	2	addition	addition	NOUN
fsr-3722	195	3	,	,	PUNCT
fsr-3722	195	4	the	the	PRON
fsr-3722	195	5	greater	great	ADJ
fsr-3722	195	6	the	the	DET
fsr-3722	195	7	uncer	uncer	ADJ
fsr-3722	195	8	tainty	tainty	NOUN
fsr-3722	195	9	of	of	ADP
fsr-3722	195	10	income	income	NOUN
fsr-3722	195	11	the	the	PRON
fsr-3722	195	12	greater	great	ADJ
fsr-3722	195	13	the	the	DET
fsr-3722	195	14	impact	impact	NOUN
fsr-3722	195	15	of	of	ADP
fsr-3722	195	16	market	market	NOUN
fsr-3722	195	17	yield	yield	NOUN
fsr-3722	195	18	spreads	spread	NOUN
fsr-3722	195	19	on	on	ADP
fsr-3722	195	20	the	the	DET
fsr-3722	195	21	allocation	allocation	NOUN
fsr-3722	195	22	decision	decision	NOUN
fsr-3722	195	23	.	.	PUNCT
fsr-3722	196	1	prxvate	prxvate	NOUN
fsr-3722	196	2	-	-	PUNCT
fsr-3722	196	3	activwy	activwy	NOUN
fsr-3722	196	4	bond	bond	NOUN
fsr-3722	196	5	allocation	allocation	NOUN
fsr-3722	196	6	in	in	ADP
fsr-3722	196	7	this	this	DET
fsr-3722	196	8	section	section	NOUN
fsr-3722	196	9	the	the	DET
fsr-3722	196	10	effect	effect	NOUN
fsr-3722	196	11	of	of	ADP
fsr-3722	196	12	~ce	~ce	NOUN
fsr-3722	196	13	~	~	X
fsr-3722	196	14	ainty	ainty	NOUN
fsr-3722	196	15	on	on	ADP
fsr-3722	196	16	the	the	DET
fsr-3722	196	17	optimal	optimal	ADJ
fsr-3722	196	18	allocation	allocation	NOUN
fsr-3722	196	19	to	to	ADP
fsr-3722	196	20	private	private	ADJ
fsr-3722	196	21	~tivity	~tivity	PROPN
fsr-3722	196	22	bonds	bond	NOUN
fsr-3722	196	23	is	be	AUX
fsr-3722	196	24	presented	present	VERB
fsr-3722	196	25	.	.	PUNCT
fsr-3722	197	1	as	as	ADP
fsr-3722	197	2	in	in	ADP
fsr-3722	197	3	the	the	DET
fsr-3722	197	4	previous	previous	ADJ
fsr-3722	197	5	section	section	NOUN
fsr-3722	197	6	,	,	PUNCT
fsr-3722	197	7	after	after	ADP
fsr-3722	197	8	-	-	PUNCT
fsr-3722	197	9	tax	tax	NOUN
fsr-3722	197	10	income	income	NOUN
fsr-3722	197	11	is	be	AUX
fsr-3722	197	12	calculated	calculate	VERB
fsr-3722	197	13	under	under	ADP
fsr-3722	197	14	66	66	NUM
fsr-3722	197	15	financial	financial	ADJ
fsr-3722	197	16	services	service	NOUN
fsr-3722	197	17	review	review	NOUN
fsr-3722	197	18	,	,	PUNCT
fsr-3722	197	19	3(l	3(l	NUM
fsr-3722	197	20	)	)	PUNCT
fsr-3722	197	21	1993	1993	NUM
fsr-3722	197	22	the	the	DET
fsr-3722	197	23	assumptions	assumption	NOUN
fsr-3722	197	24	of	of	ADP
fsr-3722	197	25	joint	joint	ADJ
fsr-3722	197	26	filing	filing	NOUN
fsr-3722	197	27	status	status	NOUN
fsr-3722	197	28	by	by	ADP
fsr-3722	197	29	a	a	DET
fsr-3722	197	30	married	married	ADJ
fsr-3722	197	31	couple	couple	NOUN
fsr-3722	197	32	and	and	CCONJ
fsr-3722	197	33	income	income	NOUN
fsr-3722	197	34	following	follow	VERB
fsr-3722	197	35	a	a	DET
fsr-3722	197	36	pareto	pareto	ADJ
fsr-3722	197	37	distribution	distribution	NOUN
fsr-3722	197	38	.	.	PUNCT
fsr-3722	198	1	risk	risk	NOUN
fsr-3722	198	2	preferences	preference	NOUN
fsr-3722	198	3	of	of	ADP
fsr-3722	198	4	the	the	DET
fsr-3722	198	5	individual	individual	ADJ
fsr-3722	198	6	decision	decision	NOUN
fsr-3722	198	7	-	-	PUNCT
fsr-3722	198	8	maker	maker	NOUN
fsr-3722	198	9	are	be	AUX
fsr-3722	198	10	again	again	ADV
fsr-3722	198	11	characterized	characterize	VERB
fsr-3722	198	12	by	by	ADP
fsr-3722	198	13	decreasing	decrease	VERB
fsr-3722	198	14	absolute	absolute	ADJ
fsr-3722	198	15	risk	risk	NOUN
fsr-3722	198	16	aversion	aversion	NOUN
fsr-3722	198	17	.	.	PUNCT
fsr-3722	199	1	the	the	DET
fsr-3722	199	2	allocation	allocation	NOUN
fsr-3722	199	3	decision	decision	NOUN
fsr-3722	199	4	is	be	AUX
fsr-3722	199	5	presented	present	VERB
fsr-3722	199	6	for	for	ADP
fsr-3722	199	7	different	different	ADJ
fsr-3722	199	8	median	median	ADJ
fsr-3722	199	9	income	income	NOUN
fsr-3722	199	10	levels	level	NOUN
fsr-3722	199	11	,	,	PUNCT
fsr-3722	199	12	different	different	ADJ
fsr-3722	199	13	bond	bond	NOUN
fsr-3722	199	14	yield	yield	NOUN
fsr-3722	199	15	spreads	spread	NOUN
fsr-3722	199	16	,	,	PUNCT
fsr-3722	199	17	and	and	CCONJ
fsr-3722	199	18	different	different	ADJ
fsr-3722	199	19	tax	tax	NOUN
fsr-3722	199	20	-	-	PUNCT
fsr-3722	199	21	exempt	exempt	ADJ
fsr-3722	199	22	portfolio	portfolio	NOUN
fsr-3722	199	23	sizes	size	NOUN
fsr-3722	199	24	.	.	PUNCT
fsr-3722	200	1	optimal	optimal	ADJ
fsr-3722	200	2	private	private	ADJ
fsr-3722	200	3	-	-	PUNCT
fsr-3722	200	4	activity	activity	NOUN
fsr-3722	200	5	bond	bond	NOUN
fsr-3722	200	6	allocation	allocation	NOUN
fsr-3722	200	7	relative	relative	ADJ
fsr-3722	200	8	to	to	PART
fsr-3722	200	9	income	income	VERB
fsr-3722	200	10	the	the	DET
fsr-3722	200	11	first	first	ADJ
fsr-3722	200	12	set	set	NOUN
fsr-3722	200	13	of	of	ADP
fsr-3722	200	14	simulation	simulation	NOUN
fsr-3722	200	15	results	result	NOUN
fsr-3722	200	16	compares	compare	VERB
fsr-3722	200	17	the	the	DET
fsr-3722	200	18	optimal	optimal	ADJ
fsr-3722	200	19	expected	expect	VERB
fsr-3722	200	20	utility	utility	NOUN
fsr-3722	200	21	maximizing	maximize	VERB
fsr-3722	200	22	portfolio	portfolio	NOUN
fsr-3722	200	23	for	for	ADP
fsr-3722	200	24	different	different	ADJ
fsr-3722	200	25	median	median	ADJ
fsr-3722	200	26	income	income	NOUN
fsr-3722	200	27	levels	level	NOUN
fsr-3722	200	28	.	.	PUNCT
fsr-3722	201	1	tax	tax	NOUN
fsr-3722	201	2	-	-	PUNCT
fsr-3722	201	3	exempt	exempt	ADJ
fsr-3722	201	4	portfolio	portfolio	NOUN
fsr-3722	201	5	size	size	NOUN
fsr-3722	201	6	(	(	PUNCT
fsr-3722	201	7	b	b	NOUN
fsr-3722	201	8	)	)	PUNCT
fsr-3722	201	9	is	be	AUX
fsr-3722	201	10	assumed	assume	VERB
fsr-3722	201	11	to	to	PART
fsr-3722	201	12	be	be	AUX
fsr-3722	201	13	100	100	NUM
fsr-3722	201	14	%	%	NOUN
fsr-3722	201	15	of	of	ADP
fsr-3722	201	16	median	median	ADJ
fsr-3722	201	17	income	income	NOUN
fsr-3722	201	18	and	and	CCONJ
fsr-3722	201	19	proportion	proportion	NOUN
fsr-3722	201	20	of	of	ADP
fsr-3722	201	21	income	income	NOUN
fsr-3722	201	22	from	from	ADP
fsr-3722	201	23	preference	preference	NOUN
fsr-3722	201	24	items	item	NOUN
fsr-3722	201	25	other	other	ADJ
fsr-3722	201	26	than	than	ADP
fsr-3722	201	27	private	private	ADJ
fsr-3722	201	28	-	-	PUNCT
fsr-3722	201	29	activity	activity	NOUN
fsr-3722	201	30	bond	bond	NOUN
fsr-3722	201	31	income	income	NOUN
fsr-3722	201	32	plus	plus	CCONJ
fsr-3722	201	33	adjustments	adjustment	NOUN
fsr-3722	201	34	(	(	PUNCT
fsr-3722	201	35	p	p	X
fsr-3722	201	36	)	)	PUNCT
fsr-3722	201	37	is	be	AUX
fsr-3722	201	38	20	20	NUM
fsr-3722	201	39	%	%	NOUN
fsr-3722	201	40	.	.	PUNCT
fsr-3722	202	1	the	the	DET
fsr-3722	202	2	private	private	ADJ
fsr-3722	202	3	-	-	PUNCT
fsr-3722	202	4	activity	activity	NOUN
fsr-3722	202	5	bond	bond	NOUN
fsr-3722	202	6	yield	yield	NOUN
fsr-3722	202	7	for	for	ADP
fsr-3722	202	8	the	the	DET
fsr-3722	202	9	comparison	comparison	NOUN
fsr-3722	202	10	is	be	AUX
fsr-3722	202	11	set	set	VERB
fsr-3722	202	12	at	at	ADP
fsr-3722	202	13	6.93	6.93	NUM
fsr-3722	202	14	%	%	NOUN
fsr-3722	202	15	or	or	CCONJ
fsr-3722	202	16	20	20	NUM
fsr-3722	202	17	basis	basis	NOUN
fsr-3722	202	18	points	point	NOUN
fsr-3722	202	19	greater	great	ADJ
fsr-3722	202	20	than	than	ADP
fsr-3722	202	21	the	the	DET
fsr-3722	202	22	essential	essential	ADJ
fsr-3722	202	23	-	-	PUNCT
fsr-3722	202	24	purpose	purpose	NOUN
fsr-3722	202	25	yield	yield	NOUN
fsr-3722	202	26	of	of	ADP
fsr-3722	202	27	6.73	6.73	NUM
fsr-3722	202	28	.	.	PUNCT
fsr-3722	202	29	”	"	PUNCT
fsr-3722	203	1	median	median	ADJ
fsr-3722	203	2	income	income	NOUN
fsr-3722	203	3	is	be	AUX
fsr-3722	203	4	varied	varied	ADJ
fsr-3722	203	5	from	from	ADP
fsr-3722	203	6	$	$	SYM
fsr-3722	203	7	150,000	150,000	NUM
fsr-3722	203	8	to	to	PART
fsr-3722	203	9	$	$	SYM
fsr-3722	203	10	400,000	400,000	NUM
fsr-3722	203	11	.	.	PUNCT
fsr-3722	204	1	the	the	DET
fsr-3722	204	2	optimal	optimal	ADJ
fsr-3722	204	3	allocations	allocation	NOUN
fsr-3722	204	4	(	(	PUNCT
fsr-3722	204	5	a	a	DET
fsr-3722	204	6	*	*	NOUN
fsr-3722	204	7	)	)	PUNCT
fsr-3722	204	8	are	be	AUX
fsr-3722	204	9	presented	present	VERB
fsr-3722	204	10	in	in	ADP
fsr-3722	204	11	figure	figure	NOUN
fsr-3722	204	12	1	1	NUM
fsr-3722	204	13	.	.	PUNCT
fsr-3722	204	14	first	first	ADV
fsr-3722	204	15	consider	consider	VERB
fsr-3722	204	16	the	the	DET
fsr-3722	204	17	optimal	optimal	ADJ
fsr-3722	204	18	portfolio	portfolio	NOUN
fsr-3722	204	19	for	for	ADP
fsr-3722	204	20	each	each	DET
fsr-3722	204	21	individual	individual	NOUN
fsr-3722	204	22	under	under	ADP
fsr-3722	204	23	household	household	NOUN
fsr-3722	204	24	income	income	NOUN
fsr-3722	204	25	certainty	certainty	NOUN
fsr-3722	204	26	(	(	PUNCT
fsr-3722	204	27	of	of	ADP
fsr-3722	204	28	=	=	NOUN
fsr-3722	204	29	1	1	NUM
fsr-3722	204	30	)	)	PUNCT
fsr-3722	204	31	.	.	PUNCT
fsr-3722	205	1	an	an	DET
fsr-3722	205	2	individual	individual	NOUN
fsr-3722	205	3	with	with	ADP
fsr-3722	205	4	household	household	NOUN
fsr-3722	205	5	income	income	NOUN
fsr-3722	205	6	of	of	ADP
fsr-3722	205	7	$	$	SYM
fsr-3722	205	8	150,000	150,000	NUM
fsr-3722	205	9	will	will	AUX
fsr-3722	205	10	not	not	PART
fsr-3722	205	11	be	be	AUX
fsr-3722	205	12	subject	subject	ADJ
fsr-3722	205	13	to	to	ADP
fsr-3722	205	14	the	the	DET
fsr-3722	205	15	minimum	minimum	ADJ
fsr-3722	205	16	tax	tax	NOUN
fsr-3722	205	17	regardless	regardless	ADV
fsr-3722	205	18	of	of	ADP
fsr-3722	205	19	the	the	DET
fsr-3722	205	20	allocation	allocation	NOUN
fsr-3722	205	21	to	to	ADP
fsr-3722	205	22	private	private	ADJ
fsr-3722	205	23	-	-	PUNCT
fsr-3722	205	24	activity	activity	NOUN
fsr-3722	205	25	bonds	bond	NOUN
fsr-3722	205	26	and	and	CCONJ
fsr-3722	205	27	will	will	AUX
fsr-3722	205	28	therefore	therefore	ADV
fsr-3722	205	29	allocate	allocate	VERB
fsr-3722	205	30	100	100	NUM
fsr-3722	205	31	%	%	NOUN
fsr-3722	205	32	of	of	ADP
fsr-3722	205	33	the	the	DET
fsr-3722	205	34	portfolio	portfolio	NOUN
fsr-3722	205	35	to	to	ADP
fsr-3722	205	36	private	private	ADJ
fsr-3722	205	37	-	-	PUNCT
fsr-3722	205	38	activity	activity	NOUN
fsr-3722	205	39	bonds	bond	NOUN
fsr-3722	205	40	.	.	PUNCT
fsr-3722	206	1	individuals	individual	NOUN
fsr-3722	206	2	with	with	ADP
fsr-3722	206	3	household	household	NOUN
fsr-3722	206	4	incomes	income	NOUN
fsr-3722	206	5	of	of	ADP
fsr-3722	206	6	$	$	SYM
fsr-3722	206	7	200,000	200,000	NUM
fsr-3722	206	8	and	and	CCONJ
fsr-3722	206	9	$	$	SYM
fsr-3722	206	10	300,000	300,000	NUM
fsr-3722	206	11	will	will	AUX
fsr-3722	206	12	allocate	allocate	VERB
fsr-3722	206	13	a	a	DET
fsr-3722	206	14	portion	portion	NOUN
fsr-3722	206	15	of	of	ADP
fsr-3722	206	16	the	the	DET
fsr-3722	206	17	portfolio	portfolio	NOUN
fsr-3722	206	18	to	to	ADP
fsr-3722	206	19	private	private	ADJ
fsr-3722	206	20	-	-	PUNCT
fsr-3722	206	21	activity	activity	NOUN
fsr-3722	206	22	bonds	bond	NOUN
fsr-3722	206	23	such	such	ADJ
fsr-3722	206	24	that	that	SCONJ
fsr-3722	206	25	the	the	DET
fsr-3722	206	26	regular	regular	ADJ
fsr-3722	206	27	tax	tax	NOUN
fsr-3722	206	28	liability	liability	NOUN
fsr-3722	206	29	equals	equal	VERB
fsr-3722	206	30	the	the	DET
fsr-3722	206	31	minimum	minimum	ADJ
fsr-3722	206	32	tax	tax	NOUN
fsr-3722	206	33	liability	liability	NOUN
fsr-3722	206	34	.	.	PUNCT
fsr-3722	207	1	the	the	DET
fsr-3722	207	2	individual	individual	NOUN
fsr-3722	207	3	with	with	ADP
fsr-3722	207	4	household	household	NOUN
fsr-3722	207	5	income	income	NOUN
fsr-3722	207	6	of	of	ADP
fsr-3722	207	7	$	$	SYM
fsr-3722	207	8	300,000	300,000	NUM
fsr-3722	207	9	as	as	SCONJ
fsr-3722	207	10	compared	compare	VERB
fsr-3722	207	11	to	to	ADP
fsr-3722	207	12	the	the	DET
fsr-3722	207	13	individual	individual	NOUN
fsr-3722	207	14	with	with	ADP
fsr-3722	207	15	household	household	NOUN
fsr-3722	207	16	income	income	NOUN
fsr-3722	207	17	of	of	ADP
fsr-3722	207	18	$	$	SYM
fsr-3722	207	19	200,000	200,000	NUM
fsr-3722	207	20	has	have	VERB
fsr-3722	207	21	a	a	DET
fsr-3722	207	22	higher	high	ADJ
fsr-3722	207	23	effective	effective	ADJ
fsr-3722	207	24	regular	regular	ADJ
fsr-3722	207	25	tax	tax	NOUN
fsr-3722	207	26	rate	rate	NOUN
fsr-3722	207	27	but	but	CCONJ
fsr-3722	207	28	also	also	ADV
fsr-3722	207	29	has	have	VERB
fsr-3722	207	30	a	a	DET
fsr-3722	207	31	significantly	significantly	ADV
fsr-3722	207	32	higher	high	ADJ
fsr-3722	207	33	effective	effective	ADJ
fsr-3722	207	34	mini	mini	ADJ
fsr-3722	207	35	mum	mum	NOUN
fsr-3722	207	36	tax	tax	NOUN
fsr-3722	207	37	rate	rate	NOUN
fsr-3722	207	38	and	and	CCONJ
fsr-3722	207	39	therefore	therefore	ADV
fsr-3722	207	40	allocates	allocate	VERB
fsr-3722	207	41	a	a	DET
fsr-3722	207	42	smaller	small	ADJ
fsr-3722	207	43	portion	portion	NOUN
fsr-3722	207	44	(	(	PUNCT
fsr-3722	207	45	27	27	NUM
fsr-3722	207	46	%	%	NOUN
fsr-3722	207	47	as	as	SCONJ
fsr-3722	207	48	opposed	oppose	VERB
fsr-3722	207	49	to	to	ADP
fsr-3722	207	50	57	57	NUM
fsr-3722	207	51	%	%	NOUN
fsr-3722	207	52	for	for	ADP
fsr-3722	207	53	incomes	income	NOUN
fsr-3722	207	54	of	of	ADP
fsr-3722	207	55	$	$	SYM
fsr-3722	207	56	200,000	200,000	NUM
fsr-3722	207	57	)	)	PUNCT
fsr-3722	207	58	of	of	ADP
fsr-3722	207	59	the	the	DET
fsr-3722	207	60	portfolio	portfolio	NOUN
fsr-3722	207	61	to	to	ADP
fsr-3722	207	62	private	private	ADJ
fsr-3722	207	63	-	-	PUNCT
fsr-3722	207	64	activity	activity	NOUN
fsr-3722	207	65	bonds	bond	NOUN
fsr-3722	207	66	.	.	PUNCT
fsr-3722	208	1	the	the	DET
fsr-3722	208	2	higher	high	ADJ
fsr-3722	208	3	effective	effective	ADJ
fsr-3722	208	4	minimum	minimum	ADJ
fsr-3722	208	5	tax	tax	NOUN
fsr-3722	208	6	rate	rate	NOUN
fsr-3722	208	7	is	be	AUX
fsr-3722	208	8	due	due	ADJ
fsr-3722	208	9	to	to	ADP
fsr-3722	208	10	the	the	DET
fsr-3722	208	11	minimum	minimum	ADJ
fsr-3722	208	12	taxable	taxable	ADJ
fsr-3722	208	13	income	income	NOUN
fsr-3722	208	14	exemption	exemption	NOUN
fsr-3722	208	15	phaseout	phaseout	NOUN
fsr-3722	208	16	that	that	PRON
fsr-3722	208	17	occurs	occur	VERB
fsr-3722	208	18	for	for	ADP
fsr-3722	208	19	high	high	ADJ
fsr-3722	208	20	income	income	NOUN
fsr-3722	208	21	households	household	NOUN
fsr-3722	208	22	.	.	PUNCT
fsr-3722	209	1	for	for	ADP
fsr-3722	209	2	example	example	NOUN
fsr-3722	209	3	,	,	PUNCT
fsr-3722	209	4	a	a	DET
fsr-3722	209	5	married	married	ADJ
fsr-3722	209	6	couple	couple	NOUN
fsr-3722	209	7	filing	file	VERB
fsr-3722	209	8	a	a	DET
fsr-3722	209	9	joint	joint	ADJ
fsr-3722	209	10	return	return	NOUN
fsr-3722	209	11	will	will	AUX
fsr-3722	209	12	have	have	VERB
fsr-3722	209	13	a	a	DET
fsr-3722	209	14	$	$	SYM
fsr-3722	209	15	40,000	40,000	NUM
fsr-3722	209	16	minimum	minimum	ADJ
fsr-3722	209	17	taxable	taxable	ADJ
fsr-3722	209	18	income	income	NOUN
fsr-3722	209	19	exemption	exemption	NOUN
fsr-3722	209	20	that	that	PRON
fsr-3722	209	21	is	be	AUX
fsr-3722	209	22	phased	phase	VERB
fsr-3722	209	23	out	out	ADP
fsr-3722	209	24	at	at	ADP
fsr-3722	209	25	a	a	DET
fsr-3722	209	26	rate	rate	NOUN
fsr-3722	209	27	of	of	ADP
fsr-3722	209	28	25	25	NUM
fsr-3722	209	29	%	%	NOUN
fsr-3722	209	30	for	for	ADP
fsr-3722	209	31	every	every	DET
fsr-3722	209	32	dollar	dollar	NOUN
fsr-3722	209	33	minimum	minimum	ADJ
fsr-3722	209	34	taxable	taxable	ADJ
fsr-3722	209	35	income	income	NOUN
fsr-3722	209	36	exceeds	exceed	VERB
fsr-3722	209	37	$	$	SYM
fsr-3722	209	38	150,000	150,000	NUM
fsr-3722	209	39	.	.	PUNCT
fsr-3722	210	1	the	the	DET
fsr-3722	210	2	$	$	SYM
fsr-3722	210	3	40,000	40,000	NUM
fsr-3722	210	4	exemption	exemption	NOUN
fsr-3722	210	5	is	be	AUX
fsr-3722	210	6	phased	phase	VERB
fsr-3722	210	7	out	out	ADP
fsr-3722	210	8	completely	completely	ADV
fsr-3722	210	9	at	at	ADP
fsr-3722	210	10	an	an	DET
fsr-3722	210	11	income	income	NOUN
fsr-3722	210	12	of	of	ADP
fsr-3722	210	13	$	$	SYM
fsr-3722	210	14	310,000	310,000	NUM
fsr-3722	210	15	.	.	PUNCT
fsr-3722	211	1	the	the	DET
fsr-3722	211	2	individual	individual	NOUN
fsr-3722	211	3	with	with	ADP
fsr-3722	211	4	household	household	NOUN
fsr-3722	211	5	income	income	NOUN
fsr-3722	211	6	of	of	ADP
fsr-3722	211	7	$	$	SYM
fsr-3722	211	8	400,000	400,000	NUM
fsr-3722	211	9	as	as	SCONJ
fsr-3722	211	10	compared	compare	VERB
fsr-3722	211	11	to	to	ADP
fsr-3722	211	12	the	the	DET
fsr-3722	211	13	individual	individual	ADJ
fsr-3722	211	14	household	household	NOUN
fsr-3722	211	15	income	income	NOUN
fsr-3722	211	16	of	of	ADP
fsr-3722	211	17	$	$	SYM
fsr-3722	211	18	300,000	300,000	NUM
fsr-3722	211	19	has	have	VERB
fsr-3722	211	20	a	a	DET
fsr-3722	211	21	higher	high	ADJ
fsr-3722	211	22	effective	effective	ADJ
fsr-3722	211	23	regular	regular	ADJ
fsr-3722	211	24	tax	tax	NOUN
fsr-3722	211	25	rate	rate	NOUN
fsr-3722	211	26	and	and	CCONJ
fsr-3722	211	27	virtually	virtually	ADV
fsr-3722	211	28	the	the	DET
fsr-3722	211	29	same	same	ADJ
fsr-3722	211	30	minimum	minimum	ADJ
fsr-3722	211	31	tax	tax	NOUN
fsr-3722	211	32	rate	rate	NOUN
fsr-3722	211	33	and	and	CCONJ
fsr-3722	211	34	therefore	therefore	ADV
fsr-3722	211	35	allocates	allocate	VERB
fsr-3722	211	36	a	a	DET
fsr-3722	211	37	larger	large	ADJ
fsr-3722	211	38	portion	portion	NOUN
fsr-3722	211	39	of	of	ADP
fsr-3722	211	40	the	the	DET
fsr-3722	211	41	portfolio	portfolio	NOUN
fsr-3722	211	42	(	(	PUNCT
fsr-3722	211	43	53	53	NUM
fsr-3722	211	44	%	%	NOUN
fsr-3722	211	45	as	as	SCONJ
fsr-3722	211	46	opposed	oppose	VERB
fsr-3722	211	47	to	to	ADP
fsr-3722	211	48	27	27	NUM
fsr-3722	211	49	%	%	NOUN
fsr-3722	211	50	for	for	ADP
fsr-3722	211	51	the	the	DET
fsr-3722	211	52	income	income	NOUN
fsr-3722	211	53	of	of	ADP
fsr-3722	211	54	$	$	SYM
fsr-3722	211	55	300,000	300,000	NUM
fsr-3722	211	56	)	)	PUNCT
fsr-3722	211	57	to	to	ADP
fsr-3722	211	58	private	private	ADJ
fsr-3722	211	59	-	-	PUNCT
fsr-3722	211	60	ac	ac	PROPN
fsr-3722	211	61	tivity	tivity	NOUN
fsr-3722	211	62	bonds	bond	NOUN
fsr-3722	211	63	.	.	PUNCT
fsr-3722	212	1	now	now	ADV
fsr-3722	212	2	consider	consider	VERB
fsr-3722	212	3	the	the	DET
fsr-3722	212	4	change	change	NOUN
fsr-3722	212	5	in	in	ADP
fsr-3722	212	6	ct	ct	PROPN
fsr-3722	212	7	*	*	NOUN
fsr-3722	212	8	relative	relative	ADJ
fsr-3722	212	9	to	to	ADP
fsr-3722	212	10	income	income	NOUN
fsr-3722	212	11	uncertainty	uncertainty	NOUN
fsr-3722	212	12	.	.	PUNCT
fsr-3722	213	1	individuals	individual	NOUN
fsr-3722	213	2	with	with	ADP
fsr-3722	213	3	household	household	NOUN
fsr-3722	213	4	median	median	ADJ
fsr-3722	213	5	income	income	NOUN
fsr-3722	213	6	of	of	ADP
fsr-3722	213	7	$	$	SYM
fsr-3722	213	8	150,000	150,000	NUM
fsr-3722	213	9	have	have	VERB
fsr-3722	213	10	a	a	DET
fsr-3722	213	11	very	very	ADV
fsr-3722	213	12	low	low	ADJ
fsr-3722	213	13	probability	probability	NOUN
fsr-3722	213	14	of	of	ADP
fsr-3722	213	15	being	be	AUX
fsr-3722	213	16	subject	subject	ADJ
fsr-3722	213	17	to	to	ADP
fsr-3722	213	18	the	the	DET
fsr-3722	213	19	minimum	minimum	ADJ
fsr-3722	213	20	tax	tax	NOUN
fsr-3722	213	21	and	and	CCONJ
fsr-3722	213	22	therefore	therefore	ADV
fsr-3722	213	23	hold	hold	VERB
fsr-3722	213	24	100	100	NUM
fsr-3722	213	25	%	%	NOUN
fsr-3722	213	26	private	private	ADJ
fsr-3722	213	27	-	-	PUNCT
fsr-3722	213	28	activity	activity	NOUN
fsr-3722	213	29	bonds	bond	NOUN
fsr-3722	213	30	until	until	SCONJ
fsr-3722	213	31	df	df	PROPN
fsr-3722	213	32	is	be	AUX
fsr-3722	213	33	greater	great	ADJ
fsr-3722	213	34	than	than	ADP
fsr-3722	213	35	1.16	1.16	NUM
fsr-3722	213	36	.	.	PUNCT
fsr-3722	214	1	as	as	SCONJ
fsr-3722	214	2	df	df	PROPN
fsr-3722	214	3	increases	increase	VERB
fsr-3722	214	4	above	above	ADP
fsr-3722	214	5	1.16	1.16	NUM
fsr-3722	214	6	the	the	DET
fsr-3722	214	7	risk	risk	NOUN
fsr-3722	214	8	of	of	ADP
fsr-3722	214	9	a	a	DET
fsr-3722	214	10	minimum	minimum	ADJ
fsr-3722	214	11	tax	tax	NOUN
fsr-3722	214	12	becomes	become	VERB
fsr-3722	214	13	significant	significant	ADJ
fsr-3722	214	14	enough	enough	ADV
fsr-3722	214	15	to	to	PART
fsr-3722	214	16	induce	induce	VERB
fsr-3722	214	17	the	the	DET
fsr-3722	214	18	individual	individual	NOUN
fsr-3722	214	19	to	to	PART
fsr-3722	214	20	reduce	reduce	VERB
fsr-3722	214	21	their	their	PRON
fsr-3722	214	22	holding	holding	NOUN
fsr-3722	214	23	of	of	ADP
fsr-3722	214	24	private	private	ADJ
fsr-3722	214	25	-	-	PUNCT
fsr-3722	214	26	activity	activity	NOUN
fsr-3722	214	27	bonds	bond	NOUN
fsr-3722	214	28	.	.	PUNCT
fsr-3722	215	1	iniiividunl	iniiividunl	VERB
fsr-3722	215	2	tar	tar	NOUN
fsr-3722	215	3	-	-	PUNCT
fsr-3722	215	4	exempt	exempt	ADJ
fsr-3722	215	5	bond	bond	NOUN
fsr-3722	215	6	por@oi?o	por@oi?o	NOUN
fsr-3722	215	7	67	67	NUM
fsr-3722	215	8	d	d	NOUN
fsr-3722	215	9	op	op	NOUN
fsr-3722	215	10	allocation	allocation	NOUN
fsr-3722	215	11	to	to	PART
fsr-3722	215	12	prlvate	prlvate	VERB
fsr-3722	215	13	aetivity	aetivity	NOUN
fsr-3722	215	14	602	602	NUM
fsr-3722	215	15	i	i	PRON
fsr-3722	215	16	i	i	PRON
fsr-3722	215	17	0	0	NUM
fsr-3722	216	1	%	%	NOUN
fsr-3722	217	1	i	i	PRON
fsr-3722	217	2	i	i	VERB
fsr-3722	217	3	1	1	NUM
fsr-3722	217	4	,	,	PUNCT
fsr-3722	217	5	1	1	NUM
fsr-3722	217	6	1.05	1.05	NUM
fsr-3722	217	7	1.1	1.1	NUM
fsr-3722	217	8	1.15	1.15	NUM
fsr-3722	217	9	12	12	NUM
fsr-3722	217	10	125	125	NUM
fsr-3722	217	11	df	df	NOUN
fsr-3722	217	12	dispersion	dispersion	NOUN
fsr-3722	217	13	factor	factor	NOUN
fsr-3722	217	14	n	n	CCONJ
fsr-3722	217	15	$	$	SYM
fsr-3722	217	16	1se	1se	NOUN
fsr-3722	217	17	,	,	PUNCT
fsr-3722	217	18	ooo	ooo	INTJ
fsr-3722	217	19	+	+	CCONJ
fsr-3722	217	20	$	$	SYM
fsr-3722	217	21	2oomo	2oomo	NUM
fsr-3722	217	22	0	0	NUM
fsr-3722	217	23	t	t	NOUN
fsr-3722	217	24	=	=	NOUN
fsr-3722	217	25	omo	omo	PROPN
fsr-3722	217	26	a	a	DET
fsr-3722	217	27	@oqooo	@oqooo	PROPN
fsr-3722	217	28	figure	figure	NOUN
fsr-3722	217	29	1	1	NUM
fsr-3722	217	30	.	.	PUNCT
fsr-3722	218	1	the	the	DET
fsr-3722	218	2	optimal	optimal	ADJ
fsr-3722	218	3	allocation	allocation	NOUN
fsr-3722	218	4	to	to	PART
fsr-3722	218	5	ovate	ovate	VERB
fsr-3722	218	6	-	-	PUNCT
fsr-3722	218	7	activi~	activi~	PROPN
fsr-3722	218	8	bonds	bond	NOUN
fsr-3722	218	9	(	(	PUNCT
fsr-3722	218	10	a	a	DET
fsr-3722	218	11	*	*	NOUN
fsr-3722	218	12	)	)	PUNCT
fsr-3722	218	13	relative	relative	ADJ
fsr-3722	218	14	to	to	ADP
fsr-3722	218	15	the	the	DET
fsr-3722	218	16	dispersion	dispersion	NOUN
fsr-3722	218	17	factor	factor	NOUN
fsr-3722	218	18	of	of	ADP
fsr-3722	218	19	income	income	NOUN
fsr-3722	218	20	(	(	PUNCT
fsr-3722	218	21	d8	d8	PROPN
fsr-3722	218	22	’	'	PUNCT
fsr-3722	218	23	)	)	PUNCT
fsr-3722	218	24	for	for	ADP
fsr-3722	218	25	different	different	ADJ
fsr-3722	218	26	median	median	ADJ
fsr-3722	218	27	incomes	income	NOUN
fsr-3722	218	28	.	.	PUNCT
fsr-3722	219	1	note	note	NOUN
fsr-3722	219	2	:	:	PUNCT
fsr-3722	219	3	income	income	NOUN
fsr-3722	219	4	follows	follow	VERB
fsr-3722	219	5	a	a	DET
fsr-3722	219	6	pareto	pareto	ADJ
fsr-3722	219	7	distribution	distribution	NOUN
fsr-3722	219	8	and	and	CCONJ
fsr-3722	219	9	after	after	ADP
fsr-3722	219	10	-	-	PUNCT
fsr-3722	219	11	tax	tax	NOUN
fsr-3722	219	12	income	income	NOUN
fsr-3722	219	13	is	be	AUX
fsr-3722	219	14	calculated	calculate	VERB
fsr-3722	219	15	assuming	assume	VERB
fsr-3722	219	16	a	a	DET
fsr-3722	219	17	joint	joint	ADJ
fsr-3722	219	18	filing	filing	NOUN
fsr-3722	219	19	status	status	NOUN
fsr-3722	219	20	for	for	ADP
fsr-3722	219	21	a	a	DET
fsr-3722	219	22	married	married	ADJ
fsr-3722	219	23	couple	couple	NOUN
fsr-3722	219	24	.	.	PUNCT
fsr-3722	220	1	the	the	DET
fsr-3722	220	2	risk	risk	NOUN
fsr-3722	220	3	preferences	preference	NOUN
fsr-3722	220	4	of	of	ADP
fsr-3722	220	5	the	the	DET
fsr-3722	220	6	individual	individual	ADJ
fsr-3722	220	7	decision	decision	NOUN
fsr-3722	220	8	-	-	PUNCT
fsr-3722	220	9	maker	maker	NOUN
fsr-3722	220	10	are	be	AUX
fsr-3722	220	11	characterized	characterize	VERB
fsr-3722	220	12	by	by	ADP
fsr-3722	220	13	decreasing	decrease	VERB
fsr-3722	220	14	absolute	absolute	ADJ
fsr-3722	220	15	risk	risk	NOUN
fsr-3722	220	16	aversion	aversion	NOUN
fsr-3722	220	17	.	.	PUNCT
fsr-3722	221	1	investable	investable	ADJ
fsr-3722	221	2	wealth	wealth	NOUN
fsr-3722	221	3	(	(	PUNCT
fsr-3722	221	4	b	b	NOUN
fsr-3722	221	5	)	)	PUNCT
fsr-3722	221	6	is	be	AUX
fsr-3722	221	7	100	100	NUM
fsr-3722	221	8	%	%	NOUN
fsr-3722	221	9	of	of	ADP
fsr-3722	221	10	median	median	ADJ
fsr-3722	221	11	income	income	NOUN
fsr-3722	221	12	,	,	PUNCT
fsr-3722	221	13	the	the	DET
fsr-3722	221	14	proportion	proportion	NOUN
fsr-3722	221	15	of	of	ADP
fsr-3722	221	16	income	income	NOUN
fsr-3722	221	17	from	from	ADP
fsr-3722	221	18	preference	preference	NOUN
fsr-3722	221	19	items	item	NOUN
fsr-3722	221	20	(	(	PUNCT
fsr-3722	221	21	other	other	ADJ
fsr-3722	221	22	that	that	SCONJ
fsr-3722	221	23	private	private	ADJ
fsr-3722	221	24	-	-	PUNCT
fsr-3722	221	25	activity	activity	NOUN
fsr-3722	221	26	bond	bond	NOUN
fsr-3722	221	27	income	income	NOUN
fsr-3722	221	28	)	)	PUNCT
fsr-3722	221	29	and	and	CCONJ
fsr-3722	221	30	adjustments	adjustment	NOUN
fsr-3722	221	31	(	(	PUNCT
fsr-3722	221	32	p	p	X
fsr-3722	221	33	)	)	PUNCT
fsr-3722	221	34	totals	total	NOUN
fsr-3722	221	35	20	20	NUM
fsr-3722	221	36	%	%	NOUN
fsr-3722	221	37	.	.	PUNCT
fsr-3722	222	1	the	the	DET
fsr-3722	222	2	bonds	bond	NOUN
fsr-3722	222	3	mature	mature	VERB
fsr-3722	222	4	in	in	ADP
fsr-3722	222	5	one	one	NUM
fsr-3722	222	6	time	time	NOUN
fsr-3722	222	7	period	period	NOUN
fsr-3722	222	8	,	,	PUNCT
fsr-3722	222	9	are	be	AUX
fsr-3722	222	10	not	not	PART
fsr-3722	222	11	sold	sell	VERB
fsr-3722	222	12	short	short	ADJ
fsr-3722	222	13	,	,	PUNCT
fsr-3722	222	14	and	and	CCONJ
fsr-3722	222	15	are	be	AUX
fsr-3722	222	16	in	in	ADP
fsr-3722	222	17	all	all	DET
fsr-3722	222	18	other	other	ADJ
fsr-3722	222	19	aspects	aspect	NOUN
fsr-3722	222	20	identical	identical	ADJ
fsr-3722	222	21	except	except	SCONJ
fsr-3722	222	22	for	for	ADP
fsr-3722	222	23	their	their	PRON
fsr-3722	222	24	tax	tax	NOUN
fsr-3722	222	25	treatment	treatment	NOUN
fsr-3722	222	26	and	and	CCONJ
fsr-3722	222	27	yields	yield	NOUN
fsr-3722	222	28	.	.	PUNCT
fsr-3722	223	1	the	the	DET
fsr-3722	223	2	yield	yield	NOUN
fsr-3722	223	3	of	of	ADP
fsr-3722	223	4	the	the	DET
fsr-3722	223	5	private	private	ADJ
fsr-3722	223	6	-	-	PUNCT
fsr-3722	223	7	activity	activity	NOUN
fsr-3722	223	8	bond	bond	NOUN
fsr-3722	223	9	and	and	CCONJ
fsr-3722	223	10	the	the	DET
fsr-3722	223	11	essential	essential	ADJ
fsr-3722	223	12	-	-	PUNCT
fsr-3722	223	13	pur	pur	NOUN
fsr-3722	223	14	pose	pose	NOUN
fsr-3722	223	15	bond	bond	NOUN
fsr-3722	223	16	are	be	AUX
fsr-3722	223	17	6.93	6.93	NUM
fsr-3722	223	18	%	%	NOUN
fsr-3722	223	19	and	and	CCONJ
fsr-3722	223	20	6.73	6.73	NUM
fsr-3722	223	21	%	%	NOUN
fsr-3722	223	22	respectively	respectively	ADV
fsr-3722	223	23	.	.	PUNCT
fsr-3722	223	24	individu	individu	PROPN
fsr-3722	224	1	~	~	SYM
fsr-3722	224	2	s	s	X
fsr-3722	224	3	with	with	ADP
fsr-3722	224	4	hou	hou	NOUN
fsr-3722	224	5	~	~	NOUN
fsr-3722	224	6	hold	hold	VERB
fsr-3722	224	7	medii	medii	NOUN
fsr-3722	224	8	incomes	income	NOUN
fsr-3722	224	9	of	of	ADP
fsr-3722	224	10	$	$	SYM
fsr-3722	224	11	2~,~	2~,~	NUM
fsr-3722	224	12	will	will	AUX
fsr-3722	224	13	experience	experience	VERB
fsr-3722	224	14	a	a	DET
fsr-3722	224	15	higher	high	ADJ
fsr-3722	224	16	effective	effective	ADJ
fsr-3722	224	17	~irn~	~irn~	PUNCT
fsr-3722	224	18	tax	tax	NOUN
fsr-3722	224	19	rate	rate	NOUN
fsr-3722	224	20	under	under	ADP
fsr-3722	224	21	higher	high	ADJ
fsr-3722	224	22	levels	level	NOUN
fsr-3722	224	23	of	of	ADP
fsr-3722	224	24	~~~~nty	~~~~nty	NUM
fsr-3722	224	25	because	because	SCONJ
fsr-3722	224	26	of	of	ADP
fsr-3722	224	27	the	the	DET
fsr-3722	224	28	minimum	minimum	ADJ
fsr-3722	224	29	taxable	taxable	ADJ
fsr-3722	224	30	income	income	NOUN
fsr-3722	224	31	exemption	exemption	NOUN
fsr-3722	224	32	phaseout	phaseout	NOUN
fsr-3722	224	33	that	that	PRON
fsr-3722	224	34	occurs	occur	VERB
fsr-3722	224	35	in	in	ADP
fsr-3722	224	36	this	this	DET
fsr-3722	224	37	example	example	NOUN
fsr-3722	224	38	be	be	AUX
fsr-3722	224	39	tween	tween	VERB
fsr-3722	224	40	$	$	SYM
fsr-3722	224	41	150,000	150,000	NUM
fsr-3722	224	42	and	and	CCONJ
fsr-3722	224	43	$	$	SYM
fsr-3722	224	44	310,000	310,000	NUM
fsr-3722	224	45	.	.	PUNCT
fsr-3722	225	1	therefore	therefore	ADV
fsr-3722	225	2	the	the	DET
fsr-3722	225	3	optimal	optimal	ADJ
fsr-3722	225	4	holding	holding	NOUN
fsr-3722	225	5	of	of	ADP
fsr-3722	225	6	private	private	ADJ
fsr-3722	225	7	-	-	PUNCT
fsr-3722	225	8	activity	activity	NOUN
fsr-3722	225	9	bonds	bond	NOUN
fsr-3722	225	10	(	(	PUNCT
fsr-3722	225	11	a	a	DET
fsr-3722	225	12	*	*	NOUN
fsr-3722	225	13	)	)	PUNCT
fsr-3722	225	14	decreases	decrease	NOUN
fsr-3722	225	15	with	with	ADP
fsr-3722	225	16	increasing	increase	VERB
fsr-3722	225	17	uncertainty	uncertainty	NOUN
fsr-3722	225	18	(	(	PUNCT
fsr-3722	225	19	of	of	ADP
fsr-3722	225	20	’	'	PUNCT
fsr-3722	225	21	)	)	PUNCT
fsr-3722	225	22	.	.	PUNCT
fsr-3722	226	1	the	the	DET
fsr-3722	226	2	optimal	optimal	ADJ
fsr-3722	226	3	allocation	allocation	NOUN
fsr-3722	226	4	to	to	ADP
fsr-3722	226	5	private	private	ADJ
fsr-3722	226	6	-	-	PUNCT
fsr-3722	226	7	activity	activity	NOUN
fsr-3722	226	8	bonds	bond	NOUN
fsr-3722	226	9	relative	relative	ADJ
fsr-3722	226	10	to	to	ADP
fsr-3722	226	11	uncertainty	uncertainty	NOUN
fsr-3722	226	12	levels	level	NOUN
fsr-3722	226	13	off	off	ADP
fsr-3722	226	14	at	at	ADP
fsr-3722	226	15	high	high	ADJ
fsr-3722	226	16	levels	level	NOUN
fsr-3722	226	17	of	of	ADP
fsr-3722	226	18	uncertainty	uncertainty	NOUN
fsr-3722	226	19	because	because	SCONJ
fsr-3722	226	20	the	the	DET
fsr-3722	226	21	probability	probability	NOUN
fsr-3722	226	22	of	of	ADP
fsr-3722	226	23	income	income	NOUN
fsr-3722	226	24	falling	fall	VERB
fsr-3722	226	25	above	above	ADP
fsr-3722	226	26	the	the	DET
fsr-3722	226	27	upper	upper	ADJ
fsr-3722	226	28	limit	limit	NOUN
fsr-3722	226	29	of	of	ADP
fsr-3722	226	30	the	the	DET
fsr-3722	226	31	phaseout	phaseout	ADJ
fsr-3722	226	32	range	range	NOUN
fsr-3722	226	33	increases	increase	NOUN
fsr-3722	226	34	and	and	CCONJ
fsr-3722	226	35	the	the	DET
fsr-3722	226	36	effective	effective	ADJ
fsr-3722	226	37	minimum	minimum	ADJ
fsr-3722	226	38	tax	tax	NOUN
fsr-3722	226	39	rate	rate	NOUN
fsr-3722	226	40	is	be	AUX
fsr-3722	226	41	constant	constant	ADJ
fsr-3722	226	42	in	in	ADP
fsr-3722	226	43	income	income	NOUN
fsr-3722	226	44	above	above	ADP
fsr-3722	226	45	this	this	DET
fsr-3722	226	46	upper	upper	ADJ
fsr-3722	226	47	limit	limit	NOUN
fsr-3722	226	48	.	.	PUNCT
fsr-3722	227	1	individuals	individual	NOUN
fsr-3722	227	2	with	with	ADP
fsr-3722	227	3	household	household	NOUN
fsr-3722	227	4	median	median	NOUN
fsr-3722	227	5	income	income	NOUN
fsr-3722	227	6	levels	level	NOUN
fsr-3722	227	7	of	of	ADP
fsr-3722	227	8	both	both	CCONJ
fsr-3722	227	9	$	$	SYM
fsr-3722	227	10	3~,~	3~,~	NUM
fsr-3722	227	11	and	and	CCONJ
fsr-3722	227	12	$	$	SYM
fsr-3722	227	13	4~,~	4~,~	NUM
fsr-3722	227	14	will	will	AUX
fsr-3722	227	15	slightly	slightly	ADV
fsr-3722	227	16	reduce	reduce	VERB
fsr-3722	227	17	a	a	PRON
fsr-3722	227	18	*	*	NOUN
fsr-3722	227	19	as	as	ADP
fsr-3722	227	20	df	df	NOUN
fsr-3722	227	21	increases	increase	NOUN
fsr-3722	227	22	because	because	SCONJ
fsr-3722	227	23	at	at	ADP
fsr-3722	227	24	these	these	DET
fsr-3722	227	25	income	income	NOUN
fsr-3722	227	26	levels	level	NOUN
fsr-3722	227	27	the	the	DET
fsr-3722	227	28	effective	effective	ADJ
fsr-3722	227	29	minimum	minimum	ADJ
fsr-3722	227	30	tax	tax	NOUN
fsr-3722	227	31	rate	rate	NOUN
fsr-3722	227	32	is	be	AUX
fsr-3722	227	33	virtually	virtually	ADV
fsr-3722	227	34	constant	constant	ADJ
fsr-3722	227	35	in	in	ADP
fsr-3722	227	36	income	income	NOUN
fsr-3722	227	37	.	.	PUNCT
fsr-3722	228	1	68	68	NUM
fsr-3722	228	2	financial	financial	ADJ
fsr-3722	228	3	services	service	NOUN
fsr-3722	228	4	review	review	NOUN
fsr-3722	228	5	,	,	PUNCT
fsr-3722	228	6	3(l	3(l	NUM
fsr-3722	228	7	)	)	PUNCT
fsr-3722	228	8	1993	1993	NUM
fsr-3722	228	9	100	100	NUM
fsr-3722	228	10	%	%	NOUN
fsr-3722	228	11	a	a	PRON
fsr-3722	228	12	’	'	PUNCT
fsr-3722	228	13	90	90	NUM
fsr-3722	228	14	%	%	NOUN
fsr-3722	228	15	t	t	NOUN
fsr-3722	228	16	0pti	0pti	NOUN
fsr-3722	228	17	-	-	PUNCT
fsr-3722	228	18	l	l	NOUN
fsr-3722	228	19	60	60	NUM
fsr-3722	228	20	%	%	NOUN
fsr-3722	228	21	allocation	allocation	NOUN
fsr-3722	228	22	70!4	70!4	VERB
fsr-3722	228	23	to	to	PART
fsr-3722	228	24	private1	private1	VERB
fsr-3722	228	25	607	607	NUM
fsr-3722	228	26	:	:	PUNCT
fsr-3722	228	27	507	507	NUM
fsr-3722	228	28	.	.	NOUN
fsr-3722	228	29	40x	40x	NUM
fsr-3722	228	30	307	307	NUM
fsr-3722	228	31	.	.	PUNCT
fsr-3722	228	32	207	207	NUM
fsr-3722	228	33	;	;	PUNCT
fsr-3722	228	34	10x	10x	NUM
fsr-3722	228	35	o%l	o%l	NOUN
fsr-3722	228	36	’	'	PUNCT
fsr-3722	229	1	i	i	PRON
fsr-3722	229	2	i	i	PRON
fsr-3722	230	1	i	i	PRON
fsr-3722	230	2	i	i	PRON
fsr-3722	231	1	i	i	PRON
fsr-3722	231	2	i	i	VERB
fsr-3722	231	3	1.05	1.05	NUM
fsr-3722	231	4	1.1	1.1	NUM
fsr-3722	231	5	1.15	1.15	NUM
fsr-3722	231	6	12	12	NUM
fsr-3722	231	7	125	125	NUM
fsr-3722	231	8	df	df	NOUN
fsr-3722	231	9	dispersion	dispersion	NOUN
fsr-3722	231	10	factor	factor	NOUN
fsr-3722	231	11	0	0	NUM
fsr-3722	231	12	6.637	6.637	NUM
fsr-3722	231	13	:	:	PUNCT
fsr-3722	231	14	+	+	NUM
fsr-3722	231	15	7.037	7.037	NUM
fsr-3722	231	16	:	:	SYM
fsr-3722	231	17	0	0	NUM
fsr-3722	231	18	7232	7232	NUM
fsr-3722	231	19	a	a	DET
fsr-3722	231	20	7.437	7.437	NUM
fsr-3722	231	21	.	.	PUNCT
fsr-3722	232	1	figure	figure	NOUN
fsr-3722	232	2	2	2	NUM
fsr-3722	232	3	.	.	PUNCT
fsr-3722	233	1	the	the	DET
fsr-3722	233	2	optimal	optimal	ADJ
fsr-3722	233	3	allocation	allocation	NOUN
fsr-3722	233	4	to	to	ADP
fsr-3722	233	5	private	private	ADJ
fsr-3722	233	6	-	-	PUNCT
fsr-3722	233	7	activity	activity	NOUN
fsr-3722	233	8	bonds	bond	NOUN
fsr-3722	233	9	(	(	PUNCT
fsr-3722	233	10	a	a	DET
fsr-3722	233	11	*	*	NOUN
fsr-3722	233	12	)	)	PUNCT
fsr-3722	233	13	relative	relative	ADJ
fsr-3722	233	14	to	to	ADP
fsr-3722	233	15	the	the	DET
fsr-3722	233	16	dispersion	dispersion	NOUN
fsr-3722	233	17	factor	factor	NOUN
fsr-3722	233	18	of	of	ADP
fsr-3722	233	19	income	income	NOUN
fsr-3722	233	20	(	(	PUNCT
fsr-3722	233	21	of	of	ADP
fsr-3722	233	22	)	)	PUNCT
fsr-3722	233	23	for	for	ADP
fsr-3722	233	24	different	different	ADJ
fsr-3722	233	25	private	private	ADJ
fsr-3722	233	26	-	-	PUNCT
fsr-3722	233	27	activity	activity	NOUN
fsr-3722	233	28	bond	bond	NOUN
fsr-3722	233	29	yields	yield	NOUN
fsr-3722	233	30	.	.	PUNCT
fsr-3722	234	1	note	note	NOUN
fsr-3722	234	2	:	:	PUNCT
fsr-3722	234	3	income	income	NOUN
fsr-3722	234	4	follows	follow	VERB
fsr-3722	234	5	a	a	DET
fsr-3722	234	6	pareto	pareto	ADJ
fsr-3722	234	7	distribution	distribution	NOUN
fsr-3722	234	8	and	and	CCONJ
fsr-3722	234	9	after	after	ADP
fsr-3722	234	10	-	-	PUNCT
fsr-3722	234	11	tax	tax	NOUN
fsr-3722	234	12	income	income	NOUN
fsr-3722	234	13	is	be	AUX
fsr-3722	234	14	calculated	calculate	VERB
fsr-3722	234	15	assuming	assume	VERB
fsr-3722	234	16	a	a	DET
fsr-3722	234	17	joint	joint	ADJ
fsr-3722	234	18	filing	filing	NOUN
fsr-3722	234	19	status	status	NOUN
fsr-3722	234	20	for	for	ADP
fsr-3722	234	21	a	a	DET
fsr-3722	234	22	married	married	ADJ
fsr-3722	234	23	couple	couple	NOUN
fsr-3722	234	24	.	.	PUNCT
fsr-3722	235	1	median	median	ADJ
fsr-3722	235	2	income	income	NOUN
fsr-3722	235	3	is	be	AUX
fsr-3722	235	4	$	$	SYM
fsr-3722	235	5	200,000	200,000	NUM
fsr-3722	235	6	.	.	PUNCT
fsr-3722	236	1	the	the	DET
fsr-3722	236	2	risk	risk	NOUN
fsr-3722	236	3	preferences	preference	NOUN
fsr-3722	236	4	of	of	ADP
fsr-3722	236	5	the	the	DET
fsr-3722	236	6	individual	individual	ADJ
fsr-3722	236	7	decision	decision	NOUN
fsr-3722	236	8	-	-	PUNCT
fsr-3722	236	9	maker	maker	NOUN
fsr-3722	236	10	are	be	AUX
fsr-3722	236	11	characterized	characterize	VERB
fsr-3722	236	12	by	by	ADP
fsr-3722	236	13	decreasing	decrease	VERB
fsr-3722	236	14	absolute	absolute	ADJ
fsr-3722	236	15	risk	risk	NOUN
fsr-3722	236	16	aversion	aversion	NOUN
fsr-3722	236	17	.	.	PUNCT
fsr-3722	237	1	investable	investable	ADJ
fsr-3722	237	2	wealth	wealth	NOUN
fsr-3722	237	3	(	(	PUNCT
fsr-3722	237	4	b	b	NOUN
fsr-3722	237	5	)	)	PUNCT
fsr-3722	237	6	is	be	AUX
fsr-3722	237	7	100	100	NUM
fsr-3722	237	8	%	%	NOUN
fsr-3722	237	9	of	of	ADP
fsr-3722	237	10	median	median	ADJ
fsr-3722	237	11	income	income	NOUN
fsr-3722	237	12	.	.	PUNCT
fsr-3722	238	1	the	the	DET
fsr-3722	238	2	proportion	proportion	NOUN
fsr-3722	238	3	of	of	ADP
fsr-3722	238	4	income	income	NOUN
fsr-3722	238	5	from	from	ADP
fsr-3722	238	6	preference	preference	NOUN
fsr-3722	238	7	items	item	NOUN
fsr-3722	238	8	(	(	PUNCT
fsr-3722	238	9	other	other	ADJ
fsr-3722	238	10	that	that	SCONJ
fsr-3722	238	11	private	private	ADJ
fsr-3722	238	12	-	-	PUNCT
fsr-3722	238	13	activity	activity	NOUN
fsr-3722	238	14	bond	bond	NOUN
fsr-3722	238	15	income	income	NOUN
fsr-3722	238	16	)	)	PUNCT
fsr-3722	238	17	and	and	CCONJ
fsr-3722	238	18	adjustments	adjustment	NOUN
fsr-3722	238	19	@	@	ADP
fsr-3722	238	20	)	)	PUNCT
fsr-3722	238	21	totals	total	NOUN
fsr-3722	238	22	20	20	NUM
fsr-3722	238	23	%	%	NOUN
fsr-3722	238	24	.	.	PUNCT
fsr-3722	239	1	the	the	DET
fsr-3722	239	2	bonds	bond	NOUN
fsr-3722	239	3	mature	mature	VERB
fsr-3722	239	4	in	in	ADP
fsr-3722	239	5	one	one	NUM
fsr-3722	239	6	time	time	NOUN
fsr-3722	239	7	period	period	NOUN
fsr-3722	239	8	,	,	PUNCT
fsr-3722	239	9	are	be	AUX
fsr-3722	239	10	not	not	PART
fsr-3722	239	11	sold	sell	VERB
fsr-3722	239	12	short	short	ADJ
fsr-3722	239	13	,	,	PUNCT
fsr-3722	239	14	and	and	CCONJ
fsr-3722	239	15	are	be	AUX
fsr-3722	239	16	in	in	ADP
fsr-3722	239	17	all	all	DET
fsr-3722	239	18	other	other	ADJ
fsr-3722	239	19	aspects	aspect	NOUN
fsr-3722	239	20	identical	identical	ADJ
fsr-3722	239	21	except	except	SCONJ
fsr-3722	239	22	for	for	ADP
fsr-3722	239	23	their	their	PRON
fsr-3722	239	24	tax	tax	NOUN
fsr-3722	239	25	treatment	treatment	NOUN
fsr-3722	239	26	and	and	CCONJ
fsr-3722	239	27	yields	yield	NOUN
fsr-3722	239	28	.	.	PUNCT
fsr-3722	240	1	the	the	DET
fsr-3722	240	2	yield	yield	NOUN
fsr-3722	240	3	of	of	ADP
fsr-3722	240	4	the	the	DET
fsr-3722	240	5	essential	essential	ADJ
fsr-3722	240	6	purpose	purpose	NOUN
fsr-3722	240	7	bond	bond	NOUN
fsr-3722	240	8	is	be	AUX
fsr-3722	240	9	6.73	6.73	NUM
fsr-3722	240	10	%	%	NOUN
fsr-3722	240	11	.	.	PUNCT
fsr-3722	241	1	to	to	PART
fsr-3722	241	2	summarize	summarize	VERB
fsr-3722	241	3	the	the	DET
fsr-3722	241	4	results	result	NOUN
fsr-3722	241	5	presented	present	VERB
fsr-3722	241	6	in	in	ADP
fsr-3722	241	7	figure	figure	NOUN
fsr-3722	241	8	1	1	NUM
fsr-3722	241	9	,	,	PUNCT
fsr-3722	241	10	individuals	individual	NOUN
fsr-3722	241	11	with	with	ADP
fsr-3722	241	12	household	household	NOUN
fsr-3722	241	13	median	median	NOUN
fsr-3722	241	14	income	income	NOUN
fsr-3722	241	15	levels	level	NOUN
fsr-3722	241	16	below	below	ADP
fsr-3722	241	17	$	$	SYM
fsr-3722	241	18	150,000	150,000	NUM
fsr-3722	241	19	will	will	AUX
fsr-3722	241	20	typically	typically	ADV
fsr-3722	241	21	maximize	maximize	VERB
fsr-3722	241	22	expected	expect	VERB
fsr-3722	241	23	utility	utility	NOUN
fsr-3722	241	24	by	by	ADP
fsr-3722	241	25	holding	hold	VERB
fsr-3722	241	26	100	100	NUM
fsr-3722	241	27	%	%	NOUN
fsr-3722	241	28	private	private	ADJ
fsr-3722	241	29	-	-	PUNCT
fsr-3722	241	30	activity	activity	NOUN
fsr-3722	241	31	bonds	bond	NOUN
fsr-3722	241	32	.	.	PUNCT
fsr-3722	242	1	however	however	ADV
fsr-3722	242	2	,	,	PUNCT
fsr-3722	242	3	if	if	SCONJ
fsr-3722	242	4	income	income	NOUN
fsr-3722	242	5	is	be	AUX
fsr-3722	242	6	highly	highly	ADV
fsr-3722	242	7	variable	variable	ADJ
fsr-3722	242	8	(	(	PUNCT
fsr-3722	242	9	in	in	ADP
fsr-3722	242	10	this	this	DET
fsr-3722	242	11	example	example	NOUN
fsr-3722	242	12	a	a	DET
fsr-3722	242	13	df	df	NOUN
fsr-3722	242	14	of	of	ADP
fsr-3722	242	15	1.16	1.16	NUM
fsr-3722	242	16	for	for	ADP
fsr-3722	242	17	a	a	DET
fsr-3722	242	18	median	median	ADJ
fsr-3722	242	19	income	income	NOUN
fsr-3722	242	20	of	of	ADP
fsr-3722	242	21	$	$	SYM
fsr-3722	242	22	150,000	150,000	NUM
fsr-3722	242	23	)	)	PUNCT
fsr-3722	242	24	optimal	optimal	ADJ
fsr-3722	242	25	private	private	ADJ
fsr-3722	242	26	-	-	PUNCT
fsr-3722	242	27	activity	activity	NOUN
fsr-3722	242	28	bond	bond	NOUN
fsr-3722	242	29	holdings	holding	NOUN
fsr-3722	242	30	will	will	AUX
fsr-3722	242	31	fall	fall	VERB
fsr-3722	242	32	below	below	ADP
fsr-3722	242	33	100	100	NUM
fsr-3722	242	34	%	%	NOUN
fsr-3722	242	35	.	.	PUNCT
fsr-3722	243	1	individuals	individual	NOUN
fsr-3722	243	2	with	with	ADP
fsr-3722	243	3	median	median	ADJ
fsr-3722	243	4	incomes	income	NOUN
fsr-3722	243	5	near	near	ADP
fsr-3722	243	6	the	the	DET
fsr-3722	243	7	lower	low	ADJ
fsr-3722	243	8	limit	limit	NOUN
fsr-3722	243	9	of	of	ADP
fsr-3722	243	10	the	the	DET
fsr-3722	243	11	minimum	minimum	ADJ
fsr-3722	243	12	taxable	taxable	ADJ
fsr-3722	243	13	income	income	NOUN
fsr-3722	243	14	exemption	exemption	NOUN
fsr-3722	243	15	phaseout	phaseout	NOUN
fsr-3722	243	16	range	range	NOUN
fsr-3722	243	17	will	will	AUX
fsr-3722	243	18	reduce	reduce	VERB
fsr-3722	243	19	private	private	ADJ
fsr-3722	243	20	-	-	PUNCT
fsr-3722	243	21	activity	activity	NOUN
fsr-3722	243	22	bond	bond	NOUN
fsr-3722	243	23	holding	hold	VERB
fsr-3722	243	24	at	at	ADP
fsr-3722	243	25	a	a	DET
fsr-3722	243	26	faster	fast	ADJ
fsr-3722	243	27	rate	rate	NOUN
fsr-3722	243	28	with	with	ADP
fsr-3722	243	29	income	income	NOUN
fsr-3722	243	30	uncertainty	uncertainty	NOUN
fsr-3722	243	31	than	than	ADP
fsr-3722	243	32	individu	individu	ADV
fsr-3722	243	33	als	als	VERB
fsr-3722	243	34	with	with	ADP
fsr-3722	243	35	incomes	income	NOUN
fsr-3722	243	36	near	near	ADP
fsr-3722	243	37	or	or	CCONJ
fsr-3722	243	38	above	above	ADP
fsr-3722	243	39	the	the	DET
fsr-3722	243	40	upper	upper	ADJ
fsr-3722	243	41	limit	limit	NOUN
fsr-3722	243	42	minimum	minimum	ADJ
fsr-3722	243	43	taxable	taxable	ADJ
fsr-3722	243	44	income	income	NOUN
fsr-3722	243	45	exemption	exemption	NOUN
fsr-3722	243	46	phaseout	phaseout	NOUN
fsr-3722	243	47	range	range	NOUN
fsr-3722	243	48	.	.	PUNCT
fsr-3722	244	1	individual	individual	ADJ
fsr-3722	244	2	tax	tax	NOUN
fsr-3722	244	3	-	-	PUNCT
fsr-3722	244	4	exempt	exempt	ADJ
fsr-3722	244	5	bond	bond	NOUN
fsr-3722	244	6	porlfolio	porlfolio	NOUN
fsr-3722	244	7	69	69	NUM
fsr-3722	245	1	this	this	DET
fsr-3722	245	2	example	example	NOUN
fsr-3722	245	3	illustrates	illustrate	VERB
fsr-3722	245	4	,	,	PUNCT
fsr-3722	245	5	as	as	SCONJ
fsr-3722	245	6	one	one	PRON
fsr-3722	245	7	might	might	AUX
fsr-3722	245	8	expect	expect	VERB
fsr-3722	245	9	,	,	PUNCT
fsr-3722	245	10	that	that	SCONJ
fsr-3722	245	11	the	the	DET
fsr-3722	245	12	portfolio	portfolio	NOUN
fsr-3722	245	13	decision	decision	NOUN
fsr-3722	245	14	is	be	AUX
fsr-3722	245	15	greatly	greatly	ADV
fsr-3722	245	16	influenced	influence	VERB
fsr-3722	245	17	by	by	ADP
fsr-3722	245	18	the	the	DET
fsr-3722	245	19	median	median	ADJ
fsr-3722	245	20	income	income	NOUN
fsr-3722	245	21	level	level	NOUN
fsr-3722	245	22	.	.	PUNCT
fsr-3722	246	1	it	it	PRON
fsr-3722	246	2	is	be	AUX
fsr-3722	246	3	interesting	interesting	ADJ
fsr-3722	246	4	to	to	PART
fsr-3722	246	5	note	note	VERB
fsr-3722	246	6	that	that	SCONJ
fsr-3722	246	7	only	only	ADV
fsr-3722	246	8	individuals	individual	NOUN
fsr-3722	246	9	with	with	ADP
fsr-3722	246	10	relatively	relatively	ADV
fsr-3722	246	11	high	high	ADJ
fsr-3722	246	12	income	income	NOUN
fsr-3722	246	13	levels	level	NOUN
fsr-3722	246	14	combined	combine	VERB
fsr-3722	246	15	with	with	ADP
fsr-3722	246	16	high	high	ADJ
fsr-3722	246	17	levels	level	NOUN
fsr-3722	246	18	of	of	ADP
fsr-3722	246	19	income	income	NOUN
fsr-3722	246	20	uncertainty	uncertainty	NOUN
fsr-3722	246	21	will	will	AUX
fsr-3722	246	22	hold	hold	VERB
fsr-3722	246	23	less	less	ADJ
fsr-3722	246	24	that	that	SCONJ
fsr-3722	246	25	one	one	NUM
fsr-3722	246	26	-	-	PUNCT
fsr-3722	246	27	half	half	NOUN
fsr-3722	246	28	of	of	ADP
fsr-3722	246	29	their	their	PRON
fsr-3722	246	30	tax	tax	NOUN
fsr-3722	246	31	-	-	PUNCT
fsr-3722	246	32	exempt	exempt	ADJ
fsr-3722	246	33	portfolio	portfolio	NOUN
fsr-3722	246	34	in	in	ADP
fsr-3722	246	35	private	private	ADJ
fsr-3722	246	36	activity	activity	NOUN
fsr-3722	246	37	bonds	bond	NOUN
fsr-3722	246	38	.	.	PUNCT
fsr-3722	247	1	hence	hence	ADV
fsr-3722	247	2	,	,	PUNCT
fsr-3722	247	3	private	private	ADJ
fsr-3722	247	4	-	-	PUNCT
fsr-3722	247	5	activity	activity	NOUN
fsr-3722	247	6	bonds	bond	NOUN
fsr-3722	247	7	should	should	AUX
fsr-3722	247	8	not	not	PART
fsr-3722	247	9	be	be	AUX
fsr-3722	247	10	arbitrarily	arbitrarily	ADV
fsr-3722	247	11	eliminated	eliminate	VERB
fsr-3722	247	12	from	from	ADP
fsr-3722	247	13	the	the	DET
fsr-3722	247	14	tax	tax	NOUN
fsr-3722	247	15	-	-	PUNCT
fsr-3722	247	16	exempt	exempt	ADJ
fsr-3722	247	17	portfolio	portfolio	NOUN
fsr-3722	247	18	if	if	SCONJ
fsr-3722	247	19	the	the	DET
fsr-3722	247	20	individual	individual	NOUN
fsr-3722	247	21	is	be	AUX
fsr-3722	247	22	at	at	ADP
fsr-3722	247	23	risk	risk	NOUN
fsr-3722	247	24	of	of	ADP
fsr-3722	247	25	being	be	AUX
fsr-3722	247	26	subject	subject	ADJ
fsr-3722	247	27	to	to	ADP
fsr-3722	247	28	the	the	DET
fsr-3722	247	29	minimum	minimum	ADJ
fsr-3722	247	30	tax	tax	NOUN
fsr-3722	247	31	.	.	PUNCT
fsr-3722	248	1	optimal	optimal	ADJ
fsr-3722	248	2	private	private	ADJ
fsr-3722	248	3	-	-	PUNCT
fsr-3722	248	4	activity	activity	NOUN
fsr-3722	248	5	allocation	allocation	NOUN
fsr-3722	248	6	relative	relative	ADJ
fsr-3722	248	7	to	to	ADP
fsr-3722	248	8	bond	bond	NOUN
fsr-3722	248	9	yields	yield	NOUN
fsr-3722	248	10	the	the	DET
fsr-3722	248	11	relationship	relationship	NOUN
fsr-3722	248	12	between	between	ADP
fsr-3722	248	13	p	p	X
fsr-3722	248	14	~	~	PUNCT
fsr-3722	248	15	vate	vate	ADJ
fsr-3722	248	16	-	-	PUNCT
fsr-3722	248	17	activi~	activi~	PROPN
fsr-3722	248	18	bond	bond	NOUN
fsr-3722	248	19	yields	yield	NOUN
fsr-3722	248	20	and	and	CCONJ
fsr-3722	248	21	essential	essential	ADJ
fsr-3722	248	22	-	-	PUNCT
fsr-3722	248	23	purpose	purpose	NOUN
fsr-3722	248	24	bond	bond	NOUN
fsr-3722	248	25	yields	yield	NOUN
fsr-3722	248	26	is	be	AUX
fsr-3722	248	27	de	de	ADP
fsr-3722	248	28	~	~	NOUN
fsr-3722	248	29	ndent	ndent	NOUN
fsr-3722	248	30	on	on	ADP
fsr-3722	248	31	the	the	DET
fsr-3722	248	32	characteristics	characteristic	NOUN
fsr-3722	248	33	of	of	ADP
fsr-3722	248	34	the	the	DET
fsr-3722	248	35	bonds	bond	NOUN
fsr-3722	248	36	being	be	AUX
fsr-3722	248	37	compared	compare	VERB
fsr-3722	248	38	.	.	PUNCT
fsr-3722	249	1	for	for	ADP
fsr-3722	249	2	purposes	purpose	NOUN
fsr-3722	249	3	of	of	ADP
fsr-3722	249	4	illustrating	illustrate	VERB
fsr-3722	249	5	the	the	DET
fsr-3722	249	6	effect	effect	NOUN
fsr-3722	249	7	of	of	ADP
fsr-3722	249	8	the	the	DET
fsr-3722	249	9	yield	yield	NOUN
fsr-3722	249	10	differential	differential	NOUN
fsr-3722	249	11	on	on	ADP
fsr-3722	249	12	the	the	DET
fsr-3722	249	13	portfolio	portfolio	NOUN
fsr-3722	249	14	allocation	allocation	NOUN
fsr-3722	249	15	decision	decision	NOUN
fsr-3722	249	16	the	the	DET
fsr-3722	249	17	essential	essential	ADJ
fsr-3722	249	18	-	-	PUNCT
fsr-3722	249	19	purpose	purpose	NOUN
fsr-3722	249	20	bond	bond	NOUN
fsr-3722	249	21	portfolio	portfolio	NOUN
fsr-3722	249	22	yield	yield	NOUN
fsr-3722	249	23	is	be	AUX
fsr-3722	249	24	held	hold	VERB
fsr-3722	249	25	constant	constant	ADJ
fsr-3722	249	26	at	at	ADP
fsr-3722	249	27	6.73	6.73	NUM
fsr-3722	249	28	%	%	NOUN
fsr-3722	249	29	and	and	CCONJ
fsr-3722	249	30	the	the	DET
fsr-3722	249	31	private	private	ADJ
fsr-3722	249	32	-	-	PUNCT
fsr-3722	249	33	activity	activity	NOUN
fsr-3722	249	34	bond	bond	NOUN
fsr-3722	249	35	portfolio	portfolio	NOUN
fsr-3722	249	36	yield	yield	NOUN
fsr-3722	249	37	is	be	AUX
fsr-3722	249	38	varied	varied	ADJ
fsr-3722	249	39	from	from	ADP
fsr-3722	249	40	a	a	DET
fsr-3722	249	41	low	low	ADJ
fsr-3722	249	42	level	level	NOUN
fsr-3722	249	43	to	to	ADP
fsr-3722	249	44	a	a	DET
fsr-3722	249	45	high	high	ADJ
fsr-3722	249	46	level	level	NOUN
fsr-3722	249	47	.	.	PUNCT
fsr-3722	250	1	the	the	DET
fsr-3722	250	2	assumptions	assumption	NOUN
fsr-3722	250	3	from	from	ADP
fsr-3722	250	4	the	the	DET
fsr-3722	250	5	previous	previous	ADJ
fsr-3722	250	6	example	example	NOUN
fsr-3722	250	7	hold	hold	NOUN
fsr-3722	250	8	except	except	SCONJ
fsr-3722	250	9	private	private	ADJ
fsr-3722	250	10	-	-	PUNCT
fsr-3722	250	11	activity	activity	NOUN
fsr-3722	250	12	bond	bond	NOUN
fsr-3722	250	13	yield	yield	NOUN
fsr-3722	250	14	is	be	AUX
fsr-3722	250	15	varied	varied	ADJ
fsr-3722	250	16	from	from	ADP
fsr-3722	250	17	6.83	6.83	NUM
fsr-3722	250	18	%	%	NOUN
fsr-3722	250	19	to	to	PART
fsr-3722	250	20	7.43	7.43	NUM
fsr-3722	250	21	%	%	NOUN
fsr-3722	250	22	,	,	PUNCT
fsr-3722	250	23	and	and	CCONJ
fsr-3722	250	24	median	median	ADJ
fsr-3722	250	25	household	household	NOUN
fsr-3722	250	26	income	income	NOUN
fsr-3722	250	27	is	be	AUX
fsr-3722	250	28	$	$	SYM
fsr-3722	250	29	200,000	200,000	NUM
fsr-3722	250	30	.	.	PUNCT
fsr-3722	251	1	the	the	DET
fsr-3722	251	2	simulation	simulation	NOUN
fsr-3722	251	3	results	result	NOUN
fsr-3722	251	4	are	be	AUX
fsr-3722	251	5	presented	present	VERB
fsr-3722	251	6	in	in	ADP
fsr-3722	251	7	figure	figure	NOUN
fsr-3722	251	8	2	2	NUM
fsr-3722	251	9	.	.	PUNCT
fsr-3722	251	10	when	when	SCONJ
fsr-3722	251	11	the	the	DET
fsr-3722	251	12	private	private	ADJ
fsr-3722	251	13	-	-	PUNCT
fsr-3722	251	14	activity	activity	NOUN
fsr-3722	251	15	yield	yield	NOUN
fsr-3722	251	16	is	be	AUX
fsr-3722	251	17	relatively	relatively	ADV
fsr-3722	251	18	low	low	ADJ
fsr-3722	251	19	at	at	ADP
fsr-3722	251	20	6.83	6.83	NUM
fsr-3722	251	21	%	%	NOUN
fsr-3722	251	22	,	,	PUNCT
fsr-3722	251	23	a	a	PRON
fsr-3722	251	24	*	*	PUNCT
fsr-3722	251	25	is	be	AUX
fsr-3722	251	26	58	58	NUM
fsr-3722	251	27	%	%	NOUN
fsr-3722	251	28	under	under	ADP
fsr-3722	251	29	income	income	NOUN
fsr-3722	251	30	certainty	certainty	NOUN
fsr-3722	251	31	(	(	PUNCT
fsr-3722	251	32	df	df	NOUN
fsr-3722	251	33	=	=	SYM
fsr-3722	251	34	1	1	NUM
fsr-3722	251	35	)	)	PUNCT
fsr-3722	251	36	.	.	PUNCT
fsr-3722	252	1	as	as	SCONJ
fsr-3722	252	2	the	the	DET
fsr-3722	252	3	yield	yield	NOUN
fsr-3722	252	4	on	on	ADP
fsr-3722	252	5	private	private	ADJ
fsr-3722	252	6	-	-	PUNCT
fsr-3722	252	7	activity	activity	NOUN
fsr-3722	252	8	bonds	bond	NOUN
fsr-3722	252	9	increases	increase	VERB
fsr-3722	252	10	the	the	DET
fsr-3722	252	11	individual	individual	NOUN
fsr-3722	252	12	under	under	ADP
fsr-3722	252	13	household	household	NOUN
fsr-3722	252	14	income	income	NOUN
fsr-3722	252	15	certainty	certainty	NOUN
fsr-3722	252	16	holds	hold	VERB
fsr-3722	252	17	a	a	DET
fsr-3722	252	18	smaller	small	ADJ
fsr-3722	252	19	proportion	proportion	NOUN
fsr-3722	252	20	of	of	ADP
fsr-3722	252	21	private	private	ADJ
fsr-3722	252	22	activity	activity	NOUN
fsr-3722	252	23	bonds	bond	NOUN
fsr-3722	252	24	in	in	ADP
fsr-3722	252	25	the	the	DET
fsr-3722	252	26	portfolio	portfolio	NOUN
fsr-3722	252	27	.	.	PUNCT
fsr-3722	253	1	al	al	PROPN
fsr-3722	253	2	~	~	PROPN
fsr-3722	253	3	ough	ough	NOUN
fsr-3722	253	4	this	this	PRON
fsr-3722	253	5	may	may	AUX
fsr-3722	253	6	seem	seem	VERB
fsr-3722	253	7	~	~	PUNCT
fsr-3722	253	8	ounter	ounter	NOUN
fsr-3722	253	9	-	-	PUNCT
fsr-3722	253	10	intuitive	intuitive	ADJ
fsr-3722	253	11	,	,	PUNCT
fsr-3722	253	12	d	d	NOUN
fsr-3722	253	13	is	be	AUX
fsr-3722	253	14	lower	low	ADJ
fsr-3722	253	15	for	for	ADP
fsr-3722	253	16	higher	high	ADJ
fsr-3722	253	17	yields	yield	NOUN
fsr-3722	253	18	under	under	ADP
fsr-3722	253	19	certainty	certainty	NOUN
fsr-3722	253	20	in	in	ADP
fsr-3722	253	21	order	order	NOUN
fsr-3722	253	22	for	for	SCONJ
fsr-3722	253	23	the	the	DET
fsr-3722	253	24	portfolio	portfolio	NOUN
fsr-3722	253	25	to	to	PART
fsr-3722	253	26	satisfy	satisfy	VERB
fsr-3722	253	27	the	the	DET
fsr-3722	253	28	after	after	ADP
fsr-3722	253	29	-	-	PUNCT
fsr-3722	253	30	tax	tax	NOUN
fsr-3722	253	31	maximizing	maximizing	NOUN
fsr-3722	253	32	condition	condition	NOUN
fsr-3722	253	33	that	that	SCONJ
fsr-3722	253	34	the	the	DET
fsr-3722	253	35	regular	regular	ADJ
fsr-3722	253	36	tax	tax	NOUN
fsr-3722	253	37	liability	liability	NOUN
fsr-3722	253	38	equals	equal	VERB
fsr-3722	253	39	the	the	DET
fsr-3722	253	40	minimum	minimum	ADJ
fsr-3722	253	41	tax	tax	NOUN
fsr-3722	253	42	liability	liability	NOUN
fsr-3722	253	43	.	.	PUNCT
fsr-3722	254	1	however	however	ADV
fsr-3722	254	2	,	,	PUNCT
fsr-3722	254	3	&	&	CCONJ
fsr-3722	254	4	x*ldf	x*ldf	PROPN
fsr-3722	254	5	is	be	AUX
fsr-3722	254	6	lower	low	ADJ
fsr-3722	254	7	for	for	ADP
fsr-3722	254	8	lower	low	ADJ
fsr-3722	254	9	private	private	ADJ
fsr-3722	254	10	-	-	PUNCT
fsr-3722	254	11	activity	activity	NOUN
fsr-3722	254	12	yields	yield	NOUN
fsr-3722	254	13	.	.	PUNCT
fsr-3722	255	1	this	this	PRON
fsr-3722	255	2	means	mean	VERB
fsr-3722	255	3	a	a	PRON
fsr-3722	255	4	*	*	PUNCT
fsr-3722	255	5	falls	fall	VERB
fsr-3722	255	6	at	at	ADP
fsr-3722	255	7	a	a	DET
fsr-3722	255	8	more	more	ADV
fsr-3722	255	9	rapid	rapid	ADJ
fsr-3722	255	10	rate	rate	NOUN
fsr-3722	255	11	with	with	ADP
fsr-3722	255	12	increasing	increase	VERB
fsr-3722	255	13	uncertainty	uncertainty	NOUN
fsr-3722	255	14	the	the	PRON
fsr-3722	255	15	lower	low	ADJ
fsr-3722	255	16	the	the	DET
fsr-3722	255	17	yield	yield	NOUN
fsr-3722	255	18	on	on	ADP
fsr-3722	255	19	private	private	ADJ
fsr-3722	255	20	-	-	PUNCT
fsr-3722	255	21	activity	activity	NOUN
fsr-3722	255	22	bonds	bond	NOUN
fsr-3722	255	23	.	.	PUNCT
fsr-3722	256	1	when	when	SCONJ
fsr-3722	256	2	the	the	DET
fsr-3722	256	3	yield	yield	NOUN
fsr-3722	256	4	on	on	ADP
fsr-3722	256	5	private	private	ADJ
fsr-3722	256	6	-	-	PUNCT
fsr-3722	256	7	activity	activity	NOUN
fsr-3722	256	8	bonds	bond	NOUN
fsr-3722	256	9	is	be	AUX
fsr-3722	256	10	high	high	ADJ
fsr-3722	256	11	relative	relative	ADJ
fsr-3722	256	12	to	to	ADP
fsr-3722	256	13	essential	essential	ADJ
fsr-3722	256	14	-	-	PUNCT
fsr-3722	256	15	purpose	purpose	NOUN
fsr-3722	256	16	bonds	bond	NOUN
fsr-3722	256	17	,	,	PUNCT
fsr-3722	256	18	in	in	ADP
fsr-3722	256	19	this	this	DET
fsr-3722	256	20	example	example	NOUN
fsr-3722	256	21	7.43	7.43	NUM
fsr-3722	256	22	%	%	NOUN
fsr-3722	256	23	,	,	PUNCT
fsr-3722	256	24	the	the	DET
fsr-3722	256	25	proportion	proportion	NOUN
fsr-3722	256	26	of	of	ADP
fsr-3722	256	27	private	private	ADJ
fsr-3722	256	28	-	-	PUNCT
fsr-3722	256	29	activity	activity	NOUN
fsr-3722	256	30	bonds	bond	NOUN
fsr-3722	256	31	held	hold	VERB
fsr-3722	256	32	in	in	ADP
fsr-3722	256	33	the	the	DET
fsr-3722	256	34	portfolio	portfolio	NOUN
fsr-3722	256	35	changes	change	VERB
fsr-3722	256	36	very	very	ADV
fsr-3722	256	37	little	little	ADJ
fsr-3722	256	38	with	with	ADP
fsr-3722	256	39	uncertainty	uncertainty	NOUN
fsr-3722	256	40	.	.	PUNCT
fsr-3722	257	1	optimal	optimal	ADJ
fsr-3722	257	2	private	private	ADJ
fsr-3722	257	3	-	-	PUNCT
fsr-3722	257	4	activity	activity	NOUN
fsr-3722	257	5	allocation	allocation	NOUN
fsr-3722	257	6	relative	relative	ADJ
fsr-3722	257	7	to	to	ADP
fsr-3722	257	8	the	the	DET
fsr-3722	257	9	percentage	percentage	NOUN
fsr-3722	257	10	allocated	allocate	VERB
fsr-3722	257	11	to	to	ADP
fsr-3722	257	12	tax	tax	NOUN
fsr-3722	257	13	-	-	PUNCT
fsr-3722	257	14	exempt	exempt	ADJ
fsr-3722	257	15	bond	bond	NOUN
fsr-3722	257	16	portfolio	portfolio	NOUN
fsr-3722	257	17	the	the	DET
fsr-3722	257	18	final	final	ADJ
fsr-3722	257	19	set	set	NOUN
fsr-3722	257	20	of	of	ADP
fsr-3722	257	21	simulations	simulation	NOUN
fsr-3722	257	22	examines	examine	VERB
fsr-3722	257	23	the	the	DET
fsr-3722	257	24	allocation	allocation	NOUN
fsr-3722	257	25	decision	decision	NOUN
fsr-3722	257	26	relative	relative	ADJ
fsr-3722	257	27	to	to	ADP
fsr-3722	257	28	the	the	DET
fsr-3722	257	29	size	size	NOUN
fsr-3722	257	30	of	of	ADP
fsr-3722	257	31	the	the	DET
fsr-3722	257	32	tax	tax	NOUN
fsr-3722	257	33	-	-	PUNCT
fsr-3722	257	34	exempt	exempt	ADJ
fsr-3722	257	35	bond	bond	NOUN
fsr-3722	257	36	portfolio	portfolio	NOUN
fsr-3722	257	37	.	.	PUNCT
fsr-3722	258	1	the	the	DET
fsr-3722	258	2	amount	amount	NOUN
fsr-3722	258	3	invested	invest	VERB
fsr-3722	258	4	in	in	ADP
fsr-3722	258	5	the	the	DET
fsr-3722	258	6	tax	tax	NOUN
fsr-3722	258	7	-	-	PUNCT
fsr-3722	258	8	exempt	exempt	ADJ
fsr-3722	258	9	bond	bond	NOUN
fsr-3722	258	10	portfolio	portfolio	NOUN
fsr-3722	258	11	will	will	AUX
fsr-3722	258	12	influence	influence	VERB
fsr-3722	258	13	the	the	DET
fsr-3722	258	14	allocation	allocation	NOUN
fsr-3722	258	15	decision	decision	NOUN
fsr-3722	258	16	in	in	ADP
fsr-3722	258	17	that	that	SCONJ
fsr-3722	258	18	the	the	PRON
fsr-3722	258	19	larger	large	ADJ
fsr-3722	258	20	the	the	DET
fsr-3722	258	21	portfolio	portfolio	NOUN
fsr-3722	258	22	,	,	PUNCT
fsr-3722	258	23	all	all	PRON
fsr-3722	258	24	else	else	ADV
fsr-3722	258	25	equal	equal	ADJ
fsr-3722	258	26	,	,	PUNCT
fsr-3722	258	27	the	the	PRON
fsr-3722	258	28	greater	great	ADJ
fsr-3722	258	29	the	the	DET
fsr-3722	258	30	probability	probability	NOUN
fsr-3722	258	31	the	the	DET
fsr-3722	258	32	individual	individual	NOUN
fsr-3722	258	33	’s	’s	PART
fsr-3722	258	34	household	household	NOUN
fsr-3722	258	35	will	will	AUX
fsr-3722	258	36	be	be	AUX
fsr-3722	258	37	subject	subject	ADJ
fsr-3722	258	38	to	to	ADP
fsr-3722	258	39	the	the	DET
fsr-3722	258	40	minimum	minimum	ADJ
fsr-3722	258	41	tax	tax	NOUN
fsr-3722	258	42	.	.	PUNCT
fsr-3722	258	43	”	"	PUNCT
fsr-3722	259	1	the	the	DET
fsr-3722	259	2	assumptions	assumption	NOUN
fsr-3722	259	3	made	make	VERB
fsr-3722	259	4	are	be	AUX
fsr-3722	259	5	those	those	PRON
fsr-3722	259	6	described	describe	VERB
fsr-3722	259	7	in	in	ADP
fsr-3722	259	8	the	the	DET
fsr-3722	259	9	first	first	ADJ
fsr-3722	259	10	two	two	NUM
fsr-3722	259	11	examples	example	NOUN
fsr-3722	259	12	except	except	SCONJ
fsr-3722	259	13	bond	bond	NOUN
fsr-3722	259	14	portfolio	portfolio	NOUN
fsr-3722	259	15	size	size	NOUN
fsr-3722	259	16	,	,	PUNCT
fsr-3722	259	17	b	b	NOUN
fsr-3722	259	18	,	,	PUNCT
fsr-3722	259	19	is	be	AUX
fsr-3722	259	20	varied	varied	ADJ
fsr-3722	259	21	from	from	ADP
fsr-3722	259	22	50	50	NUM
fsr-3722	259	23	%	%	NOUN
fsr-3722	259	24	to	to	PART
fsr-3722	259	25	150	150	NUM
fsr-3722	259	26	%	%	NOUN
fsr-3722	259	27	of	of	ADP
fsr-3722	259	28	median	median	ADJ
fsr-3722	259	29	income	income	NOUN
fsr-3722	259	30	which	which	PRON
fsr-3722	259	31	is	be	AUX
fsr-3722	259	32	set	set	VERB
fsr-3722	259	33	at	at	ADP
fsr-3722	259	34	$	$	SYM
fsr-3722	259	35	200,000	200,000	NUM
fsr-3722	259	36	.	.	PUNCT
fsr-3722	260	1	the	the	DET
fsr-3722	260	2	results	result	NOUN
fsr-3722	260	3	are	be	AUX
fsr-3722	260	4	presented	present	VERB
fsr-3722	260	5	in	in	ADP
fsr-3722	260	6	figure	figure	NOUN
fsr-3722	260	7	3	3	NUM
fsr-3722	260	8	.	.	PUNCT
fsr-3722	261	1	as	as	SCONJ
fsr-3722	261	2	one	one	PRON
fsr-3722	261	3	would	would	AUX
fsr-3722	261	4	expect	expect	VERB
fsr-3722	261	5	,	,	PUNCT
fsr-3722	261	6	the	the	PRON
fsr-3722	261	7	larger	large	ADJ
fsr-3722	261	8	the	the	DET
fsr-3722	261	9	size	size	NOUN
fsr-3722	261	10	of	of	ADP
fsr-3722	261	11	the	the	DET
fsr-3722	261	12	tax	tax	NOUN
fsr-3722	261	13	-	-	PUNCT
fsr-3722	261	14	exempt	exempt	ADJ
fsr-3722	261	15	portfolio	portfolio	NOUN
fsr-3722	261	16	the	the	PRON
fsr-3722	261	17	smaller	small	ADJ
fsr-3722	261	18	the	the	DET
fsr-3722	261	19	allocation	allocation	NOUN
fsr-3722	261	20	to	to	ADP
fsr-3722	261	21	private	private	ADJ
fsr-3722	261	22	-	-	PUNCT
fsr-3722	261	23	activity	activity	NOUN
fsr-3722	261	24	bonds	bond	NOUN
fsr-3722	261	25	.	.	PUNCT
fsr-3722	262	1	however	however	ADV
fsr-3722	262	2	,	,	PUNCT
fsr-3722	262	3	&	&	CCONJ
fsr-3722	262	4	x*&w	x*&w	PROPN
fsr-3722	262	5	is	be	AUX
fsr-3722	262	6	lower	low	ADJ
fsr-3722	262	7	for	for	ADP
fsr-3722	262	8	low	low	ADJ
fsr-3722	262	9	levels	level	NOUN
fsr-3722	262	10	of	of	ADP
fsr-3722	262	11	b.	b.	PROPN
fsr-3722	262	12	when	when	SCONJ
fsr-3722	262	13	b	b	NOUN
fsr-3722	262	14	is	be	AUX
fsr-3722	262	15	150	150	NUM
fsr-3722	262	16	%	%	NOUN
fsr-3722	262	17	of	of	ADP
fsr-3722	262	18	median	median	ADJ
fsr-3722	262	19	income	income	NOUN
fsr-3722	262	20	,	,	PUNCT
fsr-3722	262	21	a	a	PRON
fsr-3722	262	22	*	*	PUNCT
fsr-3722	262	23	is	be	AUX
fsr-3722	262	24	almost	almost	ADV
fsr-3722	262	25	constant	constant	ADJ
fsr-3722	262	26	in	in	ADP
fsr-3722	262	27	uncertainty	uncertainty	NOUN
fsr-3722	262	28	.	.	PUNCT
fsr-3722	263	1	70	70	NUM
fsr-3722	263	2	financial	financial	ADJ
fsr-3722	263	3	services	service	NOUN
fsr-3722	263	4	review	review	NOUN
fsr-3722	263	5	,	,	PUNCT
fsr-3722	263	6	3(l	3(l	NUM
fsr-3722	263	7	)	)	PUNCT
fsr-3722	263	8	1993	1993	NUM
fsr-3722	263	9	a	a	DET
fsr-3722	263	10	*	*	PUNCT
fsr-3722	263	11	opm	opm	PROPN
fsr-3722	263	12	itlknxtioii	itlknxtioii	NOUN
fsr-3722	263	13	to	to	ADP
fsr-3722	263	14	private	private	ADJ
fsr-3722	263	15	activity	activity	NOUN
fsr-3722	263	16	100x	100x	NUM
fsr-3722	263	17	90x	90x	NOUN
fsr-3722	263	18	box	box	NOUN
fsr-3722	263	19	70x	70x	NOUN
fsr-3722	263	20	6	6	NUM
fsr-3722	263	21	oz	oz	ADP
fsr-3722	263	22	507	507	NUM
fsr-3722	263	23	.	.	NOUN
fsr-3722	263	24	407	407	NUM
fsr-3722	263	25	.	.	X
fsr-3722	264	1	307	307	NUM
fsr-3722	264	2	;	;	PUNCT
fsr-3722	264	3	207	207	NUM
fsr-3722	264	4	.	.	X
fsr-3722	265	1	105	105	NUM
fsr-3722	265	2	:	:	PUNCT
fsr-3722	266	1	i	i	PRON
fsr-3722	266	2	i	i	PRON
fsr-3722	267	1	i	i	PRON
fsr-3722	267	2	i	i	PRON
fsr-3722	267	3	i	i	VERB
fsr-3722	267	4	1	1	NUM
fsr-3722	267	5	1.05	1.05	NUM
fsr-3722	267	6	1.1	1.1	NUM
fsr-3722	267	7	1.15	1.15	NUM
fsr-3722	267	8	12	12	NUM
fsr-3722	267	9	125	125	NUM
fsr-3722	267	10	df	df	NOUN
fsr-3722	267	11	dispersion	dispersion	NOUN
fsr-3722	267	12	factor	factor	NOUN
fsr-3722	267	13	0	0	NUM
fsr-3722	267	14	507	507	NUM
fsr-3722	267	15	.	.	PUNCT
fsr-3722	267	16	of	of	ADP
fsr-3722	267	17	med	med	PROPN
fsr-3722	267	18	.	.	PUNCT
fsr-3722	268	1	income	income	NOUN
fsr-3722	268	2	+	+	CCONJ
fsr-3722	268	3	100x	100x	NUM
fsr-3722	268	4	of	of	ADP
fsr-3722	268	5	med	med	ADJ
fsr-3722	268	6	.	.	PUNCT
fsr-3722	269	1	income	income	NOUN
fsr-3722	269	2	0	0	NUM
fsr-3722	269	3	1507	1507	NUM
fsr-3722	269	4	.	.	PUNCT
fsr-3722	269	5	of	of	ADP
fsr-3722	269	6	med	med	PROPN
fsr-3722	269	7	.	.	PUNCT
fsr-3722	270	1	income	income	NOUN
fsr-3722	270	2	figure	figure	NOUN
fsr-3722	270	3	3	3	NUM
fsr-3722	270	4	.	.	PUNCT
fsr-3722	271	1	the	the	DET
fsr-3722	271	2	optimal	optimal	ADJ
fsr-3722	271	3	allocation	allocation	NOUN
fsr-3722	271	4	to	to	ADP
fsr-3722	271	5	private	private	ADJ
fsr-3722	271	6	-	-	PUNCT
fsr-3722	271	7	activity	activity	NOUN
fsr-3722	271	8	bonds	bond	NOUN
fsr-3722	271	9	(	(	PUNCT
fsr-3722	271	10	a	a	DET
fsr-3722	271	11	*	*	NOUN
fsr-3722	271	12	)	)	PUNCT
fsr-3722	271	13	relative	relative	ADJ
fsr-3722	271	14	to	to	ADP
fsr-3722	271	15	the	the	DET
fsr-3722	271	16	dispersion	dispersion	NOUN
fsr-3722	271	17	factor	factor	NOUN
fsr-3722	271	18	of	of	ADP
fsr-3722	271	19	income	income	NOUN
fsr-3722	271	20	(	(	PUNCT
fsr-3722	271	21	of	of	ADP
fsr-3722	271	22	)	)	PUNCT
fsr-3722	271	23	for	for	ADP
fsr-3722	271	24	different	different	ADJ
fsr-3722	271	25	allocations	allocation	NOUN
fsr-3722	271	26	to	to	ADP
fsr-3722	271	27	the	the	DET
fsr-3722	271	28	tax	tax	NOUN
fsr-3722	271	29	-	-	PUNCT
fsr-3722	271	30	exempt	exempt	ADJ
fsr-3722	271	31	bond	bond	NOUN
fsr-3722	271	32	portfolio	portfolio	NOUN
fsr-3722	271	33	size	size	NOUN
fsr-3722	271	34	.	.	PUNCT
fsr-3722	272	1	note	note	NOUN
fsr-3722	272	2	:	:	PUNCT
fsr-3722	272	3	income	income	NOUN
fsr-3722	272	4	follows	follow	VERB
fsr-3722	272	5	a	a	DET
fsr-3722	272	6	pareto	pareto	ADJ
fsr-3722	272	7	distribution	distribution	NOUN
fsr-3722	272	8	and	and	CCONJ
fsr-3722	272	9	after	after	ADP
fsr-3722	272	10	-	-	PUNCT
fsr-3722	272	11	tax	tax	NOUN
fsr-3722	272	12	income	income	NOUN
fsr-3722	272	13	is	be	AUX
fsr-3722	272	14	calculated	calculate	VERB
fsr-3722	272	15	assuming	assume	VERB
fsr-3722	272	16	a	a	DET
fsr-3722	272	17	joint	joint	ADJ
fsr-3722	272	18	tiling	tile	VERB
fsr-3722	272	19	status	status	NOUN
fsr-3722	272	20	for	for	ADP
fsr-3722	272	21	a	a	DET
fsr-3722	272	22	married	married	ADJ
fsr-3722	272	23	couple	couple	NOUN
fsr-3722	272	24	.	.	PUNCT
fsr-3722	273	1	median	median	ADJ
fsr-3722	273	2	income	income	NOUN
fsr-3722	273	3	is	be	AUX
fsr-3722	273	4	$	$	SYM
fsr-3722	273	5	200,000	200,000	NUM
fsr-3722	273	6	.	.	PUNCT
fsr-3722	274	1	the	the	DET
fsr-3722	274	2	risk	risk	NOUN
fsr-3722	274	3	preferences	preference	NOUN
fsr-3722	274	4	of	of	ADP
fsr-3722	274	5	the	the	DET
fsr-3722	274	6	individual	individual	ADJ
fsr-3722	274	7	decision	decision	NOUN
fsr-3722	274	8	-	-	PUNCT
fsr-3722	274	9	maker	maker	NOUN
fsr-3722	274	10	are	be	AUX
fsr-3722	274	11	characterized	characterize	VERB
fsr-3722	274	12	by	by	ADP
fsr-3722	274	13	decreasing	decrease	VERB
fsr-3722	274	14	absolute	absolute	ADJ
fsr-3722	274	15	risk	risk	NOUN
fsr-3722	274	16	aversion	aversion	NOUN
fsr-3722	274	17	,	,	PUNCT
fsr-3722	274	18	the	the	DET
fsr-3722	274	19	proportion	proportion	NOUN
fsr-3722	274	20	of	of	ADP
fsr-3722	274	21	income	income	NOUN
fsr-3722	274	22	from	from	ADP
fsr-3722	274	23	preference	preference	NOUN
fsr-3722	274	24	items	item	NOUN
fsr-3722	274	25	(	(	PUNCT
fsr-3722	274	26	other	other	ADJ
fsr-3722	274	27	that	that	SCONJ
fsr-3722	274	28	private	private	ADJ
fsr-3722	274	29	-	-	PUNCT
fsr-3722	274	30	activity	activity	NOUN
fsr-3722	274	31	bond	bond	NOUN
fsr-3722	274	32	income	income	NOUN
fsr-3722	274	33	)	)	PUNCT
fsr-3722	274	34	and	and	CCONJ
fsr-3722	274	35	adjustments	adjustment	NOUN
fsr-3722	274	36	(	(	PUNCT
fsr-3722	274	37	p	p	X
fsr-3722	274	38	)	)	PUNCT
fsr-3722	274	39	totals	total	NOUN
fsr-3722	274	40	20	20	NUM
fsr-3722	274	41	%	%	NOUN
fsr-3722	274	42	.	.	PUNCT
fsr-3722	275	1	the	the	DET
fsr-3722	275	2	bonds	bond	NOUN
fsr-3722	275	3	mature	mature	VERB
fsr-3722	275	4	in	in	ADP
fsr-3722	275	5	one	one	NUM
fsr-3722	275	6	time	time	NOUN
fsr-3722	275	7	period	period	NOUN
fsr-3722	275	8	,	,	PUNCT
fsr-3722	275	9	are	be	AUX
fsr-3722	275	10	not	not	PART
fsr-3722	275	11	sold	sell	VERB
fsr-3722	275	12	short	short	ADJ
fsr-3722	275	13	,	,	PUNCT
fsr-3722	275	14	and	and	CCONJ
fsr-3722	275	15	are	be	AUX
fsr-3722	275	16	in	in	ADP
fsr-3722	275	17	all	all	DET
fsr-3722	275	18	other	other	ADJ
fsr-3722	275	19	aspects	aspect	NOUN
fsr-3722	275	20	identical	identical	ADJ
fsr-3722	275	21	except	except	SCONJ
fsr-3722	275	22	for	for	ADP
fsr-3722	275	23	their	their	PRON
fsr-3722	275	24	tax	tax	NOUN
fsr-3722	275	25	treatment	treatment	NOUN
fsr-3722	275	26	and	and	CCONJ
fsr-3722	275	27	yields	yield	NOUN
fsr-3722	275	28	.	.	PUNCT
fsr-3722	276	1	the	the	DET
fsr-3722	276	2	yield	yield	NOUN
fsr-3722	276	3	of	of	ADP
fsr-3722	276	4	the	the	DET
fsr-3722	276	5	private	private	ADJ
fsr-3722	276	6	-	-	PUNCT
fsr-3722	276	7	activity	activity	NOUN
fsr-3722	276	8	bond	bond	NOUN
fsr-3722	276	9	and	and	CCONJ
fsr-3722	276	10	the	the	DET
fsr-3722	276	11	essential	essential	ADJ
fsr-3722	276	12	-	-	PUNCT
fsr-3722	276	13	purpose	purpose	NOUN
fsr-3722	276	14	bond	bond	NOUN
fsr-3722	276	15	are	be	AUX
fsr-3722	276	16	6.93	6.93	NUM
fsr-3722	276	17	%	%	NOUN
fsr-3722	276	18	and	and	CCONJ
fsr-3722	276	19	6.73	6.73	NUM
fsr-3722	276	20	%	%	NOUN
fsr-3722	276	21	respectively	respectively	ADV
fsr-3722	276	22	.	.	PUNCT
fsr-3722	277	1	conclusion	conclusion	NOUN
fsr-3722	277	2	in	in	ADP
fsr-3722	277	3	this	this	DET
fsr-3722	277	4	article	article	NOUN
fsr-3722	277	5	,	,	PUNCT
fsr-3722	277	6	the	the	DET
fsr-3722	277	7	tax	tax	NOUN
fsr-3722	277	8	-	-	PUNCT
fsr-3722	277	9	exempt	exempt	ADJ
fsr-3722	277	10	bond	bond	NOUN
fsr-3722	277	11	portfolio	portfolio	NOUN
fsr-3722	277	12	decision	decision	NOUN
fsr-3722	277	13	is	be	AUX
fsr-3722	277	14	explored	explore	VERB
fsr-3722	277	15	when	when	SCONJ
fsr-3722	277	16	an	an	DET
fsr-3722	277	17	individual	individual	NOUN
fsr-3722	277	18	has	have	VERB
fsr-3722	277	19	the	the	DET
fsr-3722	277	20	option	option	NOUN
fsr-3722	277	21	of	of	ADP
fsr-3722	277	22	purchasing	purchase	VERB
fsr-3722	277	23	private	private	ADJ
fsr-3722	277	24	-	-	PUNCT
fsr-3722	277	25	activity	activity	NOUN
fsr-3722	277	26	bonds	bond	NOUN
fsr-3722	277	27	.	.	PUNCT
fsr-3722	278	1	it	it	PRON
fsr-3722	278	2	is	be	AUX
fsr-3722	278	3	shown	show	VERB
fsr-3722	278	4	that	that	SCONJ
fsr-3722	278	5	the	the	DET
fsr-3722	278	6	introduction	introduction	NOUN
fsr-3722	278	7	of	of	ADP
fsr-3722	278	8	private	private	ADJ
fsr-3722	278	9	-	-	PUNCT
fsr-3722	278	10	activity	activity	NOUN
fsr-3722	278	11	bonds	bond	NOUN
fsr-3722	278	12	affects	affect	VERB
fsr-3722	278	13	bond	bond	NOUN
fsr-3722	278	14	portfolio	portfolio	NOUN
fsr-3722	278	15	decision	decision	NOUN
fsr-3722	278	16	-	-	PUNCT
fsr-3722	278	17	making	making	NOUN
fsr-3722	278	18	when	when	SCONJ
fsr-3722	278	19	an	an	DET
fsr-3722	278	20	individ	individ	PROPN
fsr-3722	278	21	ual	ual	PROPN
fsr-3722	278	22	’s	’s	PART
fsr-3722	278	23	household	household	NOUN
fsr-3722	278	24	is	be	AUX
fsr-3722	278	25	subject	subject	ADJ
fsr-3722	278	26	to	to	ADP
fsr-3722	278	27	uncertain	uncertain	ADJ
fsr-3722	278	28	taxable	taxable	ADJ
fsr-3722	278	29	income	income	NOUN
fsr-3722	278	30	that	that	PRON
fsr-3722	278	31	may	may	AUX
fsr-3722	278	32	result	result	VERB
fsr-3722	278	33	in	in	ADP
fsr-3722	278	34	a	a	DET
fsr-3722	278	35	minimum	minimum	ADJ
fsr-3722	278	36	tax	tax	NOUN
fsr-3722	278	37	liability	liability	NOUN
fsr-3722	278	38	.	.	PUNCT
fsr-3722	279	1	the	the	DET
fsr-3722	279	2	results	result	NOUN
fsr-3722	279	3	in	in	ADP
fsr-3722	279	4	this	this	DET
fsr-3722	279	5	article	article	NOUN
fsr-3722	279	6	show	show	VERB
fsr-3722	279	7	that	that	SCONJ
fsr-3722	279	8	many	many	ADJ
fsr-3722	279	9	individuals	individual	NOUN
fsr-3722	279	10	will	will	AUX
fsr-3722	279	11	maximize	maximize	VERB
fsr-3722	279	12	the	the	DET
fsr-3722	279	13	expected	expect	VERB
fsr-3722	279	14	utility	utility	NOUN
fsr-3722	279	15	of	of	ADP
fsr-3722	279	16	after	after	ADP
fsr-3722	279	17	-	-	PUNCT
fsr-3722	279	18	tax	tax	NOUN
fsr-3722	279	19	income	income	NOUN
fsr-3722	279	20	by	by	ADP
fsr-3722	279	21	holding	hold	VERB
fsr-3722	279	22	a	a	DET
fsr-3722	279	23	large	large	ADJ
fsr-3722	279	24	portion	portion	NOUN
fsr-3722	279	25	of	of	ADP
fsr-3722	279	26	private	private	ADJ
fsr-3722	279	27	-	-	PUNCT
fsr-3722	279	28	activity	activity	NOUN
fsr-3722	279	29	bonds	bond	NOUN
fsr-3722	279	30	in	in	ADP
fsr-3722	279	31	their	their	PRON
fsr-3722	279	32	tax	tax	NOUN
fsr-3722	279	33	-	-	PUNCT
fsr-3722	279	34	exempt	exempt	ADJ
fsr-3722	279	35	portfolio	portfolio	NOUN
fsr-3722	279	36	even	even	ADV
fsr-3722	279	37	when	when	SCONJ
fsr-3722	279	38	faced	face	VERB
fsr-3722	279	39	with	with	ADP
fsr-3722	279	40	the	the	DET
fsr-3722	279	41	risk	risk	NOUN
fsr-3722	279	42	of	of	ADP
fsr-3722	279	43	a	a	DET
fsr-3722	279	44	minimum	minimum	ADJ
fsr-3722	279	45	tax	tax	NOUN
fsr-3722	279	46	liability	liability	NOUN
fsr-3722	279	47	.	.	PUNCT
fsr-3722	280	1	when	when	SCONJ
fsr-3722	280	2	applied	apply	VERB
fsr-3722	280	3	in	in	ADP
fsr-3722	280	4	a	a	DET
fsr-3722	280	5	portfolio	portfolio	NOUN
fsr-3722	280	6	planning	planning	NOUN
fsr-3722	280	7	framework	framework	NOUN
fsr-3722	280	8	,	,	PUNCT
fsr-3722	280	9	significantly	significantly	ADV
fsr-3722	280	10	greater	great	ADJ
fsr-3722	280	11	after	after	SCONJ
fsr-3722	280	12	tax	tax	NOUN
fsr-3722	280	13	income	income	NOUN
fsr-3722	280	14	may	may	AUX
fsr-3722	280	15	be	be	AUX
fsr-3722	280	16	realized	realize	VERB
fsr-3722	280	17	if	if	SCONJ
fsr-3722	280	18	private	private	ADJ
fsr-3722	280	19	-	-	PUNCT
fsr-3722	280	20	activity	activity	NOUN
fsr-3722	280	21	bonds	bond	NOUN
fsr-3722	280	22	are	be	AUX
fsr-3722	280	23	included	include	VERB
fsr-3722	280	24	in	in	ADP
fsr-3722	280	25	the	the	DET
fsr-3722	280	26	tax	tax	NOUN
fsr-3722	280	27	-	-	PUNCT
fsr-3722	280	28	exempt	exempt	ADJ
fsr-3722	280	29	portfolio	portfolio	NOUN
fsr-3722	280	30	.	.	PUNCT
fsr-3722	281	1	through	through	ADP
fsr-3722	281	2	simulation	simulation	NOUN
fsr-3722	281	3	,	,	PUNCT
fsr-3722	281	4	the	the	DET
fsr-3722	281	5	magnitude	magnitude	NOUN
fsr-3722	281	6	of	of	ADP
fsr-3722	281	7	the	the	DET
fsr-3722	281	8	benefit	benefit	NOUN
fsr-3722	281	9	derived	derive	VERB
fsr-3722	281	10	from	from	ADP
fsr-3722	281	11	holding	hold	VERB
fsr-3722	281	12	lndh&hal	lndh&hal	NOUN
fsr-3722	281	13	tar	tar	NOUN
fsr-3722	281	14	-	-	PUNCT
fsr-3722	281	15	exempt	exempt	ADJ
fsr-3722	281	16	bond	bond	NOUN
fsr-3722	281	17	portfolio	portfolio	NOUN
fsr-3722	281	18	71	71	NUM
fsr-3722	281	19	p	p	NOUN
fsr-3722	281	20	~	~	NOUN
fsr-3722	281	21	vat~-activity	vat~-activity	NOUN
fsr-3722	281	22	bonds	bond	NOUN
fsr-3722	281	23	is	be	AUX
fsr-3722	281	24	quoting	quote	VERB
fsr-3722	281	25	relative	relative	ADJ
fsr-3722	281	26	to	to	ADP
fsr-3722	281	27	indi	indi	PROPN
fsr-3722	281	28	~	~	PUNCT
fsr-3722	281	29	du~	du~	PROPN
fsr-3722	281	30	household	household	NOUN
fsr-3722	281	31	and	and	CCONJ
fsr-3722	281	32	market	market	NOUN
fsr-3722	281	33	characteristics	characteristic	NOUN
fsr-3722	281	34	.	.	PUNCT
fsr-3722	282	1	median	median	ADJ
fsr-3722	282	2	income	income	NOUN
fsr-3722	282	3	level	level	NOUN
fsr-3722	282	4	,	,	PUNCT
fsr-3722	282	5	yield	yield	VERB
fsr-3722	282	6	d	d	PROPN
fsr-3722	282	7	~	~	SYM
fsr-3722	282	8	fe	fe	NOUN
fsr-3722	282	9	~	~	NOUN
fsr-3722	282	10	nti~	nti~	NOUN
fsr-3722	282	11	,	,	PUNCT
fsr-3722	282	12	and	and	CCONJ
fsr-3722	282	13	tax	tax	NOUN
fsr-3722	282	14	-	-	PUNCT
fsr-3722	282	15	exempt	exempt	ADJ
fsr-3722	282	16	bond	bond	NOUN
fsr-3722	282	17	port	port	NOUN
fsr-3722	282	18	folio	folio	NOUN
fsr-3722	282	19	size	size	NOUN
fsr-3722	282	20	are	be	AUX
fsr-3722	282	21	all	all	PRON
fsr-3722	282	22	shown	show	VERB
fsr-3722	282	23	to	to	PART
fsr-3722	282	24	have	have	VERB
fsr-3722	282	25	a	a	DET
fsr-3722	282	26	significant	significant	ADJ
fsr-3722	282	27	impact	impact	NOUN
fsr-3722	282	28	on	on	ADP
fsr-3722	282	29	the	the	DET
fsr-3722	282	30	portfolio	portfolio	NOUN
fsr-3722	282	31	decision	decision	NOUN
fsr-3722	282	32	relative	relative	ADJ
fsr-3722	282	33	to	to	ADP
fsr-3722	282	34	income	income	NOUN
fsr-3722	282	35	uncertainty	uncertainty	NOUN
fsr-3722	282	36	.	.	PUNCT
fsr-3722	283	1	appendix	appendix	VERB
fsr-3722	283	2	a	a	DET
fsr-3722	283	3	simulation	simulation	NOUN
fsr-3722	283	4	steps	step	VERB
fsr-3722	283	5	the	the	DET
fsr-3722	283	6	simulation	simulation	NOUN
fsr-3722	283	7	steps	step	VERB
fsr-3722	283	8	1	1	NUM
fsr-3722	283	9	through	through	ADP
fsr-3722	283	10	3	3	NUM
fsr-3722	283	11	are	be	AUX
fsr-3722	283	12	repeated	repeat	VERB
fsr-3722	283	13	10,000	10,000	NUM
fsr-3722	283	14	times	time	NOUN
fsr-3722	283	15	.	.	PUNCT
fsr-3722	284	1	the	the	DET
fsr-3722	284	2	01	01	NUM
fsr-3722	284	3	that	that	PRON
fsr-3722	284	4	yields	yield	VERB
fsr-3722	284	5	the	the	DET
fsr-3722	284	6	greatest	great	ADJ
fsr-3722	284	7	average	average	ADJ
fsr-3722	284	8	utility	utility	NOUN
fsr-3722	284	9	is	be	AUX
fsr-3722	284	10	selected	select	VERB
fsr-3722	284	11	as	as	ADP
fsr-3722	284	12	the	the	DET
fsr-3722	284	13	optimal	optimal	ADJ
fsr-3722	284	14	cc	cc	NOUN
fsr-3722	284	15	*	*	NOUN
fsr-3722	284	16	.	.	PUNCT
fsr-3722	284	17	steps	step	NOUN
fsr-3722	284	18	:	:	PUNCT
fsr-3722	284	19	1	1	X
fsr-3722	284	20	.	.	X
fsr-3722	284	21	income	income	NOUN
fsr-3722	284	22	(	(	PUNCT
fsr-3722	284	23	n	n	CCONJ
fsr-3722	284	24	)	)	PUNCT
fsr-3722	284	25	is	be	AUX
fsr-3722	284	26	generated	generate	VERB
fsr-3722	284	27	by	by	ADP
fsr-3722	284	28	approximating	approximate	VERB
fsr-3722	284	29	a	a	DET
fsr-3722	284	30	pareto	pareto	ADJ
fsr-3722	284	31	distribution	distribution	NOUN
fsr-3722	284	32	.	.	PUNCT
fsr-3722	285	1	this	this	PRON
fsr-3722	285	2	is	be	AUX
fsr-3722	285	3	accomplished	accomplish	VERB
fsr-3722	285	4	by	by	ADP
fsr-3722	285	5	generating	generate	VERB
fsr-3722	285	6	a	a	DET
fsr-3722	285	7	lognormal	lognormal	ADJ
fsr-3722	285	8	random	random	ADJ
fsr-3722	285	9	variable	variable	NOUN
fsr-3722	285	10	with	with	ADP
fsr-3722	285	11	a	a	DET
fsr-3722	285	12	median	median	ADJ
fsr-3722	285	13	(	(	PUNCT
fsr-3722	285	14	m	m	NOUN
fsr-3722	285	15	)	)	PUNCT
fsr-3722	285	16	and	and	CCONJ
fsr-3722	285	17	dispersion	dispersion	NOUN
fsr-3722	285	18	factor	factor	NOUN
fsr-3722	285	19	(	(	PUNCT
fsr-3722	285	20	of	of	ADP
fsr-3722	285	21	’	'	PUNCT
fsr-3722	285	22	)	)	PUNCT
fsr-3722	285	23	and	and	CCONJ
fsr-3722	285	24	setting	set	VERB
fsr-3722	285	25	all	all	DET
fsr-3722	285	26	values	value	NOUN
fsr-3722	285	27	less	less	ADJ
fsr-3722	285	28	than	than	ADP
fsr-3722	285	29	the	the	DET
fsr-3722	285	30	mode	mode	NOUN
fsr-3722	285	31	of	of	ADP
fsr-3722	285	32	the	the	DET
fsr-3722	285	33	lognormal	lognormal	ADJ
fsr-3722	285	34	variable	variable	NOUN
fsr-3722	285	35	equal	equal	ADJ
fsr-3722	285	36	to	to	ADP
fsr-3722	285	37	the	the	DET
fsr-3722	285	38	mode	mode	NOUN
fsr-3722	285	39	(	(	PUNCT
fsr-3722	285	40	sachs	sachs	NOUN
fsr-3722	285	41	,	,	PUNCT
fsr-3722	285	42	1982	1982	NUM
fsr-3722	285	43	.	.	PUNCT
fsr-3722	286	1	p.	p.	NOUN
fsr-3722	286	2	111	111	NUM
fsr-3722	286	3	)	)	PUNCT
fsr-3722	286	4	.	.	PUNCT
fsr-3722	287	1	2	2	X
fsr-3722	287	2	.	.	X
fsr-3722	287	3	after	after	ADP
fsr-3722	287	4	-	-	PUNCT
fsr-3722	287	5	tax	tax	NOUN
fsr-3722	287	6	income	income	NOUN
fsr-3722	287	7	(	(	PUNCT
fsr-3722	287	8	x	x	NOUN
fsr-3722	287	9	)	)	PUNCT
fsr-3722	287	10	for	for	ADP
fsr-3722	287	11	all	all	DET
fsr-3722	287	12	ci	ci	NOUN
fsr-3722	287	13	=	=	NOUN
fsr-3722	287	14	0.0	0.0	NUM
fsr-3722	287	15	to	to	PART
fsr-3722	287	16	1.0	1.0	NUM
fsr-3722	287	17	(	(	PUNCT
fsr-3722	287	18	in	in	ADP
fsr-3722	287	19	steps	step	NOUN
fsr-3722	287	20	of	of	ADP
fsr-3722	287	21	0.01	0.01	NUM
fsr-3722	287	22	)	)	PUNCT
fsr-3722	287	23	is	be	AUX
fsr-3722	287	24	derived	derive	VERB
fsr-3722	287	25	by	by	ADP
fsr-3722	287	26	x	x	X
fsr-3722	287	27	=	=	PROPN
fsr-3722	287	28	n+(l	n+(l	NOUN
fsr-3722	287	29	-a)br,+abr,+pn	-a)br,+abr,+pn	PUNCT
fsr-3722	287	30	where	where	SCONJ
fsr-3722	287	31	,	,	PUNCT
fsr-3722	287	32	e,(n	e,(n	NOUN
fsr-3722	287	33	)	)	PUNCT
fsr-3722	287	34	is	be	AUX
fsr-3722	287	35	$	$	SYM
fsr-3722	287	36	40,000	40,000	NUM
fsr-3722	287	37	if	if	SCONJ
fsr-3722	287	38	n	n	NOUN
fsr-3722	287	39	is	be	AUX
fsr-3722	287	40	less	less	ADJ
fsr-3722	287	41	than	than	ADP
fsr-3722	287	42	$	$	SYM
fsr-3722	287	43	150,000	150,000	NUM
fsr-3722	287	44	or	or	CCONJ
fsr-3722	287	45	the	the	DET
fsr-3722	287	46	maximum	maximum	NOUN
fsr-3722	287	47	of	of	ADP
fsr-3722	287	48	$	$	SYM
fsr-3722	287	49	0	0	NUM
fsr-3722	287	50	or	or	CCONJ
fsr-3722	287	51	$	$	SYM
fsr-3722	287	52	40,000	40,000	NUM
fsr-3722	287	53	minus	minus	CCONJ
fsr-3722	287	54	25	25	NUM
fsr-3722	287	55	%	%	NOUN
fsr-3722	287	56	of	of	ADP
fsr-3722	287	57	the	the	DET
fsr-3722	287	58	difference	difference	NOUN
fsr-3722	287	59	between	between	ADP
fsr-3722	287	60	the	the	DET
fsr-3722	287	61	minimum	minimum	ADJ
fsr-3722	287	62	taxable	taxable	ADJ
fsr-3722	287	63	income	income	NOUN
fsr-3722	287	64	and	and	CCONJ
fsr-3722	287	65	$	$	SYM
fsr-3722	287	66	150,000	150,000	NUM
fsr-3722	287	67	,	,	PUNCT
fsr-3722	287	68	e,(n	e,(n	NOUN
fsr-3722	287	69	)	)	PUNCT
fsr-3722	287	70	is	be	AUX
fsr-3722	287	71	$	$	SYM
fsr-3722	287	72	5300	5300	NUM
fsr-3722	287	73	reduced	reduce	VERB
fsr-3722	287	74	by	by	ADP
fsr-3722	287	75	2	2	NUM
fsr-3722	287	76	%	%	NOUN
fsr-3722	287	77	for	for	ADP
fsr-3722	287	78	each	each	DET
fsr-3722	287	79	$	$	SYM
fsr-3722	287	80	2500	2500	NUM
fsr-3722	287	81	(	(	PUNCT
fsr-3722	287	82	or	or	CCONJ
fsr-3722	287	83	fraction	fraction	NOUN
fsr-3722	287	84	of	of	ADP
fsr-3722	287	85	)	)	PUNCT
fsr-3722	287	86	that	that	PRON
fsr-3722	287	87	adjusted	adjust	VERB
fsr-3722	287	88	gross	gross	ADJ
fsr-3722	287	89	income	income	NOUN
fsr-3722	287	90	exceeds	exceed	VERB
fsr-3722	287	91	$	$	SYM
fsr-3722	287	92	150,000	150,000	NUM
fsr-3722	287	93	,	,	PUNCT
fsr-3722	287	94	z	z	X
fsr-3722	287	95	{	{	PUNCT
fsr-3722	287	96	.	.	PUNCT
fsr-3722	287	97	}	}	PUNCT
fsr-3722	287	98	follows	follow	VERB
fsr-3722	287	99	the	the	DET
fsr-3722	287	100	1991	1991	NUM
fsr-3722	287	101	federal	federal	ADJ
fsr-3722	287	102	income	income	NOUN
fsr-3722	287	103	tax	tax	NOUN
fsr-3722	287	104	schedule	schedule	NOUN
fsr-3722	287	105	yi	yi	NOUN
fsr-3722	287	106	for	for	ADP
fsr-3722	287	107	a	a	DET
fsr-3722	287	108	married	married	ADJ
fsr-3722	287	109	couple	couple	NOUN
fsr-3722	287	110	filing	file	VERB
fsr-3722	287	111	a	a	DET
fsr-3722	287	112	joint	joint	ADJ
fsr-3722	287	113	return	return	NOUN
fsr-3722	287	114	.	.	PUNCT
fsr-3722	288	1	3	3	X
fsr-3722	288	2	.	.	X
fsr-3722	288	3	the	the	DET
fsr-3722	288	4	utility	utility	NOUN
fsr-3722	288	5	of	of	ADP
fsr-3722	288	6	each	each	DET
fsr-3722	288	7	after	after	ADP
fsr-3722	288	8	-	-	PUNCT
fsr-3722	288	9	tax	tax	NOUN
fsr-3722	288	10	income	income	NOUN
fsr-3722	288	11	is	be	AUX
fsr-3722	288	12	set	set	VERB
fsr-3722	288	13	equal	equal	ADJ
fsr-3722	288	14	to	to	ADP
fsr-3722	288	15	u{x	u{x	ADJ
fsr-3722	288	16	}	}	PUNCT
fsr-3722	288	17	=	=	SYM
fsr-3722	288	18	log(x	log(x	PROPN
fsr-3722	288	19	)	)	PUNCT
fsr-3722	288	20	.	.	PUNCT
fsr-3722	289	1	(	(	PUNCT
fsr-3722	289	2	a-2	a-2	NOUN
fsr-3722	289	3	)	)	PUNCT
fsr-3722	289	4	notes	note	VERB
fsr-3722	289	5	1	1	NUM
fsr-3722	289	6	.	.	PUNCT
fsr-3722	290	1	some	some	DET
fsr-3722	290	2	private	private	ADJ
fsr-3722	290	3	-	-	PUNCT
fsr-3722	290	4	activity	activity	NOUN
fsr-3722	290	5	bonds	bond	NOUN
fsr-3722	290	6	are	be	AUX
fsr-3722	290	7	qualified	qualified	ADJ
fsr-3722	290	8	as	as	ADP
fsr-3722	290	9	tax	tax	NOUN
fsr-3722	290	10	-	-	PUNCT
fsr-3722	290	11	exempt	exempt	ADJ
fsr-3722	290	12	under	under	ADP
fsr-3722	290	13	the	the	DET
fsr-3722	290	14	tax	tax	NOUN
fsr-3722	290	15	code	code	NOUN
fsr-3722	290	16	section	section	NOUN
fsr-3722	290	17	501(c)(3	501(c)(3	NOUN
fsr-3722	290	18	)	)	PUNCT
fsr-3722	290	19	.	.	PUNCT
fsr-3722	291	1	2	2	X
fsr-3722	291	2	.	.	X
fsr-3722	291	3	for	for	ADP
fsr-3722	291	4	a	a	DET
fsr-3722	291	5	detailed	detailed	ADJ
fsr-3722	291	6	discussion	discussion	NOUN
fsr-3722	291	7	of	of	ADP
fsr-3722	291	8	private	private	ADJ
fsr-3722	291	9	-	-	PUNCT
fsr-3722	291	10	activity	activity	NOUN
fsr-3722	291	11	bonds	bond	NOUN
fsr-3722	291	12	the	the	DET
fsr-3722	291	13	reader	reader	NOUN
fsr-3722	291	14	is	be	AUX
fsr-3722	291	15	referred	refer	VERB
fsr-3722	291	16	to	to	ADP
fsr-3722	291	17	brown	brown	NOUN
fsr-3722	291	18	(	(	PUNCT
fsr-3722	291	19	1988	1988	NUM
fsr-3722	291	20	)	)	PUNCT
fsr-3722	291	21	,	,	PUNCT
fsr-3722	291	22	petersen	petersen	PROPN
fsr-3722	291	23	(	(	PUNCT
fsr-3722	291	24	1988	1988	NUM
fsr-3722	291	25	)	)	PUNCT
fsr-3722	291	26	,	,	PUNCT
fsr-3722	291	27	bettner	bettner	NOUN
fsr-3722	291	28	(	(	PUNCT
fsr-3722	291	29	1990	1990	NUM
fsr-3722	291	30	)	)	PUNCT
fsr-3722	291	31	,	,	PUNCT
fsr-3722	291	32	or	or	CCONJ
fsr-3722	291	33	day	day	NOUN
fsr-3722	291	34	(	(	PUNCT
fsr-3722	291	35	1991	1991	NUM
fsr-3722	291	36	)	)	PUNCT
fsr-3722	291	37	.	.	PUNCT
fsr-3722	292	1	3	3	X
fsr-3722	292	2	.	.	X
fsr-3722	292	3	piros	piro	NOUN
fsr-3722	292	4	(	(	PUNCT
fsr-3722	292	5	1987	1987	NUM
fsr-3722	292	6	)	)	PUNCT
fsr-3722	292	7	provides	provide	VERB
fsr-3722	292	8	a	a	DET
fsr-3722	292	9	model	model	NOUN
fsr-3722	292	10	of	of	ADP
fsr-3722	292	11	individual	individual	ADJ
fsr-3722	292	12	choice	choice	NOUN
fsr-3722	292	13	under	under	ADP
fsr-3722	292	14	uncertainty	uncertainty	NOUN
fsr-3722	292	15	relative	relative	ADJ
fsr-3722	292	16	to	to	ADP
fsr-3722	292	17	taxable	taxable	ADJ
fsr-3722	292	18	and	and	CCONJ
fsr-3722	292	19	tax	tax	NOUN
fsr-3722	292	20	-	-	PUNCT
fsr-3722	292	21	exempt	exempt	ADJ
fsr-3722	292	22	bonds	bond	NOUN
fsr-3722	292	23	.	.	PUNCT
fsr-3722	293	1	although	although	SCONJ
fsr-3722	293	2	this	this	DET
fsr-3722	293	3	article	article	NOUN
fsr-3722	293	4	focuses	focus	VERB
fsr-3722	293	5	on	on	ADP
fsr-3722	293	6	essential	essential	ADJ
fsr-3722	293	7	-	-	PUNCT
fsr-3722	293	8	purpose	purpose	NOUN
fsr-3722	293	9	and	and	CCONJ
fsr-3722	293	10	private	private	ADJ
fsr-3722	293	11	-	-	PUNCT
fsr-3722	293	12	activity	activity	NOUN
fsr-3722	293	13	bonds	bond	NOUN
fsr-3722	293	14	,	,	PUNCT
fsr-3722	293	15	the	the	DET
fsr-3722	293	16	analysis	analysis	NOUN
fsr-3722	293	17	is	be	AUX
fsr-3722	293	18	similar	similar	ADJ
fsr-3722	293	19	in	in	ADP
fsr-3722	293	20	that	that	DET
fsr-3722	293	21	uncertain	uncertain	ADJ
fsr-3722	293	22	income	income	NOUN
fsr-3722	293	23	results	result	NOUN
fsr-3722	293	24	in	in	ADP
fsr-3722	293	25	uncertain	uncertain	ADJ
fsr-3722	293	26	tax	tax	NOUN
fsr-3722	293	27	treatment	treatment	NOUN
fsr-3722	293	28	.	.	PUNCT
fsr-3722	294	1	however	however	ADV
fsr-3722	294	2	,	,	PUNCT
fsr-3722	294	3	unlike	unlike	ADP
fsr-3722	294	4	the	the	DET
fsr-3722	294	5	analysis	analysis	NOUN
fsr-3722	294	6	by	by	ADP
fsr-3722	294	7	piros	piro	NOUN
fsr-3722	294	8	,	,	PUNCT
fsr-3722	294	9	the	the	DET
fsr-3722	294	10	mi	mi	PROPN
fsr-3722	294	11	~	~	PROPN
fsr-3722	294	12	mum	mum	NOUN
fsr-3722	294	13	tax	tax	NOUN
fsr-3722	294	14	function	function	NOUN
fsr-3722	294	15	is	be	AUX
fsr-3722	294	16	noncontinuous	noncontinuous	ADJ
fsr-3722	294	17	necessitating	necessitate	VERB
fsr-3722	294	18	the	the	DET
fsr-3722	294	19	use	use	NOUN
fsr-3722	294	20	72	72	NUM
fsr-3722	294	21	financial	financial	ADJ
fsr-3722	294	22	services	service	NOUN
fsr-3722	294	23	review	review	NOUN
fsr-3722	294	24	,	,	PUNCT
fsr-3722	294	25	3(l	3(l	NUM
fsr-3722	294	26	)	)	PUNCT
fsr-3722	294	27	1993	1993	NUM
fsr-3722	294	28	of	of	ADP
fsr-3722	294	29	simulation	simulation	NOUN
fsr-3722	294	30	.	.	PUNCT
fsr-3722	295	1	the	the	DET
fsr-3722	295	2	security	security	NOUN
fsr-3722	295	3	portfolio	portfolio	NOUN
fsr-3722	295	4	choice	choice	NOUN
fsr-3722	295	5	decision	decision	NOUN
fsr-3722	295	6	given	give	VERB
fsr-3722	295	7	various	various	ADJ
fsr-3722	295	8	sources	source	NOUN
fsr-3722	295	9	of	of	ADP
fsr-3722	295	10	uncertainty	uncertainty	NOUN
fsr-3722	295	11	has	have	AUX
fsr-3722	295	12	been	be	AUX
fsr-3722	295	13	extensively	extensively	ADV
fsr-3722	295	14	addressed	address	VERB
fsr-3722	295	15	in	in	ADP
fsr-3722	295	16	the	the	DET
fsr-3722	295	17	literature	literature	NOUN
fsr-3722	295	18	(	(	PUNCT
fsr-3722	295	19	i.e.	i.e.	X
fsr-3722	295	20	,	,	PUNCT
fsr-3722	295	21	kwan	kwan	PROPN
fsr-3722	295	22	&	&	CCONJ
fsr-3722	295	23	yip	yip	PROPN
fsr-3722	295	24	(	(	PUNCT
fsr-3722	295	25	1987	1987	NUM
fsr-3722	295	26	)	)	PUNCT
fsr-3722	295	27	,	,	PUNCT
fsr-3722	295	28	kwan	kwan	PROPN
fsr-3722	295	29	(	(	PUNCT
fsr-3722	295	30	1988	1988	NUM
fsr-3722	295	31	)	)	PUNCT
fsr-3722	295	32	,	,	PUNCT
fsr-3722	295	33	chamber	chamber	NOUN
fsr-3722	295	34	lain	lain	PROPN
fsr-3722	295	35	&	&	CCONJ
fsr-3722	295	36	cheung	cheung	PROPN
fsr-3722	295	37	(	(	PUNCT
fsr-3722	295	38	1990	1990	NUM
fsr-3722	295	39	)	)	PUNCT
fsr-3722	295	40	)	)	PUNCT
fsr-3722	295	41	.	.	PUNCT
fsr-3722	296	1	4	4	X
fsr-3722	296	2	.	.	X
fsr-3722	296	3	this	this	DET
fsr-3722	296	4	simplifying	simplify	VERB
fsr-3722	296	5	comparison	comparison	NOUN
fsr-3722	296	6	allows	allow	VERB
fsr-3722	296	7	the	the	DET
fsr-3722	296	8	focus	focus	NOUN
fsr-3722	296	9	of	of	ADP
fsr-3722	296	10	this	this	DET
fsr-3722	296	11	article	article	NOUN
fsr-3722	296	12	to	to	PART
fsr-3722	296	13	be	be	AUX
fsr-3722	296	14	on	on	ADP
fsr-3722	296	15	how	how	SCONJ
fsr-3722	296	16	the	the	DET
fsr-3722	296	17	allocation	allocation	NOUN
fsr-3722	296	18	to	to	ADP
fsr-3722	296	19	private	private	ADJ
fsr-3722	296	20	-	-	PUNCT
fsr-3722	296	21	activity	activity	NOUN
fsr-3722	296	22	bonds	bond	NOUN
fsr-3722	296	23	affects	affect	VERB
fsr-3722	296	24	individual	individual	ADJ
fsr-3722	296	25	utility	utility	NOUN
fsr-3722	296	26	.	.	PUNCT
fsr-3722	297	1	it	it	PRON
fsr-3722	297	2	is	be	AUX
fsr-3722	297	3	not	not	PART
fsr-3722	297	4	the	the	DET
fsr-3722	297	5	purpose	purpose	NOUN
fsr-3722	297	6	of	of	ADP
fsr-3722	297	7	this	this	DET
fsr-3722	297	8	article	article	NOUN
fsr-3722	297	9	to	to	PART
fsr-3722	297	10	address	address	VERB
fsr-3722	297	11	allocation	allocation	NOUN
fsr-3722	297	12	within	within	ADP
fsr-3722	297	13	private	private	ADJ
fsr-3722	297	14	-	-	PUNCT
fsr-3722	297	15	activity	activity	NOUN
fsr-3722	297	16	bonds	bond	NOUN
fsr-3722	297	17	or	or	CCONJ
fsr-3722	297	18	,	,	PUNCT
fsr-3722	297	19	for	for	ADP
fsr-3722	297	20	that	that	DET
fsr-3722	297	21	matter	matter	NOUN
fsr-3722	297	22	,	,	PUNCT
fsr-3722	297	23	within	within	ADP
fsr-3722	297	24	essential	essential	ADJ
fsr-3722	297	25	-	-	PUNCT
fsr-3722	297	26	purpose	purpose	NOUN
fsr-3722	297	27	bonds	bond	NOUN
fsr-3722	297	28	.	.	PUNCT
fsr-3722	298	1	however	however	ADV
fsr-3722	298	2	,	,	PUNCT
fsr-3722	298	3	a	a	DET
fsr-3722	298	4	simulation	simulation	NOUN
fsr-3722	298	5	approach	approach	NOUN
fsr-3722	298	6	similar	similar	ADJ
fsr-3722	298	7	to	to	ADP
fsr-3722	298	8	this	this	PRON
fsr-3722	298	9	could	could	AUX
fsr-3722	298	10	be	be	AUX
fsr-3722	298	11	employed	employ	VERB
fsr-3722	298	12	as	as	ADP
fsr-3722	298	13	a	a	DET
fsr-3722	298	14	decision	decision	NOUN
fsr-3722	298	15	-	-	PUNCT
fsr-3722	298	16	making	make	VERB
fsr-3722	298	17	tool	tool	NOUN
fsr-3722	298	18	to	to	PART
fsr-3722	298	19	address	address	VERB
fsr-3722	298	20	the	the	DET
fsr-3722	298	21	time	time	NOUN
fsr-3722	298	22	dependent	dependent	ADJ
fsr-3722	298	23	portfolio	portfolio	NOUN
fsr-3722	298	24	allocation	allocation	NOUN
fsr-3722	298	25	problem	problem	NOUN
fsr-3722	298	26	.	.	PUNCT
fsr-3722	299	1	5	5	X
fsr-3722	299	2	.	.	X
fsr-3722	299	3	the	the	DET
fsr-3722	299	4	relationship	relationship	NOUN
fsr-3722	299	5	of	of	ADP
fsr-3722	299	6	after	after	ADP
fsr-3722	299	7	-	-	PUNCT
fsr-3722	299	8	tax	tax	NOUN
fsr-3722	299	9	returns	return	NOUN
fsr-3722	299	10	in	in	ADP
fsr-3722	299	11	an	an	DET
fsr-3722	299	12	efficient	efficient	ADJ
fsr-3722	299	13	market	market	NOUN
fsr-3722	299	14	where	where	SCONJ
fsr-3722	299	15	individual	individual	ADJ
fsr-3722	299	16	income	income	NOUN
fsr-3722	299	17	is	be	AUX
fsr-3722	299	18	certain	certain	ADJ
fsr-3722	299	19	is	be	AUX
fsr-3722	299	20	rt	rt	PROPN
fsr-3722	299	21	,	,	PUNCT
fsr-3722	299	22	>	>	X
fsr-3722	299	23	re	re	ADP
fsr-3722	299	24	>	>	X
fsr-3722	299	25	(	(	PUNCT
fsr-3722	299	26	1	1	NUM
fsr-3722	299	27	t,)r	t,)r	PROPN
fsr-3722	299	28	,	,	PUNCT
fsr-3722	299	29	where	where	SCONJ
fsr-3722	299	30	r	r	NOUN
fsr-3722	299	31	,	,	PUNCT
fsr-3722	299	32	is	be	AUX
fsr-3722	299	33	the	the	DET
fsr-3722	299	34	yield	yield	NOUN
fsr-3722	299	35	on	on	ADP
fsr-3722	299	36	essential	essential	ADJ
fsr-3722	299	37	-	-	PUNCT
fsr-3722	299	38	purpose	purpose	NOUN
fsr-3722	299	39	bonds	bond	NOUN
fsr-3722	299	40	,	,	PUNCT
fsr-3722	299	41	rp	rp	NOUN
fsr-3722	299	42	is	be	AUX
fsr-3722	299	43	the	the	DET
fsr-3722	299	44	yield	yield	NOUN
fsr-3722	299	45	on	on	ADP
fsr-3722	299	46	private	private	ADJ
fsr-3722	299	47	-	-	PUNCT
fsr-3722	299	48	activity	activity	NOUN
fsr-3722	299	49	bonds	bond	NOUN
fsr-3722	299	50	,	,	PUNCT
fsr-3722	299	51	and	and	CCONJ
fsr-3722	299	52	tq	tq	INTJ
fsr-3722	299	53	is	be	AUX
fsr-3722	299	54	the	the	DET
fsr-3722	299	55	minimum	minimum	ADJ
fsr-3722	299	56	tax	tax	NOUN
fsr-3722	299	57	rate	rate	NOUN
fsr-3722	299	58	.	.	PUNCT
fsr-3722	300	1	refer	refer	VERB
fsr-3722	300	2	to	to	PART
fsr-3722	300	3	puelz	puelz	VERB
fsr-3722	300	4	and	and	CCONJ
fsr-3722	300	5	puelz	puelz	VERB
fsr-3722	300	6	(	(	PUNCT
fsr-3722	300	7	1991	1991	NUM
fsr-3722	300	8	)	)	PUNCT
fsr-3722	300	9	for	for	ADP
fsr-3722	300	10	a	a	DET
fsr-3722	300	11	detailed	detailed	ADJ
fsr-3722	300	12	discussion	discussion	NOUN
fsr-3722	300	13	of	of	ADP
fsr-3722	300	14	the	the	DET
fsr-3722	300	15	relationship	relationship	NOUN
fsr-3722	300	16	of	of	ADP
fsr-3722	300	17	after	after	ADP
fsr-3722	300	18	-	-	PUNCT
fsr-3722	300	19	tax	tax	NOUN
fsr-3722	300	20	returns	return	NOUN
fsr-3722	300	21	given	give	VERB
fsr-3722	300	22	income	income	NOUN
fsr-3722	300	23	certainty	certainty	NOUN
fsr-3722	300	24	.	.	PUNCT
fsr-3722	301	1	6	6	X
fsr-3722	301	2	.	.	PUNCT
fsr-3722	301	3	this	this	DET
fsr-3722	301	4	optimality	optimality	NOUN
fsr-3722	301	5	condition	condition	NOUN
fsr-3722	301	6	under	under	ADP
fsr-3722	301	7	certainty	certainty	NOUN
fsr-3722	301	8	is	be	AUX
fsr-3722	301	9	illustrated	illustrate	VERB
fsr-3722	301	10	in	in	ADP
fsr-3722	301	11	puelz	puelz	NOUN
fsr-3722	301	12	and	and	CCONJ
fsr-3722	301	13	puelz	puelz	VERB
fsr-3722	301	14	(	(	PUNCT
fsr-3722	301	15	1991	1991	NUM
fsr-3722	301	16	)	)	PUNCT
fsr-3722	301	17	.	.	PUNCT
fsr-3722	302	1	7	7	X
fsr-3722	302	2	.	.	X
fsr-3722	302	3	it	it	PRON
fsr-3722	302	4	is	be	AUX
fsr-3722	302	5	assumed	assume	VERB
fsr-3722	302	6	that	that	SCONJ
fsr-3722	302	7	the	the	DET
fsr-3722	302	8	investor	investor	NOUN
fsr-3722	302	9	has	have	AUX
fsr-3722	302	10	made	make	VERB
fsr-3722	302	11	all	all	DET
fsr-3722	302	12	other	other	ADJ
fsr-3722	302	13	portfolio	portfolio	NOUN
fsr-3722	302	14	decisions	decision	NOUN
fsr-3722	302	15	,	,	PUNCT
fsr-3722	302	16	e.g.	e.g.	ADV
fsr-3722	302	17	,	,	PUNCT
fsr-3722	302	18	the	the	DET
fsr-3722	302	19	stock	stock	NOUN
fsr-3722	302	20	portfolio	portfolio	NOUN
fsr-3722	302	21	,	,	PUNCT
fsr-3722	302	22	so	so	CCONJ
fsr-3722	302	23	the	the	DET
fsr-3722	302	24	only	only	ADJ
fsr-3722	302	25	investment	investment	NOUN
fsr-3722	302	26	under	under	ADP
fsr-3722	302	27	consideration	consideration	NOUN
fsr-3722	302	28	is	be	AUX
fsr-3722	302	29	the	the	DET
fsr-3722	302	30	net	net	ADJ
fsr-3722	302	31	investable	investable	ADJ
fsr-3722	302	32	wealth	wealth	NOUN
fsr-3722	302	33	in	in	ADP
fsr-3722	302	34	the	the	DET
fsr-3722	302	35	tax	tax	NOUN
fsr-3722	302	36	-	-	PUNCT
fsr-3722	302	37	exempt	exempt	ADJ
fsr-3722	302	38	portfolio	portfolio	NOUN
fsr-3722	302	39	.	.	PUNCT
fsr-3722	303	1	8	8	X
fsr-3722	303	2	.	.	X
fsr-3722	304	1	in	in	ADP
fsr-3722	304	2	the	the	DET
fsr-3722	304	3	pareto	pareto	ADJ
fsr-3722	304	4	distribution	distribution	NOUN
fsr-3722	304	5	the	the	DET
fsr-3722	304	6	income	income	NOUN
fsr-3722	304	7	range	range	NOUN
fsr-3722	304	8	from	from	ADP
fsr-3722	304	9	median	median	ADJ
fsr-3722	304	10	income	income	NOUN
fsr-3722	304	11	divided	divide	VERB
fsr-3722	304	12	by	by	ADP
fsr-3722	304	13	df	df	NOUN
fsr-3722	304	14	to	to	ADP
fsr-3722	304	15	median	median	ADJ
fsr-3722	304	16	income	income	NOUN
fsr-3722	304	17	multiplied	multiply	VERB
fsr-3722	304	18	by	by	ADP
fsr-3722	304	19	df	df	PROPN
fsr-3722	304	20	contains	contain	VERB
fsr-3722	304	21	68	68	NUM
fsr-3722	304	22	percent	percent	NOUN
fsr-3722	304	23	of	of	ADP
fsr-3722	304	24	the	the	DET
fsr-3722	304	25	income	income	NOUN
fsr-3722	304	26	distribution	distribution	NOUN
fsr-3722	304	27	.	.	PUNCT
fsr-3722	305	1	for	for	ADP
fsr-3722	305	2	example	example	NOUN
fsr-3722	305	3	,	,	PUNCT
fsr-3722	305	4	if	if	SCONJ
fsr-3722	305	5	an	an	DET
fsr-3722	305	6	individual	individual	NOUN
fsr-3722	305	7	’s	’s	PART
fsr-3722	305	8	median	median	ADJ
fsr-3722	305	9	income	income	NOUN
fsr-3722	305	10	and	and	CCONJ
fsr-3722	305	11	dispersion	dispersion	NOUN
fsr-3722	305	12	factor	factor	NOUN
fsr-3722	305	13	are	be	AUX
fsr-3722	305	14	$	$	SYM
fsr-3722	305	15	100,000	100,000	NUM
fsr-3722	305	16	and	and	CCONJ
fsr-3722	305	17	1.5	1.5	NUM
fsr-3722	305	18	respectively	respectively	ADV
fsr-3722	305	19	then	then	ADV
fsr-3722	305	20	the	the	DET
fsr-3722	305	21	probability	probability	NOUN
fsr-3722	305	22	of	of	ADP
fsr-3722	305	23	income	income	NOUN
fsr-3722	305	24	falling	fall	VERB
fsr-3722	305	25	between	between	ADP
fsr-3722	305	26	$	$	SYM
fsr-3722	305	27	66,667	66,667	NUM
fsr-3722	305	28	and	and	CCONJ
fsr-3722	305	29	$	$	SYM
fsr-3722	305	30	150,000	150,000	NUM
fsr-3722	305	31	is	be	AUX
fsr-3722	305	32	0.68	0.68	NUM
fsr-3722	305	33	.	.	PUNCT
fsr-3722	306	1	9	9	NUM
fsr-3722	306	2	.	.	PUNCT
fsr-3722	307	1	the	the	DET
fsr-3722	307	2	average	average	ADJ
fsr-3722	307	3	private	private	ADJ
fsr-3722	307	4	-	-	PUNCT
fsr-3722	307	5	activity	activity	NOUN
fsr-3722	307	6	and	and	CCONJ
fsr-3722	307	7	essential	essential	ADJ
fsr-3722	307	8	-	-	PUNCT
fsr-3722	307	9	purpose	purpose	NOUN
fsr-3722	307	10	bond	bond	NOUN
fsr-3722	307	11	yields	yield	NOUN
fsr-3722	307	12	on	on	ADP
fsr-3722	307	13	insured	insured	ADJ
fsr-3722	307	14	bonds	bond	NOUN
fsr-3722	307	15	offered	offer	VERB
fsr-3722	307	16	in	in	ADP
fsr-3722	307	17	the	the	DET
fsr-3722	307	18	blue	blue	ADJ
fsr-3722	307	19	list	list	NOUN
fsr-3722	307	20	september	september	PROPN
fsr-3722	307	21	1	1	NUM
fsr-3722	307	22	,	,	PUNCT
fsr-3722	307	23	1989	1989	NUM
fsr-3722	307	24	were	be	AUX
fsr-3722	307	25	6.93	6.93	NUM
fsr-3722	307	26	%	%	NOUN
fsr-3722	307	27	and	and	CCONJ
fsr-3722	307	28	6.73	6.73	NUM
fsr-3722	307	29	%	%	NOUN
fsr-3722	307	30	respectively	respectively	ADV
fsr-3722	307	31	.	.	PUNCT
fsr-3722	308	1	private	private	ADJ
fsr-3722	308	2	-	-	PUNCT
fsr-3722	308	3	activity	activity	NOUN
fsr-3722	308	4	bond	bond	NOUN
fsr-3722	308	5	yields	yield	NOUN
fsr-3722	308	6	have	have	AUX
fsr-3722	308	7	in	in	ADP
fsr-3722	308	8	the	the	DET
fsr-3722	308	9	past	past	NOUN
fsr-3722	308	10	been	be	AUX
fsr-3722	308	11	as	as	ADV
fsr-3722	308	12	much	much	ADJ
fsr-3722	308	13	as	as	ADP
fsr-3722	308	14	70	70	NUM
fsr-3722	308	15	basis	basis	NOUN
fsr-3722	308	16	points	point	NOUN
fsr-3722	308	17	higher	high	ADJ
fsr-3722	308	18	than	than	ADP
fsr-3722	308	19	comparable	comparable	ADJ
fsr-3722	308	20	essential	essential	ADJ
fsr-3722	308	21	-	-	PUNCT
fsr-3722	308	22	purpose	purpose	NOUN
fsr-3722	308	23	bonds	bond	NOUN
fsr-3722	308	24	(	(	PUNCT
fsr-3722	308	25	brown	brown	ADJ
fsr-3722	308	26	,	,	PUNCT
fsr-3722	308	27	1988	1988	NUM
fsr-3722	308	28	)	)	PUNCT
fsr-3722	308	29	.	.	PUNCT
fsr-3722	309	1	10	10	X
fsr-3722	309	2	.	.	X
fsr-3722	310	1	see	see	VERB
fsr-3722	310	2	note	note	NOUN
fsr-3722	310	3	9	9	NUM
fsr-3722	310	4	.	.	NOUN
fsr-3722	310	5	11	11	NUM
fsr-3722	310	6	.	.	PUNCT
fsr-3722	311	1	these	these	DET
fsr-3722	311	2	same	same	ADJ
fsr-3722	311	3	basic	basic	ADJ
fsr-3722	311	4	results	result	NOUN
fsr-3722	311	5	are	be	AUX
fsr-3722	311	6	found	find	VERB
fsr-3722	311	7	when	when	SCONJ
fsr-3722	311	8	p	p	NOUN
fsr-3722	311	9	is	be	AUX
fsr-3722	311	10	varied	varied	ADJ
fsr-3722	311	11	.	.	PUNCT
fsr-3722	312	1	references	reference	NOUN
fsr-3722	312	2	aalberts	aalbert	NOUN
fsr-3722	312	3	,	,	PUNCT
fsr-3722	312	4	r.	r.	PROPN
fsr-3722	312	5	j.	j.	PROPN
fsr-3722	312	6	,	,	PUNCT
fsr-3722	312	7	and	and	CCONJ
fsr-3722	312	8	j.	j.	PROPN
fsr-3722	312	9	c.	c.	PROPN
fsr-3722	312	10	utley	utley	PROPN
fsr-3722	312	11	.	.	PUNCT
fsr-3722	313	1	1988	1988	NUM
fsr-3722	313	2	.	.	PUNCT
fsr-3722	314	1	‘	'	PUNCT
fsr-3722	314	2	the	the	DET
fsr-3722	314	3	tax	tax	NOUN
fsr-3722	314	4	-	-	PUNCT
fsr-3722	314	5	free	free	ADJ
fsr-3722	314	6	municipal	municipal	ADJ
fsr-3722	314	7	bond	bond	NOUN
fsr-3722	314	8	:	:	PUNCT
fsr-3722	314	9	a	a	DET
fsr-3722	314	10	security	security	NOUN
fsr-3722	314	11	in	in	ADP
fsr-3722	314	12	decline	decline	NOUN
fsr-3722	314	13	,	,	PUNCT
fsr-3722	314	14	”	"	PUNCT
fsr-3722	314	15	journal	journal	NOUN
fsr-3722	314	16	of	of	ADP
fsr-3722	314	17	taxation	taxation	NOUN
fsr-3722	314	18	and	and	CCONJ
fsr-3722	314	19	investments	investment	NOUN
fsr-3722	314	20	,	,	PUNCT
fsr-3722	314	21	6	6	NUM
fsr-3722	314	22	:	:	SYM
fsr-3722	314	23	267	267	NUM
fsr-3722	314	24	-	-	SYM
fsr-3722	314	25	285	285	NUM
fsr-3722	314	26	.	.	PUNCT
fsr-3722	315	1	bettner	bettner	NOUN
fsr-3722	315	2	,	,	PUNCT
fsr-3722	315	3	j.	j.	PROPN
fsr-3722	315	4	1990	1990	NUM
fsr-3722	315	5	.	.	PUNCT
fsr-3722	316	1	“	"	PUNCT
fsr-3722	316	2	more	more	ADJ
fsr-3722	316	3	people	people	NOUN
fsr-3722	316	4	face	face	VERB
fsr-3722	316	5	the	the	DET
fsr-3722	316	6	minimum	minimum	ADJ
fsr-3722	316	7	-	-	PUNCT
fsr-3722	316	8	tax	tax	NOUN
fsr-3722	316	9	formula	formula	NOUN
fsr-3722	316	10	,	,	PUNCT
fsr-3722	316	11	”	"	PUNCT
fsr-3722	316	12	wall	wall	PROPN
fsr-3722	316	13	street	street	PROPN
fsr-3722	316	14	journal	journal	PROPN
fsr-3722	316	15	,	,	PUNCT
fsr-3722	316	16	october	october	PROPN
fsr-3722	316	17	29	29	NUM
fsr-3722	316	18	.	.	PUNCT
fsr-3722	317	1	bierwag	bierwag	PROPN
fsr-3722	317	2	,	,	PUNCT
fsr-3722	317	3	g.	g.	PROPN
fsr-3722	317	4	0	0	NUM
fsr-3722	317	5	.	.	PROPN
fsr-3722	317	6	1976	1976	NUM
fsr-3722	317	7	.	.	PUNCT
fsr-3722	318	1	“	"	PUNCT
fsr-3722	318	2	optimal	optimal	ADJ
fsr-3722	318	3	tic	tic	ADJ
fsr-3722	318	4	bids	bid	NOUN
fsr-3722	318	5	on	on	ADP
fsr-3722	318	6	serial	serial	ADJ
fsr-3722	318	7	bond	bond	NOUN
fsr-3722	318	8	issues	issue	NOUN
fsr-3722	318	9	,	,	PUNCT
fsr-3722	318	10	”	"	PUNCT
fsr-3722	318	11	management	management	NOUN
fsr-3722	318	12	science	science	NOUN
fsr-3722	318	13	,	,	PUNCT
fsr-3722	318	14	22	22	NUM
fsr-3722	318	15	:	:	SYM
fsr-3722	318	16	1175	1175	NUM
fsr-3722	318	17	1185	1185	NUM
fsr-3722	318	18	.	.	PUNCT
fsr-3722	319	1	braswell	braswell	PROPN
fsr-3722	319	2	,	,	PUNCT
fsr-3722	319	3	r.	r.	PROPN
fsr-3722	319	4	c.	c.	PROPN
fsr-3722	319	5	,	,	PUNCT
fsr-3722	319	6	and	and	CCONJ
fsr-3722	319	7	d.l	d.l	PROPN
fsr-3722	319	8	.	.	PROPN
fsr-3722	319	9	sumners	sumners	PROPN
fsr-3722	319	10	.	.	PUNCT
fsr-3722	319	11	1982	1982	NUM
fsr-3722	319	12	.	.	PUNCT
fsr-3722	320	1	“	"	PUNCT
fsr-3722	320	2	an	an	DET
fsr-3722	320	3	analysis	analysis	NOUN
fsr-3722	320	4	of	of	ADP
fsr-3722	320	5	the	the	DET
fsr-3722	320	6	tic	tic	ADJ
fsr-3722	320	7	criterion	criterion	NOUN
fsr-3722	320	8	for	for	ADP
fsr-3722	320	9	accepting	accept	VERB
fsr-3722	320	10	tax	tax	NOUN
fsr-3722	320	11	-	-	PUNCT
fsr-3722	320	12	exempt	exempt	ADJ
fsr-3722	320	13	bond	bond	NOUN
fsr-3722	320	14	bids	bid	NOUN
fsr-3722	320	15	under	under	ADP
fsr-3722	320	16	certainty	certainty	NOUN
fsr-3722	320	17	,	,	PUNCT
fsr-3722	320	18	”	"	PUNCT
fsr-3722	320	19	decision	decision	NOUN
fsr-3722	320	20	sciences	science	NOUN
fsr-3722	320	21	,	,	PUNCT
fsr-3722	320	22	13	13	NUM
fsr-3722	320	23	:	:	SYM
fsr-3722	320	24	88	88	NUM
fsr-3722	320	25	-	-	SYM
fsr-3722	320	26	100	100	NUM
fsr-3722	320	27	.	.	PUNCT
fsr-3722	321	1	brown	brown	PROPN
fsr-3722	321	2	,	,	PUNCT
fsr-3722	321	3	d.	d.	PROPN
fsr-3722	321	4	1988	1988	NUM
fsr-3722	321	5	.	.	PUNCT
fsr-3722	322	1	“	"	PUNCT
fsr-3722	322	2	impact	impact	NOUN
fsr-3722	322	3	of	of	ADP
fsr-3722	322	4	the	the	DET
fsr-3722	322	5	tax	tax	NOUN
fsr-3722	322	6	reform	reform	NOUN
fsr-3722	322	7	act	act	NOUN
fsr-3722	322	8	of	of	ADP
fsr-3722	322	9	1986	1986	NUM
fsr-3722	322	10	on	on	ADP
fsr-3722	322	11	municipal	municipal	ADJ
fsr-3722	322	12	bond	bond	NOUN
fsr-3722	322	13	yields	yield	NOUN
fsr-3722	322	14	,	,	PUNCT
fsr-3722	322	15	”	"	PUNCT
fsr-3722	322	16	municipal	municipal	ADJ
fsr-3722	322	17	finance	finance	NOUN
fsr-3722	322	18	journal	journal	NOUN
fsr-3722	322	19	,	,	PUNCT
fsr-3722	322	20	9	9	NUM
fsr-3722	322	21	:	:	SYM
fsr-3722	322	22	111	111	NUM
fsr-3722	322	23	-	-	SYM
fsr-3722	322	24	146	146	NUM
fsr-3722	322	25	.	.	PUNCT
fsr-3722	323	1	chamberlain	chamberlain	NOUN
fsr-3722	323	2	,	,	PUNCT
fsr-3722	323	3	t.	t.	PROPN
fsr-3722	323	4	w.	w.	PROPN
fsr-3722	323	5	,	,	PUNCT
fsr-3722	323	6	and	and	CCONJ
fsr-3722	323	7	c.	c.	PROPN
fsr-3722	323	8	s.	s.	PROPN
fsr-3722	323	9	cheung	cheung	PROPN
fsr-3722	323	10	.	.	PUNCT
fsr-3722	323	11	1990	1990	NUM
fsr-3722	323	12	.	.	PUNCT
fsr-3722	324	1	“	"	PUNCT
fsr-3722	324	2	optimal	optimal	ADJ
fsr-3722	324	3	portfolio	portfolio	NOUN
fsr-3722	324	4	selection	selection	NOUN
fsr-3722	324	5	using	use	VERB
fsr-3722	324	6	the	the	DET
fsr-3722	324	7	general	general	ADJ
fsr-3722	324	8	multi	multi	ADJ
fsr-3722	324	9	-	-	ADJ
fsr-3722	324	10	index	index	ADJ
fsr-3722	324	11	model	model	NOUN
fsr-3722	324	12	:	:	PUNCT
fsr-3722	324	13	a	a	DET
fsr-3722	324	14	stable	stable	ADJ
fsr-3722	324	15	paretian	paretian	NOUN
fsr-3722	324	16	framework	framework	NOUN
fsr-3722	324	17	,	,	PUNCT
fsr-3722	324	18	”	"	PUNCT
fsr-3722	324	19	decision	decision	NOUN
fsr-3722	324	20	sciences	science	NOUN
fsr-3722	324	21	,	,	PUNCT
fsr-3722	324	22	21	21	NUM
fsr-3722	324	23	:	:	PUNCT
fsr-3722	324	24	563	563	NUM
fsr-3722	324	25	-	-	SYM
fsr-3722	324	26	571	571	NUM
fsr-3722	324	27	.	.	PUNCT
fsr-3722	325	1	cohen	cohen	PROPN
fsr-3722	325	2	,	,	PUNCT
fsr-3722	325	3	k.	k.	PROPN
fsr-3722	325	4	j.	j.	PROPN
fsr-3722	325	5	,	,	PUNCT
fsr-3722	325	6	and	and	CCONJ
fsr-3722	325	7	f.	f.	PROPN
fsr-3722	325	8	s.	s.	PROPN
fsr-3722	325	9	hammer	hammer	PROPN
fsr-3722	325	10	.	.	PUNCT
fsr-3722	325	11	1966	1966	NUM
fsr-3722	325	12	.	.	PUNCT
fsr-3722	326	1	“	"	PUNCT
fsr-3722	326	2	optimal	optimal	ADJ
fsr-3722	326	3	coupon	coupon	NOUN
fsr-3722	326	4	schedules	schedule	NOUN
fsr-3722	326	5	for	for	ADP
fsr-3722	326	6	municipal	municipal	ADJ
fsr-3722	326	7	bonds	bond	NOUN
fsr-3722	326	8	.	.	PUNCT
fsr-3722	326	9	”	"	PUNCT
fsr-3722	326	10	manage	manage	VERB
fsr-3722	326	11	ment	ment	ADJ
fsr-3722	326	12	science	science	NOUN
fsr-3722	326	13	,	,	PUNCT
fsr-3722	326	14	3	3	NUM
fsr-3722	326	15	:	:	SYM
fsr-3722	326	16	161	161	NUM
fsr-3722	326	17	-	-	SYM
fsr-3722	326	18	166	166	NUM
fsr-3722	326	19	.	.	PUNCT
fsr-3722	327	1	day	day	NOUN
fsr-3722	327	2	,	,	PUNCT
fsr-3722	327	3	c.	c.	PROPN
fsr-3722	327	4	1991	1991	NUM
fsr-3722	327	5	.	.	PUNCT
fsr-3722	328	1	“	"	PUNCT
fsr-3722	328	2	individual	individual	ADJ
fsr-3722	328	3	income	income	NOUN
fsr-3722	328	4	tax	tax	NOUN
fsr-3722	328	5	rates	rate	NOUN
fsr-3722	328	6	,	,	PUNCT
fsr-3722	328	7	1987	1987	NUM
fsr-3722	328	8	.	.	PUNCT
fsr-3722	328	9	”	"	PUNCT
fsr-3722	329	1	statistics	statistic	NOUN
fsr-3722	329	2	of	of	ADP
fsr-3722	329	3	income	income	NOUN
fsr-3722	329	4	,	,	PUNCT
fsr-3722	329	5	11	11	NUM
fsr-3722	329	6	:	:	SYM
fsr-3722	329	7	13	13	NUM
fsr-3722	329	8	-	-	SYM
fsr-3722	329	9	25	25	NUM
fsr-3722	329	10	.	.	PUNCT
fsr-3722	330	1	fischer	fischer	PROPN
fsr-3722	330	2	,	,	PUNCT
fsr-3722	330	3	p.	p.	PROPN
fsr-3722	330	4	j.	j.	PROPN
fsr-3722	330	5	1980	1980	NUM
fsr-3722	330	6	.	.	PUNCT
fsr-3722	331	1	“	"	PUNCT
fsr-3722	331	2	on	on	ADP
fsr-3722	331	3	the	the	DET
fsr-3722	331	4	extent	extent	NOUN
fsr-3722	331	5	of	of	ADP
fsr-3722	331	6	segmentation	segmentation	NOUN
fsr-3722	331	7	in	in	ADP
fsr-3722	331	8	the	the	DET
fsr-3722	331	9	municipal	municipal	ADJ
fsr-3722	331	10	securities	security	NOUN
fsr-3722	331	11	market	market	NOUN
fsr-3722	331	12	,	,	PUNCT
fsr-3722	331	13	”	"	PUNCT
fsr-3722	331	14	journal	journal	NOUN
fsr-3722	331	15	of	of	ADP
fsr-3722	331	16	money	money	NOUN
fsr-3722	331	17	credit	credit	NOUN
fsr-3722	331	18	and	and	CCONJ
fsr-3722	331	19	banking	banking	NOUN
fsr-3722	331	20	,	,	PUNCT
fsr-3722	331	21	12	12	NUM
fsr-3722	331	22	:	:	SYM
fsr-3722	331	23	7	7	NUM
fsr-3722	331	24	l-83	l-83	PROPN
fsr-3722	331	25	.	.	PUNCT
fsr-3722	332	1	gehrlein	gehrlein	PROPN
fsr-3722	332	2	,	,	PUNCT
fsr-3722	332	3	w.	w.	PROPN
fsr-3722	332	4	v.	v.	PROPN
fsr-3722	332	5	,	,	PUNCT
fsr-3722	332	6	and	and	CCONJ
fsr-3722	332	7	t.	t.	PROPN
fsr-3722	332	8	h.	h.	PROPN
fsr-3722	332	9	mcinish	mcinish	PROPN
fsr-3722	332	10	.	.	PUNCT
fsr-3722	333	1	1985	1985	NUM
fsr-3722	333	2	.	.	PUNCT
fsr-3722	334	1	“	"	PUNCT
fsr-3722	334	2	cyclical	cyclical	ADJ
fsr-3722	334	3	variability	variability	NOUN
fsr-3722	334	4	of	of	ADP
fsr-3722	334	5	bond	bond	NOUN
fsr-3722	334	6	risk	risk	NOUN
fsr-3722	334	7	premia	premia	NOUN
fsr-3722	334	8	,	,	PUNCT
fsr-3722	334	9	”	"	PUNCT
fsr-3722	334	10	journal	journal	NOUN
fsr-3722	334	11	of	of	ADP
fsr-3722	334	12	banking	banking	NOUN
fsr-3722	334	13	and	and	CCONJ
fsr-3722	334	14	finance	finance	NOUN
fsr-3722	334	15	,	,	PUNCT
fsr-3722	334	16	9	9	NUM
fsr-3722	334	17	:	:	SYM
fsr-3722	334	18	157	157	NUM
fsr-3722	334	19	-	-	SYM
fsr-3722	334	20	165	165	NUM
fsr-3722	334	21	.	.	PUNCT
fsr-3722	335	1	individual	individual	ADJ
fsr-3722	335	2	tax	tax	NOUN
fsr-3722	335	3	-	-	PUNCT
fsr-3722	335	4	exempt	exempt	ADJ
fsr-3722	335	5	bond	bond	NOUN
fsr-3722	335	6	portfolio	portfolio	NOUN
fsr-3722	335	7	73	73	NUM
fsr-3722	335	8	hoffman	hoffman	NOUN
fsr-3722	335	9	,	,	PUNCT
fsr-3722	335	10	w.	w.	PROPN
fsr-3722	335	11	h.	h.	PROPN
fsr-3722	335	12	,	,	PUNCT
fsr-3722	335	13	j.	j.	PROPN
fsr-3722	335	14	e.	e.	PROPN
fsr-3722	335	15	smith	smith	PROPN
fsr-3722	335	16	,	,	PUNCT
fsr-3722	335	17	e.	e.	PROPN
fsr-3722	335	18	w.	w.	PROPN
fsr-3722	335	19	willis	willis	PROPN
fsr-3722	335	20	,	,	PUNCT
fsr-3722	335	21	and	and	CCONJ
fsr-3722	335	22	w.	w.	PROPN
fsr-3722	335	23	a.	a.	PROPN
fsr-3722	335	24	raabe	raabe	PROPN
fsr-3722	335	25	.	.	PROPN
fsr-3722	335	26	1991	1991	NUM
fsr-3722	335	27	.	.	PUNCT
fsr-3722	336	1	ina’ividual	ina’ividual	ADJ
fsr-3722	336	2	income	income	NOUN
fsr-3722	336	3	taxes	taxis	NOUN
fsr-3722	336	4	,	,	PUNCT
fsr-3722	336	5	1992	1992	NUM
fsr-3722	336	6	edition	edition	NOUN
fsr-3722	336	7	,	,	PUNCT
fsr-3722	336	8	st	st	PROPN
fsr-3722	336	9	.	.	PROPN
fsr-3722	336	10	paul	paul	PROPN
fsr-3722	336	11	:	:	PUNCT
fsr-3722	336	12	west	west	PROPN
fsr-3722	336	13	publishing	publish	VERB
fsr-3722	336	14	company	company	NOUN
fsr-3722	336	15	.	.	PUNCT
fsr-3722	337	1	hsueh	hsueh	PROPN
fsr-3722	337	2	,	,	PUNCT
fsr-3722	337	3	l.	l.	PROPN
fsr-3722	337	4	p.	p.	PROPN
fsr-3722	337	5	,	,	PUNCT
fsr-3722	337	6	and	and	CCONJ
fsr-3722	337	7	y.	y.	PROPN
fsr-3722	337	8	a.	a.	PROPN
fsr-3722	337	9	liu	liu	PROPN
fsr-3722	337	10	.	.	PROPN
fsr-3722	337	11	1990	1990	NUM
fsr-3722	337	12	.	.	PUNCT
fsr-3722	338	1	“	"	PUNCT
fsr-3722	338	2	the	the	DET
fsr-3722	338	3	effectiveness	effectiveness	NOUN
fsr-3722	338	4	of	of	ADP
fsr-3722	338	5	debt	debt	NOUN
fsr-3722	338	6	insurance	insurance	NOUN
fsr-3722	338	7	as	as	ADP
fsr-3722	338	8	a	a	DET
fsr-3722	338	9	valid	valid	ADJ
fsr-3722	338	10	signal	signal	NOUN
fsr-3722	338	11	of	of	ADP
fsr-3722	338	12	bond	bond	NOUN
fsr-3722	338	13	quality	quality	NOUN
fsr-3722	338	14	,	,	PUNCT
fsr-3722	338	15	”	"	PUNCT
fsr-3722	338	16	journal	journal	NOUN
fsr-3722	338	17	of	of	ADP
fsr-3722	338	18	risk	risk	NOUN
fsr-3722	338	19	and	and	CCONJ
fsr-3722	338	20	insurance	insurance	NOUN
fsr-3722	338	21	,	,	PUNCT
fsr-3722	338	22	57	57	NUM
fsr-3722	338	23	:	:	SYM
fsr-3722	338	24	691	691	NUM
fsr-3722	338	25	-	-	SYM
fsr-3722	338	26	700	700	NUM
fsr-3722	338	27	.	.	PUNCT
fsr-3722	339	1	kidwell	kidwell	NOUN
fsr-3722	339	2	,	,	PUNCT
fsr-3722	339	3	d.	d.	PROPN
fsr-3722	339	4	s.	s.	PROPN
fsr-3722	339	5	,	,	PUNCT
fsr-3722	339	6	andt	andt	PROPN
fsr-3722	339	7	.	.	PUNCT
fsr-3722	340	1	w.	w.	PROPN
fsr-3722	340	2	koch	koch	PROPN
fsr-3722	340	3	.	.	PUNCT
fsr-3722	340	4	1983	1983	NUM
fsr-3722	340	5	.	.	PUNCT
fsr-3722	341	1	“	"	PUNCT
fsr-3722	341	2	market	market	NOUN
fsr-3722	341	3	segmentation	segmentation	NOUN
fsr-3722	341	4	and	and	CCONJ
fsr-3722	341	5	theterm	theterm	NOUN
fsr-3722	341	6	structureof	structureof	ADJ
fsr-3722	341	7	interest	interest	NOUN
fsr-3722	341	8	rates	rate	NOUN
fsr-3722	341	9	,	,	PUNCT
fsr-3722	341	10	”	"	PUNCT
fsr-3722	341	11	journal	journal	NOUN
fsr-3722	341	12	of	of	ADP
fsr-3722	341	13	money	money	NOUN
fsr-3722	341	14	credit	credit	NOUN
fsr-3722	341	15	and	and	CCONJ
fsr-3722	341	16	banking	banking	NOUN
fsr-3722	341	17	,	,	PUNCT
fsr-3722	341	18	15	15	NUM
fsr-3722	341	19	:	:	SYM
fsr-3722	341	20	40	40	NUM
fsr-3722	341	21	-	-	SYM
fsr-3722	341	22	55	55	NUM
fsr-3722	341	23	.	.	PUNCT
fsr-3722	342	1	kidwell	kidwell	NOUN
fsr-3722	342	2	,	,	PUNCT
fsr-3722	342	3	d.	d.	PROPN
fsr-3722	342	4	s.	s.	PROPN
fsr-3722	342	5	,	,	PUNCT
fsr-3722	342	6	e.	e.	PROPN
fsr-3722	342	7	h.	h.	PROPN
fsr-3722	342	8	sorensen	sorensen	PROPN
fsr-3722	342	9	,	,	PUNCT
fsr-3722	342	10	and	and	CCONJ
fsr-3722	342	11	j.	j.	PROPN
fsr-3722	342	12	m.	m.	PROPN
fsr-3722	342	13	wachowicz	wachowicz	PROPN
fsr-3722	342	14	.	.	PUNCT
fsr-3722	343	1	1987	1987	NUM
fsr-3722	343	2	.	.	PUNCT
fsr-3722	344	1	“	"	PUNCT
fsr-3722	344	2	estimating	estimate	VERB
fsr-3722	344	3	the	the	DET
fsr-3722	344	4	benefits	benefit	NOUN
fsr-3722	344	5	of	of	ADP
fsr-3722	344	6	debt	debt	NOUN
fsr-3722	344	7	insurance	insurance	NOUN
fsr-3722	344	8	:	:	PUNCT
fsr-3722	344	9	the	the	DET
fsr-3722	344	10	case	case	NOUN
fsr-3722	344	11	of	of	ADP
fsr-3722	344	12	municipal	municipal	ADJ
fsr-3722	344	13	bonds	bond	NOUN
fsr-3722	344	14	,	,	PUNCT
fsr-3722	344	15	”	"	PUNCT
fsr-3722	344	16	journal	journal	NOUN
fsr-3722	344	17	of	of	ADP
fsr-3722	344	18	financial	financial	ADJ
fsr-3722	344	19	and	and	CCONJ
fsr-3722	344	20	quantitative	quantitative	ADJ
fsr-3722	344	21	analysis	analysis	NOUN
fsr-3722	344	22	,	,	PUNCT
fsr-3722	344	23	22	22	NUM
fsr-3722	344	24	:	:	PUNCT
fsr-3722	344	25	299	299	NUM
fsr-3722	344	26	-	-	SYM
fsr-3722	344	27	3	3	NUM
fsr-3722	344	28	13	13	NUM
fsr-3722	344	29	.	.	PUNCT
fsr-3722	345	1	kochin	kochin	PROPN
fsr-3722	345	2	,	,	PUNCT
fsr-3722	345	3	l.	l.	PROPN
fsr-3722	345	4	a.	a.	PROPN
fsr-3722	345	5	,	,	PUNCT
fsr-3722	345	6	and	and	CCONJ
fsr-3722	345	7	r.	r.	PROPN
fsr-3722	345	8	w.	w.	PROPN
fsr-3722	345	9	parks	parks	PROPN
fsr-3722	345	10	.	.	PUNCT
fsr-3722	346	1	1988	1988	NUM
fsr-3722	346	2	.	.	PUNCT
fsr-3722	347	1	“	"	PUNCT
fsr-3722	347	2	was	be	AUX
fsr-3722	347	3	the	the	DET
fsr-3722	347	4	tax	tax	NOUN
fsr-3722	347	5	-	-	PUNCT
fsr-3722	347	6	exempt	exempt	ADJ
fsr-3722	347	7	bond	bond	NOUN
fsr-3722	347	8	market	market	NOUN
fsr-3722	347	9	inefficient	inefficient	ADJ
fsr-3722	347	10	or	or	CCONJ
fsr-3722	347	11	were	be	AUX
fsr-3722	347	12	future	future	ADJ
fsr-3722	347	13	expected	expect	VERB
fsr-3722	347	14	tax	tax	NOUN
fsr-3722	347	15	rates	rate	NOUN
fsr-3722	347	16	negative	negative	ADJ
fsr-3722	347	17	?	?	PUNCT
fsr-3722	347	18	’	'	PUNCT
fsr-3722	347	19	journal	journal	NOUN
fsr-3722	347	20	of	of	ADP
fsr-3722	347	21	finance	finance	NOUN
fsr-3722	347	22	,	,	PUNCT
fsr-3722	347	23	43	43	NUM
fsr-3722	347	24	:	:	PUNCT
fsr-3722	347	25	913	913	NUM
fsr-3722	347	26	-	-	SYM
fsr-3722	347	27	931	931	NUM
fsr-3722	347	28	.	.	PUNCT
fsr-3722	348	1	kwan	kwan	PROPN
fsr-3722	348	2	,	,	PUNCT
fsr-3722	348	3	c.	c.	PROPN
fsr-3722	348	4	c.	c.	PROPN
fsr-3722	348	5	y.	y.	PROPN
fsr-3722	348	6	,	,	PUNCT
fsr-3722	348	7	and	and	CCONJ
fsr-3722	348	8	p.	p.	PROPN
fsr-3722	348	9	c.	c.	PROPN
fsr-3722	348	10	yip	yip	PROPN
fsr-3722	348	11	.	.	PUNCT
fsr-3722	348	12	1987	1987	NUM
fsr-3722	348	13	.	.	PUNCT
fsr-3722	349	1	“	"	PUNCT
fsr-3722	349	2	optimal	optimal	ADJ
fsr-3722	349	3	portfolio	portfolio	NOUN
fsr-3722	349	4	selection	selection	NOUN
fsr-3722	349	5	with	with	ADP
fsr-3722	349	6	upper	upper	ADJ
fsr-3722	349	7	bounds	bound	NOUN
fsr-3722	349	8	for	for	ADP
fsr-3722	349	9	individual	individual	ADJ
fsr-3722	349	10	securities	security	NOUN
fsr-3722	349	11	,	,	PUNCT
fsr-3722	349	12	”	"	PUNCT
fsr-3722	349	13	decision	decision	NOUN
fsr-3722	349	14	sciences	science	NOUN
fsr-3722	349	15	,	,	PUNCT
fsr-3722	349	16	18	18	NUM
fsr-3722	349	17	:	:	SYM
fsr-3722	349	18	505	505	NUM
fsr-3722	349	19	-	-	SYM
fsr-3722	349	20	523	523	NUM
fsr-3722	349	21	.	.	PUNCT
fsr-3722	350	1	kwan	kwan	PROPN
fsr-3722	350	2	,	,	PUNCT
fsr-3722	350	3	c.	c.	PROPN
fsr-3722	350	4	c.	c.	PROPN
fsr-3722	350	5	y.	y.	PROPN
fsr-3722	350	6	1988	1988	NUM
fsr-3722	350	7	.	.	PUNCT
fsr-3722	351	1	“	"	PUNCT
fsr-3722	351	2	optimal	optimal	ADJ
fsr-3722	351	3	portfolio	portfolio	NOUN
fsr-3722	351	4	selection	selection	NOUN
fsr-3722	351	5	and	and	CCONJ
fsr-3722	351	6	cutoff	cutoff	NOUN
fsr-3722	351	7	rates	rate	NOUN
fsr-3722	351	8	of	of	ADP
fsr-3722	351	9	security	security	NOUN
fsr-3722	351	10	performance	performance	NOUN
fsr-3722	351	11	:	:	PUNCT
fsr-3722	351	12	a	a	DET
fsr-3722	351	13	multi	multi	ADJ
fsr-3722	351	14	-	-	ADJ
fsr-3722	351	15	index	index	NOUN
fsr-3722	351	16	case	case	NOUN
fsr-3722	351	17	,	,	PUNCT
fsr-3722	351	18	”	"	PUNCT
fsr-3722	351	19	decision	decision	NOUN
fsr-3722	351	20	sciences	science	NOUN
fsr-3722	351	21	,	,	PUNCT
fsr-3722	351	22	19	19	NUM
fsr-3722	351	23	:	:	PUNCT
fsr-3722	351	24	682	682	NUM
fsr-3722	351	25	-	-	SYM
fsr-3722	351	26	699	699	NUM
fsr-3722	351	27	.	.	PUNCT
fsr-3722	352	1	mcinish	mcinish	ADJ
fsr-3722	352	2	,	,	PUNCT
fsr-3722	352	3	t.	t.	PROPN
fsr-3722	352	4	h.	h.	PROPN
fsr-3722	352	5	1980	1980	NUM
fsr-3722	352	6	.	.	PUNCT
fsr-3722	353	1	‘	'	PUNCT
fsr-3722	353	2	the	the	DET
fsr-3722	353	3	determinants	determinant	NOUN
fsr-3722	353	4	of	of	ADP
fsr-3722	353	5	municipal	municipal	ADJ
fsr-3722	353	6	bond	bond	NOUN
fsr-3722	353	7	risk	risk	NOUN
fsr-3722	353	8	premiums	premium	NOUN
fsr-3722	353	9	by	by	ADP
fsr-3722	353	10	maturity	maturity	NOUN
fsr-3722	353	11	,	,	PUNCT
fsr-3722	353	12	”	"	PUNCT
fsr-3722	353	13	journal	journal	NOUN
fsr-3722	353	14	of	of	ADP
fsr-3722	353	15	financial	financial	ADJ
fsr-3722	353	16	research	research	NOUN
fsr-3722	353	17	,	,	PUNCT
fsr-3722	353	18	3	3	NUM
fsr-3722	353	19	:	:	SYM
fsr-3722	353	20	129	129	NUM
fsr-3722	353	21	-	-	SYM
fsr-3722	353	22	138	138	NUM
fsr-3722	353	23	.	.	PUNCT
fsr-3722	354	1	nauss	nauss	PROPN
fsr-3722	354	2	,	,	PUNCT
fsr-3722	354	3	r.	r.	PROPN
fsr-3722	354	4	m.	m.	PROPN
fsr-3722	354	5	1987	1987	NUM
fsr-3722	354	6	.	.	PUNCT
fsr-3722	355	1	“	"	PUNCT
fsr-3722	355	2	true	true	ADJ
fsr-3722	355	3	interest	interest	NOUN
fsr-3722	355	4	cost	cost	NOUN
fsr-3722	355	5	in	in	ADP
fsr-3722	355	6	municipal	municipal	ADJ
fsr-3722	355	7	bond	bond	NOUN
fsr-3722	355	8	bidding	bidding	NOUN
fsr-3722	355	9	:	:	PUNCT
fsr-3722	355	10	an	an	DET
fsr-3722	355	11	integer	integer	NOUN
fsr-3722	355	12	programming	programming	NOUN
fsr-3722	355	13	approach	approach	NOUN
fsr-3722	355	14	,	,	PUNCT
fsr-3722	355	15	”	"	PUNCT
fsr-3722	355	16	management	management	NOUN
fsr-3722	355	17	science	science	NOUN
fsr-3722	355	18	,	,	PUNCT
fsr-3722	355	19	32	32	NUM
fsr-3722	355	20	:	:	SYM
fsr-3722	355	21	870	870	NUM
fsr-3722	355	22	-	-	SYM
fsr-3722	355	23	877	877	NUM
fsr-3722	355	24	.	.	PUNCT
fsr-3722	356	1	petersen	petersen	PROPN
fsr-3722	356	2	,	,	PUNCT
fsr-3722	356	3	j.	j.	PROPN
fsr-3722	356	4	e.	e.	PROPN
fsr-3722	356	5	1987	1987	PROPN
fsr-3722	356	6	.	.	PUNCT
fsr-3722	357	1	“	"	PUNCT
fsr-3722	357	2	examining	examine	VERB
fsr-3722	357	3	the	the	DET
fsr-3722	357	4	impacts	impact	NOUN
fsr-3722	357	5	of	of	ADP
fsr-3722	357	6	the	the	DET
fsr-3722	357	7	1986	1986	NUM
fsr-3722	357	8	tax	tax	NOUN
fsr-3722	357	9	reform	reform	NOUN
fsr-3722	357	10	act	act	NOUN
fsr-3722	357	11	on	on	ADP
fsr-3722	357	12	the	the	DET
fsr-3722	357	13	municipal	municipal	ADJ
fsr-3722	357	14	securities	security	NOUN
fsr-3722	357	15	market	market	NOUN
fsr-3722	357	16	”	"	PUNCT
fsr-3722	357	17	national	national	ADJ
fsr-3722	357	18	tax	tax	NOUN
fsr-3722	357	19	journal	journal	NOUN
fsr-3722	357	20	,	,	PUNCT
fsr-3722	357	21	40	40	NUM
fsr-3722	357	22	:	:	PUNCT
fsr-3722	357	23	393	393	NUM
fsr-3722	357	24	-	-	SYM
fsr-3722	357	25	402	402	NUM
fsr-3722	357	26	.	.	PUNCT
fsr-3722	358	1	petersen	petersen	PROPN
fsr-3722	358	2	,	,	PUNCT
fsr-3722	358	3	j.	j.	PROPN
fsr-3722	358	4	e.	e.	PROPN
fsr-3722	358	5	1988	1988	NUM
fsr-3722	358	6	.	.	PUNCT
fsr-3722	359	1	‘	'	PUNCT
fsr-3722	359	2	the	the	DET
fsr-3722	359	3	municipal	municipal	ADJ
fsr-3722	359	4	bond	bond	NOUN
fsr-3722	359	5	market	market	NOUN
fsr-3722	359	6	in	in	ADP
fsr-3722	359	7	a	a	DET
fsr-3722	359	8	changing	change	VERB
fsr-3722	359	9	economy	economy	NOUN
fsr-3722	359	10	,	,	PUNCT
fsr-3722	359	11	”	"	PUNCT
fsr-3722	359	12	public	public	ADJ
fsr-3722	359	13	budgeting	budgeting	NOUN
fsr-3722	359	14	and	and	CCONJ
fsr-3722	359	15	finance	finance	NOUN
fsr-3722	359	16	,	,	PUNCT
fsr-3722	359	17	8	8	NUM
fsr-3722	359	18	:	:	SYM
fsr-3722	359	19	22	22	NUM
fsr-3722	359	20	-	-	SYM
fsr-3722	359	21	34	34	NUM
fsr-3722	359	22	.	.	PUNCT
fsr-3722	360	1	piros	piros	PROPN
fsr-3722	360	2	,	,	PUNCT
fsr-3722	360	3	c.d	c.d	PROPN
fsr-3722	360	4	.	.	PROPN
fsr-3722	360	5	1987	1987	NUM
fsr-3722	360	6	.	.	PUNCT
fsr-3722	361	1	“	"	PUNCT
fsr-3722	361	2	taxable	taxable	ADJ
fsr-3722	361	3	vs.	vs.	ADP
fsr-3722	361	4	tax	tax	NOUN
fsr-3722	361	5	-	-	PUNCT
fsr-3722	361	6	exempt	exempt	ADJ
fsr-3722	361	7	bonds	bond	NOUN
fsr-3722	361	8	:	:	PUNCT
fsr-3722	361	9	a	a	DET
fsr-3722	361	10	note	note	NOUN
fsr-3722	361	11	on	on	ADP
fsr-3722	361	12	the	the	DET
fsr-3722	361	13	effect	effect	NOUN
fsr-3722	361	14	of	of	ADP
fsr-3722	361	15	uncertain	uncertain	ADJ
fsr-3722	361	16	taxable	taxable	ADJ
fsr-3722	361	17	income	income	NOUN
fsr-3722	361	18	,	,	PUNCT
fsr-3722	361	19	”	"	PUNCT
fsr-3722	361	20	journal	journal	NOUN
fsr-3722	361	21	of	of	ADP
fsr-3722	361	22	finance	finance	NOUN
fsr-3722	361	23	,	,	PUNCT
fsr-3722	361	24	42	42	NUM
fsr-3722	361	25	:	:	PUNCT
fsr-3722	361	26	447	447	NUM
fsr-3722	361	27	-	-	SYM
fsr-3722	361	28	45	45	NUM
fsr-3722	361	29	1	1	NUM
fsr-3722	361	30	.	.	PUNCT
fsr-3722	361	31	porterba	porterba	PROPN
fsr-3722	361	32	,	,	PUNCT
fsr-3722	361	33	j.	j.	PROPN
fsr-3722	361	34	m.	m.	PROPN
fsr-3722	361	35	1989	1989	NUM
fsr-3722	361	36	.	.	PUNCT
fsr-3722	362	1	“	"	PUNCT
fsr-3722	362	2	tax	tax	NOUN
fsr-3722	362	3	reform	reform	NOUN
fsr-3722	362	4	and	and	CCONJ
fsr-3722	362	5	the	the	DET
fsr-3722	362	6	market	market	NOUN
fsr-3722	362	7	for	for	ADP
fsr-3722	362	8	tax	tax	NOUN
fsr-3722	362	9	-	-	PUNCT
fsr-3722	362	10	exempt	exempt	ADJ
fsr-3722	362	11	debt	debt	NOUN
fsr-3722	362	12	.	.	PUNCT
fsr-3722	362	13	”	"	PUNCT
fsr-3722	363	1	regional	regional	ADJ
fsr-3722	363	2	science	science	NOUN
fsr-3722	363	3	and	and	CCONJ
fsr-3722	363	4	urban	urban	ADJ
fsr-3722	363	5	economics	economic	NOUN
fsr-3722	363	6	,	,	PUNCT
fsr-3722	363	7	19	19	NUM
fsr-3722	363	8	:	:	SYM
fsr-3722	363	9	537	537	NUM
fsr-3722	363	10	-	-	SYM
fsr-3722	363	11	562	562	NUM
fsr-3722	363	12	.	.	PUNCT
fsr-3722	364	1	puelz	puelz	VERB
fsr-3722	364	2	,	,	PUNCT
fsr-3722	364	3	a.	a.	NOUN
fsr-3722	364	4	v.	v.	PROPN
fsr-3722	364	5	,	,	PUNCT
fsr-3722	364	6	and	and	CCONJ
fsr-3722	364	7	r.	r.	PROPN
fsr-3722	364	8	puelz	puelz	PROPN
fsr-3722	364	9	.	.	PUNCT
fsr-3722	364	10	1991	1991	NUM
fsr-3722	364	11	.	.	PUNCT
fsr-3722	365	1	‘	'	PUNCT
fsr-3722	365	2	the	the	DET
fsr-3722	365	3	effect	effect	NOUN
fsr-3722	365	4	of	of	ADP
fsr-3722	365	5	alternative	alternative	ADJ
fsr-3722	365	6	minimum	minimum	ADJ
fsr-3722	365	7	tax	tax	NOUN
fsr-3722	365	8	bonds	bond	NOUN
fsr-3722	365	9	on	on	ADP
fsr-3722	365	10	optimal	optimal	ADJ
fsr-3722	365	11	bond	bond	NOUN
fsr-3722	365	12	portfolio	portfolio	NOUN
fsr-3722	365	13	choice	choice	NOUN
fsr-3722	365	14	,	,	PUNCT
fsr-3722	365	15	”	"	PUNCT
fsr-3722	365	16	proceedings	proceeding	NOUN
fsr-3722	365	17	of	of	ADP
fsr-3722	365	18	the	the	DET
fsr-3722	365	19	1991	1991	NUM
fsr-3722	365	20	annual	annual	ADJ
fsr-3722	365	21	meeting	meeting	NOUN
fsr-3722	365	22	of	of	ADP
fsr-3722	365	23	the	the	DET
fsr-3722	365	24	decision	decision	NOUN
fsr-3722	365	25	sciences	sciences	PROPN
fsr-3722	365	26	institute	institute	PROPN
fsr-3722	365	27	,	,	PUNCT
fsr-3722	365	28	1	1	NUM
fsr-3722	365	29	:	:	SYM
fsr-3722	365	30	138	138	NUM
fsr-3722	365	31	-	-	SYM
fsr-3722	365	32	140	140	NUM
fsr-3722	365	33	.	.	PUNCT
fsr-3722	366	1	puelz	puelz	VERB
fsr-3722	366	2	,	,	PUNCT
fsr-3722	366	3	a.	a.	NOUN
fsr-3722	366	4	v.	v.	ADP
fsr-3722	366	5	1991	1991	NUM
fsr-3722	366	6	.	.	PUNCT
fsr-3722	367	1	“	"	PUNCT
fsr-3722	367	2	call	call	VERB
fsr-3722	367	3	provisions	provision	NOUN
fsr-3722	367	4	and	and	CCONJ
fsr-3722	367	5	the	the	DET
fsr-3722	367	6	cost	cost	NOUN
fsr-3722	367	7	effectiveness	effectiveness	NOUN
fsr-3722	367	8	of	of	ADP
fsr-3722	367	9	debt	debt	NOUN
fsr-3722	367	10	insurance	insurance	NOUN
fsr-3722	367	11	,	,	PUNCT
fsr-3722	367	12	”	"	PUNCT
fsr-3722	367	13	municipal	municipal	ADJ
fsr-3722	367	14	finance	finance	NOUN
fsr-3722	367	15	journal	journal	NOUN
fsr-3722	367	16	,	,	PUNCT
fsr-3722	367	17	12	12	NUM
fsr-3722	367	18	:	:	SYM
fsr-3722	367	19	23	23	NUM
fsr-3722	367	20	-	-	SYM
fsr-3722	367	21	34	34	NUM
fsr-3722	367	22	.	.	PUNCT
fsr-3722	368	1	puelz	puelz	VERB
fsr-3722	368	2	,	,	PUNCT
fsr-3722	368	3	a.	a.	NOUN
fsr-3722	368	4	v.	v.	PROPN
fsr-3722	368	5	,	,	PUNCT
fsr-3722	368	6	and	and	CCONJ
fsr-3722	368	7	s.	s.	PROPN
fsr-3722	368	8	m.	m.	PROPN
fsr-3722	368	9	lee	lee	PROPN
fsr-3722	368	10	.	.	PROPN
fsr-3722	368	11	1992	1992	NUM
fsr-3722	368	12	.	.	PUNCT
fsr-3722	369	1	“	"	PUNCT
fsr-3722	369	2	a	a	DET
fsr-3722	369	3	multiple	multiple	ADJ
fsr-3722	369	4	-	-	PUNCT
fsr-3722	369	5	objective	objective	ADJ
fsr-3722	369	6	programming	programming	NOUN
fsr-3722	369	7	model	model	NOUN
fsr-3722	369	8	for	for	ADP
fsr-3722	369	9	structuring	structure	VERB
fsr-3722	369	10	tax	tax	NOUN
fsr-3722	369	11	-	-	PUNCT
fsr-3722	369	12	exempt	exempt	ADJ
fsr-3722	369	13	serial	serial	ADJ
fsr-3722	369	14	revenue	revenue	NOUN
fsr-3722	369	15	bonds	bond	NOUN
fsr-3722	369	16	,	,	PUNCT
fsr-3722	369	17	”	"	PUNCT
fsr-3722	369	18	management	management	NOUN
fsr-3722	369	19	science	science	NOUN
fsr-3722	369	20	,	,	PUNCT
fsr-3722	369	21	38	38	NUM
fsr-3722	369	22	:	:	SYM
fsr-3722	369	23	1186	1186	NUM
fsr-3722	369	24	-	-	SYM
fsr-3722	369	25	1200	1200	NUM
fsr-3722	369	26	.	.	PUNCT
fsr-3722	370	1	quandt	quandt	PROPN
fsr-3722	370	2	,	,	PUNCT
fsr-3722	370	3	r.	r.	PROPN
fsr-3722	370	4	e.	e.	PROPN
fsr-3722	370	5	1966	1966	NUM
fsr-3722	370	6	.	.	PUNCT
fsr-3722	371	1	“	"	PUNCT
fsr-3722	371	2	old	old	ADJ
fsr-3722	371	3	and	and	CCONJ
fsr-3722	371	4	new	new	ADJ
fsr-3722	371	5	methods	method	NOUN
fsr-3722	371	6	of	of	ADP
fsr-3722	371	7	estimation	estimation	NOUN
fsr-3722	371	8	and	and	CCONJ
fsr-3722	371	9	the	the	DET
fsr-3722	371	10	pareto	pareto	ADJ
fsr-3722	371	11	distribution	distribution	NOUN
fsr-3722	371	12	,	,	PUNCT
fsr-3722	371	13	”	"	PUNCT
fsr-3722	371	14	metrika	metrika	NOUN
fsr-3722	371	15	,	,	PUNCT
fsr-3722	371	16	10	10	NUM
fsr-3722	371	17	:	:	SYM
fsr-3722	371	18	55	55	NUM
fsr-3722	371	19	-	-	SYM
fsr-3722	371	20	82	82	NUM
fsr-3722	371	21	.	.	PUNCT
fsr-3722	372	1	sachs	sachs	PROPN
fsr-3722	372	2	,	,	PUNCT
fsr-3722	372	3	l.	l.	PROPN
fsr-3722	372	4	1982	1982	NUM
fsr-3722	372	5	.	.	PUNCT
fsr-3722	373	1	applied	apply	VERB
fsr-3722	373	2	statistics	statistic	NOUN
fsr-3722	373	3	:	:	PUNCT
fsr-3722	373	4	a	a	DET
fsr-3722	373	5	handbook	handbook	NOUN
fsr-3722	373	6	of	of	ADP
fsr-3722	373	7	techniques	technique	NOUN
fsr-3722	373	8	.	.	PUNCT
fsr-3722	374	1	new	new	PROPN
fsr-3722	374	2	york	york	PROPN
fsr-3722	374	3	.	.	PUNCT
fsr-3722	375	1	springer	springer	NOUN
fsr-3722	375	2	-	-	PUNCT
fsr-3722	375	3	verlag	verlag	PROPN
fsr-3722	375	4	.	.	PUNCT
fsr-3722	376	1	speer	speer	PROPN
fsr-3722	376	2	,	,	PUNCT
fsr-3722	376	3	p.	p.	PROPN
fsr-3722	376	4	d.	d.	PROPN
fsr-3722	376	5	1987	1987	NUM
fsr-3722	376	6	.	.	PUNCT
fsr-3722	377	1	“	"	PUNCT
fsr-3722	377	2	toward	toward	ADP
fsr-3722	377	3	an	an	DET
fsr-3722	377	4	efficient	efficient	ADJ
fsr-3722	377	5	market	market	NOUN
fsr-3722	377	6	in	in	ADP
fsr-3722	377	7	new	new	ADJ
fsr-3722	377	8	municipal	municipal	ADJ
fsr-3722	377	9	bonds	bond	NOUN
fsr-3722	377	10	,	,	PUNCT
fsr-3722	377	11	”	"	PUNCT
fsr-3722	377	12	municipal	municipal	ADJ
fsr-3722	377	13	finance	finance	NOUN
fsr-3722	377	14	journal	journal	NOUN
fsr-3722	377	15	,	,	PUNCT
fsr-3722	377	16	8	8	NUM
fsr-3722	377	17	:	:	SYM
fsr-3722	377	18	329	329	NUM
fsr-3722	377	19	-	-	SYM
fsr-3722	377	20	331	331	NUM
fsr-3722	377	21	.	.	PUNCT