id	sid	tid	token	lemma	pos
fsr-3867	1	1	pii	pii	PROPN
fsr-3867	1	2	:	:	PUNCT
fsr-3867	1	3	s1057	s1057	NOUN
fsr-3867	1	4	-	-	PUNCT
fsr-3867	1	5	0810(99)00025	0810(99)00025	NUM
fsr-3867	1	6	-	-	PUNCT
fsr-3867	1	7	6	6	NUM
fsr-3867	1	8	managing	manage	VERB
fsr-3867	1	9	college	college	NOUN
fsr-3867	1	10	tuition	tuition	NOUN
fsr-3867	1	11	inflation	inflation	NOUN
fsr-3867	1	12	using	use	VERB
fsr-3867	1	13	a	a	DET
fsr-3867	1	14	surplus	surplus	ADJ
fsr-3867	1	15	framework	framework	NOUN
fsr-3867	1	16	methodology	methodology	NOUN
fsr-3867	1	17	judson	judson	PROPN
fsr-3867	1	18	w.	w.	PROPN
fsr-3867	1	19	russell	russell	PROPN
fsr-3867	1	20	,	,	PUNCT
fsr-3867	1	21	a	a	DET
fsr-3867	1	22	robert	robert	PROPN
fsr-3867	1	23	brooks	brooks	PROPN
fsr-3867	1	24	,	,	PUNCT
fsr-3867	1	25	ph.d	ph.d	PROPN
fsr-3867	1	26	.	.	PROPN
fsr-3867	1	27	,	,	PUNCT
fsr-3867	1	28	cfab	cfab	PROPN
fsr-3867	1	29	,	,	PUNCT
fsr-3867	1	30	*	*	PUNCT
fsr-3867	1	31	avice	avice	NOUN
fsr-3867	1	32	president	president	NOUN
fsr-3867	1	33	,	,	PUNCT
fsr-3867	1	34	industry	industry	NOUN
fsr-3867	1	35	research	research	NOUN
fsr-3867	1	36	,	,	PUNCT
fsr-3867	1	37	global	global	ADJ
fsr-3867	1	38	corporate	corporate	ADJ
fsr-3867	1	39	&	&	CCONJ
fsr-3867	1	40	investment	investment	NOUN
fsr-3867	1	41	banking	banking	NOUN
fsr-3867	1	42	,	,	PUNCT
fsr-3867	1	43	bank	bank	PROPN
fsr-3867	1	44	of	of	ADP
fsr-3867	1	45	america	america	PROPN
fsr-3867	1	46	,	,	PUNCT
fsr-3867	1	47	nc1	nc1	PROPN
fsr-3867	1	48	-	-	PUNCT
fsr-3867	1	49	005	005	NUM
fsr-3867	1	50	-	-	PUNCT
fsr-3867	1	51	1102	1102	NUM
fsr-3867	1	52	,	,	PUNCT
fsr-3867	1	53	charlotte	charlotte	PROPN
fsr-3867	1	54	,	,	PUNCT
fsr-3867	1	55	nc	nc	PROPN
fsr-3867	1	56	28255	28255	NUM
fsr-3867	1	57	,	,	PUNCT
fsr-3867	1	58	usa	usa	PROPN
fsr-3867	1	59	bsouthtrust	bsouthtrust	PROPN
fsr-3867	1	60	professor	professor	NOUN
fsr-3867	1	61	of	of	ADP
fsr-3867	1	62	financial	financial	ADJ
fsr-3867	1	63	management	management	NOUN
fsr-3867	1	64	,	,	PUNCT
fsr-3867	1	65	department	department	NOUN
fsr-3867	1	66	of	of	ADP
fsr-3867	1	67	economics	economic	NOUN
fsr-3867	1	68	,	,	PUNCT
fsr-3867	1	69	finance	finance	NOUN
fsr-3867	1	70	and	and	CCONJ
fsr-3867	1	71	legal	legal	ADJ
fsr-3867	1	72	studies	study	NOUN
fsr-3867	1	73	,	,	PUNCT
fsr-3867	1	74	university	university	NOUN
fsr-3867	1	75	of	of	ADP
fsr-3867	1	76	alabama	alabama	PROPN
fsr-3867	1	77	,	,	PUNCT
fsr-3867	1	78	200	200	NUM
fsr-3867	1	79	alston	alston	PROPN
fsr-3867	1	80	hall	hall	PROPN
fsr-3867	1	81	,	,	PUNCT
fsr-3867	1	82	box	box	PROPN
fsr-3867	1	83	870224	870224	NUM
fsr-3867	1	84	,	,	PUNCT
fsr-3867	1	85	tuscaloosa	tuscaloosa	PROPN
fsr-3867	1	86	,	,	PUNCT
fsr-3867	1	87	al	al	PROPN
fsr-3867	1	88	35487	35487	NUM
fsr-3867	1	89	,	,	PUNCT
fsr-3867	1	90	usa	usa	PROPN
fsr-3867	1	91	abstract	abstract	NOUN
fsr-3867	1	92	this	this	DET
fsr-3867	1	93	paper	paper	NOUN
fsr-3867	1	94	explores	explore	NOUN
fsr-3867	1	95	prepaid	prepaid	PROPN
fsr-3867	1	96	college	college	NOUN
fsr-3867	1	97	tuition	tuition	NOUN
fsr-3867	1	98	plans	plan	NOUN
fsr-3867	1	99	and	and	CCONJ
fsr-3867	1	100	develops	develop	VERB
fsr-3867	1	101	a	a	DET
fsr-3867	1	102	methodology	methodology	NOUN
fsr-3867	1	103	for	for	ADP
fsr-3867	1	104	managing	manage	VERB
fsr-3867	1	105	college	college	NOUN
fsr-3867	1	106	tuition	tuition	NOUN
fsr-3867	1	107	inflation	inflation	NOUN
fsr-3867	1	108	.	.	PUNCT
fsr-3867	2	1	a	a	DET
fsr-3867	2	2	surplus	surplus	ADJ
fsr-3867	2	3	framework	framework	NOUN
fsr-3867	2	4	methodology	methodology	NOUN
fsr-3867	2	5	is	be	AUX
fsr-3867	2	6	derived	derive	VERB
fsr-3867	2	7	that	that	PRON
fsr-3867	2	8	employs	employ	VERB
fsr-3867	2	9	various	various	ADJ
fsr-3867	2	10	securities	security	NOUN
fsr-3867	2	11	and	and	CCONJ
fsr-3867	2	12	incorporates	incorporate	VERB
fsr-3867	2	13	both	both	DET
fsr-3867	2	14	the	the	DET
fsr-3867	2	15	assets	asset	NOUN
fsr-3867	2	16	and	and	CCONJ
fsr-3867	2	17	liabilities	liability	NOUN
fsr-3867	2	18	associated	associate	VERB
fsr-3867	2	19	with	with	ADP
fsr-3867	2	20	prepaid	prepay	VERB
fsr-3867	2	21	college	college	NOUN
fsr-3867	2	22	tuition	tuition	NOUN
fsr-3867	2	23	plans	plan	NOUN
fsr-3867	2	24	.	.	PUNCT
fsr-3867	3	1	although	although	SCONJ
fsr-3867	3	2	we	we	PRON
fsr-3867	3	3	present	present	VERB
fsr-3867	3	4	a	a	DET
fsr-3867	3	5	methodology	methodology	NOUN
fsr-3867	3	6	for	for	ADP
fsr-3867	3	7	plan	plan	NOUN
fsr-3867	3	8	management	management	NOUN
fsr-3867	3	9	,	,	PUNCT
fsr-3867	3	10	the	the	DET
fsr-3867	3	11	approach	approach	NOUN
fsr-3867	3	12	is	be	AUX
fsr-3867	3	13	applicable	applicable	ADJ
fsr-3867	3	14	for	for	ADP
fsr-3867	3	15	individuals	individual	NOUN
fsr-3867	3	16	who	who	PRON
fsr-3867	3	17	manage	manage	VERB
fsr-3867	3	18	their	their	PRON
fsr-3867	3	19	own	own	ADJ
fsr-3867	3	20	college	college	NOUN
fsr-3867	3	21	investment	investment	NOUN
fsr-3867	3	22	accounts	account	NOUN
fsr-3867	3	23	.	.	PUNCT
fsr-3867	4	1	an	an	DET
fsr-3867	4	2	interesting	interesting	ADJ
fsr-3867	4	3	result	result	NOUN
fsr-3867	4	4	of	of	ADP
fsr-3867	4	5	this	this	DET
fsr-3867	4	6	analysis	analysis	NOUN
fsr-3867	4	7	is	be	AUX
fsr-3867	4	8	that	that	SCONJ
fsr-3867	4	9	u.s	u.s	PROPN
fsr-3867	4	10	.	.	PROPN
fsr-3867	4	11	treasury	treasury	PROPN
fsr-3867	4	12	inflation	inflation	NOUN
fsr-3867	4	13	-	-	PUNCT
fsr-3867	4	14	indexed	index	VERB
fsr-3867	4	15	securities	security	NOUN
fsr-3867	4	16	should	should	AUX
fsr-3867	4	17	be	be	AUX
fsr-3867	4	18	included	include	VERB
fsr-3867	4	19	in	in	ADP
fsr-3867	4	20	the	the	DET
fsr-3867	4	21	asset	asset	NOUN
fsr-3867	4	22	allocation	allocation	NOUN
fsr-3867	4	23	decision	decision	NOUN
fsr-3867	4	24	for	for	ADP
fsr-3867	4	25	college	college	NOUN
fsr-3867	4	26	tuition	tuition	NOUN
fsr-3867	4	27	inflation	inflation	NOUN
fsr-3867	4	28	management	management	NOUN
fsr-3867	4	29	.	.	PUNCT
fsr-3867	5	1	by	by	ADP
fsr-3867	5	2	incorporating	incorporate	VERB
fsr-3867	5	3	both	both	CCONJ
fsr-3867	5	4	the	the	DET
fsr-3867	5	5	assets	asset	NOUN
fsr-3867	5	6	and	and	CCONJ
fsr-3867	5	7	liabilities	liability	NOUN
fsr-3867	5	8	from	from	ADP
fsr-3867	5	9	the	the	DET
fsr-3867	5	10	plans	plan	NOUN
fsr-3867	5	11	into	into	ADP
fsr-3867	5	12	a	a	DET
fsr-3867	5	13	surplus	surplus	ADJ
fsr-3867	5	14	framework	framework	NOUN
fsr-3867	5	15	methodology	methodology	NOUN
fsr-3867	5	16	,	,	PUNCT
fsr-3867	5	17	this	this	DET
fsr-3867	5	18	paper	paper	NOUN
fsr-3867	5	19	provides	provide	VERB
fsr-3867	5	20	a	a	DET
fsr-3867	5	21	new	new	ADJ
fsr-3867	5	22	portfolio	portfolio	NOUN
fsr-3867	5	23	management	management	NOUN
fsr-3867	5	24	tool	tool	NOUN
fsr-3867	5	25	for	for	ADP
fsr-3867	5	26	plan	plan	NOUN
fsr-3867	5	27	administrators	administrator	NOUN
fsr-3867	5	28	and	and	CCONJ
fsr-3867	5	29	individuals	individual	NOUN
fsr-3867	5	30	.	.	PUNCT
fsr-3867	6	1	our	our	PRON
fsr-3867	6	2	assertion	assertion	NOUN
fsr-3867	6	3	is	be	AUX
fsr-3867	6	4	that	that	SCONJ
fsr-3867	6	5	better	well	ADV
fsr-3867	6	6	managed	manage	VERB
fsr-3867	6	7	plans	plan	NOUN
fsr-3867	6	8	offer	offer	VERB
fsr-3867	6	9	more	more	ADJ
fsr-3867	6	10	college	college	NOUN
fsr-3867	6	11	financing	financing	NOUN
fsr-3867	6	12	alternatives	alternative	NOUN
fsr-3867	6	13	for	for	ADP
fsr-3867	6	14	individuals	individual	NOUN
fsr-3867	6	15	.	.	PUNCT
fsr-3867	7	1	©	©	PROPN
fsr-3867	7	2	1999	1999	NUM
fsr-3867	7	3	elsevier	elsevier	PROPN
fsr-3867	7	4	science	science	PROPN
fsr-3867	7	5	inc	inc	PROPN
fsr-3867	7	6	.	.	PUNCT
fsr-3867	8	1	all	all	DET
fsr-3867	8	2	rights	right	NOUN
fsr-3867	8	3	reserved	reserve	VERB
fsr-3867	8	4	.	.	PUNCT
fsr-3867	9	1	keywords	keyword	NOUN
fsr-3867	9	2	:	:	PUNCT
fsr-3867	9	3	portfolio	portfolio	NOUN
fsr-3867	9	4	choice	choice	NOUN
fsr-3867	9	5	,	,	PUNCT
fsr-3867	9	6	computational	computational	ADJ
fsr-3867	9	7	techniques	technique	NOUN
fsr-3867	9	8	,	,	PUNCT
fsr-3867	9	9	investment	investment	NOUN
fsr-3867	9	10	policy	policy	NOUN
fsr-3867	9	11	1	1	NUM
fsr-3867	9	12	.	.	PUNCT
fsr-3867	9	13	introduction	introduction	NOUN
fsr-3867	9	14	college	college	NOUN
fsr-3867	9	15	tuition	tuition	NOUN
fsr-3867	9	16	is	be	AUX
fsr-3867	9	17	a	a	DET
fsr-3867	9	18	subject	subject	NOUN
fsr-3867	9	19	of	of	ADP
fsr-3867	9	20	concern	concern	NOUN
fsr-3867	9	21	for	for	ADP
fsr-3867	9	22	families	family	NOUN
fsr-3867	9	23	who	who	PRON
fsr-3867	9	24	are	be	AUX
fsr-3867	9	25	saving	save	VERB
fsr-3867	9	26	for	for	ADP
fsr-3867	9	27	their	their	PRON
fsr-3867	9	28	children	child	NOUN
fsr-3867	9	29	’s	’s	PART
fsr-3867	9	30	education	education	NOUN
fsr-3867	9	31	.	.	PUNCT
fsr-3867	10	1	while	while	SCONJ
fsr-3867	10	2	consumer	consumer	NOUN
fsr-3867	10	3	prices	price	NOUN
fsr-3867	10	4	have	have	AUX
fsr-3867	10	5	been	be	AUX
fsr-3867	10	6	increasing	increase	VERB
fsr-3867	10	7	at	at	ADP
fsr-3867	10	8	a	a	DET
fsr-3867	10	9	relatively	relatively	ADV
fsr-3867	10	10	modest	modest	ADJ
fsr-3867	10	11	rate	rate	NOUN
fsr-3867	10	12	over	over	ADP
fsr-3867	10	13	the	the	DET
fsr-3867	10	14	past	past	ADJ
fsr-3867	10	15	few	few	ADJ
fsr-3867	10	16	years	year	NOUN
fsr-3867	10	17	,	,	PUNCT
fsr-3867	10	18	college	college	NOUN
fsr-3867	10	19	tuition	tuition	NOUN
fsr-3867	10	20	has	have	AUX
fsr-3867	10	21	been	be	AUX
fsr-3867	10	22	increasing	increase	VERB
fsr-3867	10	23	much	much	ADV
fsr-3867	10	24	more	more	ADV
fsr-3867	10	25	rapidly	rapidly	ADV
fsr-3867	10	26	.	.	PUNCT
fsr-3867	11	1	during	during	ADP
fsr-3867	11	2	the	the	DET
fsr-3867	11	3	period	period	NOUN
fsr-3867	11	4	*	*	PUNCT
fsr-3867	11	5	corresponding	correspond	VERB
fsr-3867	11	6	author	author	NOUN
fsr-3867	11	7	.	.	PUNCT
fsr-3867	11	8	tel.:11	tel.:11	PROPN
fsr-3867	11	9	-	-	PUNCT
fsr-3867	11	10	205	205	NUM
fsr-3867	11	11	-	-	PUNCT
fsr-3867	11	12	348	348	NUM
fsr-3867	11	13	-	-	PUNCT
fsr-3867	11	14	8987	8987	NUM
fsr-3867	11	15	;	;	PUNCT
fsr-3867	11	16	fax:11	fax:11	NOUN
fsr-3867	11	17	-	-	PUNCT
fsr-3867	11	18	205	205	NUM
fsr-3867	11	19	-	-	PUNCT
fsr-3867	11	20	348	348	NUM
fsr-3867	11	21	-	-	PUNCT
fsr-3867	11	22	0590	0590	NUM
fsr-3867	11	23	.	.	PUNCT
fsr-3867	12	1	e	e	X
fsr-3867	12	2	-	-	NOUN
fsr-3867	12	3	mail	mail	NOUN
fsr-3867	12	4	address:rbrooks@cba.ua.edu	address:rbrooks@cba.ua.edu	PROPN
fsr-3867	12	5	(	(	PUNCT
fsr-3867	12	6	r.	r.	PROPN
fsr-3867	12	7	brooks	brooks	PROPN
fsr-3867	12	8	)	)	PUNCT
fsr-3867	12	9	financial	financial	ADJ
fsr-3867	12	10	services	service	NOUN
fsr-3867	12	11	review	review	VERB
fsr-3867	12	12	7	7	NUM
fsr-3867	12	13	(	(	PUNCT
fsr-3867	12	14	1998	1998	NUM
fsr-3867	12	15	)	)	PUNCT
fsr-3867	12	16	257–271	257–271	NUM
fsr-3867	12	17	1057	1057	NUM
fsr-3867	12	18	-	-	SYM
fsr-3867	12	19	0810/98/$	0810/98/$	NUM
fsr-3867	12	20	–	–	PUNCT
fsr-3867	12	21	see	see	VERB
fsr-3867	12	22	front	front	ADJ
fsr-3867	12	23	matter	matter	NOUN
fsr-3867	12	24	©	©	PROPN
fsr-3867	12	25	1999	1999	NUM
fsr-3867	12	26	elsevier	elsevier	PROPN
fsr-3867	12	27	science	science	PROPN
fsr-3867	12	28	inc	inc	PROPN
fsr-3867	12	29	.	.	PUNCT
fsr-3867	13	1	all	all	DET
fsr-3867	13	2	rights	right	NOUN
fsr-3867	13	3	reserved	reserve	VERB
fsr-3867	13	4	.	.	PUNCT
fsr-3867	14	1	pii	pii	NOUN
fsr-3867	14	2	:	:	PUNCT
fsr-3867	14	3	s1057	s1057	NOUN
fsr-3867	14	4	-	-	PUNCT
fsr-3867	14	5	0810(99)00025	0810(99)00025	NOUN
fsr-3867	14	6	-	-	PUNCT
fsr-3867	14	7	6	6	NUM
fsr-3867	14	8	1980–1995	1980–1995	NUM
fsr-3867	14	9	,	,	PUNCT
fsr-3867	14	10	tuition	tuition	NOUN
fsr-3867	14	11	at	at	ADP
fsr-3867	14	12	public	public	ADJ
fsr-3867	14	13	universities	university	NOUN
fsr-3867	14	14	increased	increase	VERB
fsr-3867	14	15	234	234	NUM
fsr-3867	14	16	%	%	NOUN
fsr-3867	14	17	,	,	PUNCT
fsr-3867	14	18	while	while	SCONJ
fsr-3867	14	19	median	median	ADJ
fsr-3867	14	20	household	household	NOUN
fsr-3867	14	21	income	income	NOUN
fsr-3867	14	22	rose	rise	VERB
fsr-3867	14	23	82	82	NUM
fsr-3867	14	24	%	%	NOUN
fsr-3867	14	25	,	,	PUNCT
fsr-3867	14	26	and	and	CCONJ
fsr-3867	14	27	the	the	DET
fsr-3867	14	28	consumer	consumer	NOUN
fsr-3867	14	29	price	price	NOUN
fsr-3867	14	30	index	index	NOUN
fsr-3867	14	31	(	(	PUNCT
fsr-3867	14	32	cpi	cpi	PROPN
fsr-3867	14	33	)	)	PUNCT
fsr-3867	14	34	increased	increase	VERB
fsr-3867	14	35	74	74	NUM
fsr-3867	14	36	%	%	NOUN
fsr-3867	14	37	.	.	PUNCT
fsr-3867	15	1	increases	increase	NOUN
fsr-3867	15	2	in	in	ADP
fsr-3867	15	3	grant	grant	NOUN
fsr-3867	15	4	aid	aid	NOUN
fsr-3867	15	5	have	have	AUX
fsr-3867	15	6	not	not	PART
fsr-3867	15	7	kept	keep	VERB
fsr-3867	15	8	up	up	ADP
fsr-3867	15	9	with	with	ADP
fsr-3867	15	10	tuition	tuition	NOUN
fsr-3867	15	11	inflation	inflation	NOUN
fsr-3867	15	12	.	.	PUNCT
fsr-3867	16	1	students	student	NOUN
fsr-3867	16	2	,	,	PUNCT
fsr-3867	16	3	and	and	CCONJ
fsr-3867	16	4	their	their	PRON
fsr-3867	16	5	parents	parent	NOUN
fsr-3867	16	6	,	,	PUNCT
fsr-3867	16	7	have	have	AUX
fsr-3867	16	8	absorbed	absorb	VERB
fsr-3867	16	9	a	a	DET
fsr-3867	16	10	large	large	ADJ
fsr-3867	16	11	portion	portion	NOUN
fsr-3867	16	12	of	of	ADP
fsr-3867	16	13	the	the	DET
fsr-3867	16	14	tuition	tuition	NOUN
fsr-3867	16	15	increase	increase	VERB
fsr-3867	16	16	through	through	ADP
fsr-3867	16	17	loans	loan	NOUN
fsr-3867	16	18	.	.	PUNCT
fsr-3867	17	1	in	in	ADP
fsr-3867	17	2	1980	1980	NUM
fsr-3867	17	3	,	,	PUNCT
fsr-3867	17	4	the	the	DET
fsr-3867	17	5	average	average	ADJ
fsr-3867	17	6	student	student	NOUN
fsr-3867	17	7	loan	loan	NOUN
fsr-3867	17	8	was	be	AUX
fsr-3867	17	9	$	$	SYM
fsr-3867	17	10	518	518	NUM
fsr-3867	17	11	.	.	PUNCT
fsr-3867	18	1	by	by	ADP
fsr-3867	18	2	1995	1995	NUM
fsr-3867	18	3	the	the	DET
fsr-3867	18	4	average	average	ADJ
fsr-3867	18	5	loan	loan	NOUN
fsr-3867	18	6	was	be	AUX
fsr-3867	18	7	$	$	SYM
fsr-3867	18	8	2,417	2,417	NUM
fsr-3867	18	9	,	,	PUNCT
fsr-3867	18	10	an	an	DET
fsr-3867	18	11	increase	increase	NOUN
fsr-3867	18	12	of	of	ADP
fsr-3867	18	13	367	367	NUM
fsr-3867	18	14	%	%	NOUN
fsr-3867	18	15	.	.	PUNCT
fsr-3867	19	1	with	with	ADP
fsr-3867	19	2	tuition	tuition	NOUN
fsr-3867	19	3	rising	rise	VERB
fsr-3867	19	4	faster	fast	ADV
fsr-3867	19	5	than	than	ADP
fsr-3867	19	6	household	household	NOUN
fsr-3867	19	7	income	income	NOUN
fsr-3867	19	8	,	,	PUNCT
fsr-3867	19	9	an	an	DET
fsr-3867	19	10	affordability	affordability	NOUN
fsr-3867	19	11	gap	gap	NOUN
fsr-3867	19	12	has	have	AUX
fsr-3867	19	13	developed	develop	VERB
fsr-3867	19	14	.	.	PUNCT
fsr-3867	20	1	in	in	ADP
fsr-3867	20	2	an	an	DET
fsr-3867	20	3	effort	effort	NOUN
fsr-3867	20	4	to	to	PART
fsr-3867	20	5	reduce	reduce	VERB
fsr-3867	20	6	the	the	DET
fsr-3867	20	7	anxiety	anxiety	NOUN
fsr-3867	20	8	of	of	ADP
fsr-3867	20	9	meeting	meet	VERB
fsr-3867	20	10	college	college	NOUN
fsr-3867	20	11	tuition	tuition	NOUN
fsr-3867	20	12	needs	need	VERB
fsr-3867	20	13	,	,	PUNCT
fsr-3867	20	14	many	many	ADJ
fsr-3867	20	15	states	state	NOUN
fsr-3867	20	16	have	have	AUX
fsr-3867	20	17	adopted	adopt	VERB
fsr-3867	20	18	prepaid	prepaid	ADJ
fsr-3867	20	19	college	college	NOUN
fsr-3867	20	20	tuition	tuition	NOUN
fsr-3867	20	21	plans	plan	NOUN
fsr-3867	20	22	or	or	CCONJ
fsr-3867	20	23	variations	variation	NOUN
fsr-3867	20	24	on	on	ADP
fsr-3867	20	25	the	the	DET
fsr-3867	20	26	plans	plan	NOUN
fsr-3867	20	27	.	.	PUNCT
fsr-3867	21	1	a	a	DET
fsr-3867	21	2	synopsis	synopsis	NOUN
fsr-3867	21	3	of	of	ADP
fsr-3867	21	4	state	state	NOUN
fsr-3867	21	5	plans	plan	NOUN
fsr-3867	21	6	is	be	AUX
fsr-3867	21	7	included	include	VERB
fsr-3867	21	8	in	in	ADP
fsr-3867	21	9	table	table	NOUN
fsr-3867	21	10	1	1	NUM
fsr-3867	21	11	and	and	CCONJ
fsr-3867	21	12	fig	fig	NOUN
fsr-3867	21	13	.	.	PUNCT
fsr-3867	22	1	1	1	X
fsr-3867	22	2	.	.	X
fsr-3867	22	3	in	in	ADP
fsr-3867	22	4	general	general	ADJ
fsr-3867	22	5	terms	term	NOUN
fsr-3867	22	6	,	,	PUNCT
fsr-3867	22	7	prepaid	prepaid	ADJ
fsr-3867	22	8	tuition	tuition	NOUN
fsr-3867	22	9	plans	plan	NOUN
fsr-3867	22	10	allow	allow	VERB
fsr-3867	22	11	investors	investor	NOUN
fsr-3867	22	12	to	to	PART
fsr-3867	22	13	pay	pay	VERB
fsr-3867	22	14	for	for	ADP
fsr-3867	22	15	college	college	NOUN
fsr-3867	22	16	at	at	ADP
fsr-3867	22	17	approximately	approximately	ADV
fsr-3867	22	18	today	today	NOUN
fsr-3867	22	19	’s	’s	PART
fsr-3867	22	20	tuition	tuition	NOUN
fsr-3867	22	21	levels	level	NOUN
fsr-3867	22	22	for	for	ADP
fsr-3867	22	23	college	college	NOUN
fsr-3867	22	24	attendance	attendance	NOUN
fsr-3867	22	25	at	at	ADP
fsr-3867	22	26	a	a	DET
fsr-3867	22	27	later	later	ADJ
fsr-3867	22	28	date	date	NOUN
fsr-3867	22	29	.	.	PUNCT
fsr-3867	23	1	these	these	DET
fsr-3867	23	2	plans	plan	NOUN
fsr-3867	23	3	should	should	AUX
fsr-3867	23	4	help	help	VERB
fsr-3867	23	5	mitigate	mitigate	VERB
fsr-3867	23	6	the	the	DET
fsr-3867	23	7	uncertainty	uncertainty	NOUN
fsr-3867	23	8	associated	associate	VERB
fsr-3867	23	9	with	with	ADP
fsr-3867	23	10	tuition	tuition	NOUN
fsr-3867	23	11	inflation	inflation	NOUN
fsr-3867	23	12	for	for	ADP
fsr-3867	23	13	the	the	DET
fsr-3867	23	14	individual	individual	ADJ
fsr-3867	23	15	investor	investor	NOUN
fsr-3867	23	16	.	.	PUNCT
fsr-3867	24	1	the	the	DET
fsr-3867	24	2	uncertainty	uncertainty	NOUN
fsr-3867	24	3	,	,	PUNCT
fsr-3867	24	4	or	or	CCONJ
fsr-3867	24	5	risk	risk	NOUN
fsr-3867	24	6	,	,	PUNCT
fsr-3867	24	7	associated	associate	VERB
fsr-3867	24	8	with	with	ADP
fsr-3867	24	9	tuition	tuition	NOUN
fsr-3867	24	10	inflation	inflation	NOUN
fsr-3867	24	11	is	be	AUX
fsr-3867	24	12	shifted	shift	VERB
fsr-3867	24	13	from	from	ADP
fsr-3867	24	14	individual	individual	ADJ
fsr-3867	24	15	investors	investor	NOUN
fsr-3867	24	16	to	to	ADP
fsr-3867	24	17	states	state	NOUN
fsr-3867	24	18	offering	offer	VERB
fsr-3867	24	19	the	the	DET
fsr-3867	24	20	plans	plan	NOUN
fsr-3867	24	21	or	or	CCONJ
fsr-3867	24	22	to	to	ADP
fsr-3867	24	23	other	other	ADJ
fsr-3867	24	24	guarantors	guarantor	NOUN
fsr-3867	24	25	,	,	PUNCT
fsr-3867	24	26	depending	depend	VERB
fsr-3867	24	27	on	on	ADP
fsr-3867	24	28	the	the	DET
fsr-3867	24	29	structure	structure	NOUN
fsr-3867	24	30	of	of	ADP
fsr-3867	24	31	the	the	DET
fsr-3867	24	32	state	state	NOUN
fsr-3867	24	33	’s	’s	PART
fsr-3867	24	34	plan	plan	NOUN
fsr-3867	24	35	.	.	PUNCT
fsr-3867	25	1	the	the	DET
fsr-3867	25	2	state	state	NOUN
fsr-3867	25	3	’s	’s	PART
fsr-3867	25	4	ability	ability	NOUN
fsr-3867	25	5	to	to	PART
fsr-3867	25	6	manage	manage	VERB
fsr-3867	25	7	this	this	DET
fsr-3867	25	8	risk	risk	NOUN
fsr-3867	25	9	is	be	AUX
fsr-3867	25	10	essential	essential	ADJ
fsr-3867	25	11	to	to	ADP
fsr-3867	25	12	the	the	DET
fsr-3867	25	13	viability	viability	NOUN
fsr-3867	25	14	of	of	ADP
fsr-3867	25	15	this	this	DET
fsr-3867	25	16	tuition	tuition	NOUN
fsr-3867	25	17	-	-	PUNCT
fsr-3867	25	18	financing	financing	NOUN
fsr-3867	25	19	alternative	alternative	NOUN
fsr-3867	25	20	.	.	PUNCT
fsr-3867	26	1	without	without	ADP
fsr-3867	26	2	proper	proper	ADJ
fsr-3867	26	3	management	management	NOUN
fsr-3867	26	4	skills	skill	NOUN
fsr-3867	26	5	and	and	CCONJ
fsr-3867	26	6	methods	method	NOUN
fsr-3867	26	7	the	the	DET
fsr-3867	26	8	plans	plan	NOUN
fsr-3867	26	9	become	become	VERB
fsr-3867	26	10	actuarially	actuarially	ADV
fsr-3867	26	11	unsound	unsound	ADJ
fsr-3867	26	12	and	and	CCONJ
fsr-3867	26	13	the	the	DET
fsr-3867	26	14	risk	risk	NOUN
fsr-3867	26	15	may	may	AUX
fsr-3867	26	16	be	be	AUX
fsr-3867	26	17	transferred	transfer	VERB
fsr-3867	26	18	back	back	ADV
fsr-3867	26	19	to	to	ADP
fsr-3867	26	20	the	the	DET
fsr-3867	26	21	individual	individual	ADJ
fsr-3867	26	22	investor	investor	NOUN
fsr-3867	26	23	.	.	PUNCT
fsr-3867	27	1	the	the	DET
fsr-3867	27	2	state	state	NOUN
fsr-3867	27	3	’s	’s	PART
fsr-3867	27	4	risk	risk	NOUN
fsr-3867	27	5	stems	stem	VERB
fsr-3867	27	6	from	from	ADP
fsr-3867	27	7	the	the	DET
fsr-3867	27	8	possibility	possibility	NOUN
fsr-3867	27	9	that	that	PRON
fsr-3867	27	10	plan	plan	VERB
fsr-3867	27	11	income	income	NOUN
fsr-3867	27	12	from	from	ADP
fsr-3867	27	13	premiums	premium	NOUN
fsr-3867	27	14	and	and	CCONJ
fsr-3867	27	15	investment	investment	NOUN
fsr-3867	27	16	activities	activity	NOUN
fsr-3867	27	17	will	will	AUX
fsr-3867	27	18	not	not	PART
fsr-3867	27	19	keep	keep	VERB
fsr-3867	27	20	pace	pace	NOUN
fsr-3867	27	21	with	with	ADP
fsr-3867	27	22	tuition	tuition	NOUN
fsr-3867	27	23	inflation	inflation	NOUN
fsr-3867	27	24	.	.	PUNCT
fsr-3867	28	1	two	two	NUM
fsr-3867	28	2	state	state	NOUN
fsr-3867	28	3	programs	program	NOUN
fsr-3867	28	4	,	,	PUNCT
fsr-3867	28	5	michigan	michigan	PROPN
fsr-3867	28	6	and	and	CCONJ
fsr-3867	28	7	wyoming	wyoming	PROPN
fsr-3867	28	8	,	,	PUNCT
fsr-3867	28	9	have	have	AUX
fsr-3867	28	10	experienced	experience	VERB
fsr-3867	28	11	the	the	DET
fsr-3867	28	12	effects	effect	NOUN
fsr-3867	28	13	of	of	ADP
fsr-3867	28	14	this	this	DET
fsr-3867	28	15	risk	risk	NOUN
fsr-3867	28	16	.	.	PUNCT
fsr-3867	29	1	michigan	michigan	PROPN
fsr-3867	29	2	’s	’s	PART
fsr-3867	29	3	plan	plan	NOUN
fsr-3867	29	4	was	be	AUX
fsr-3867	29	5	suspended	suspend	VERB
fsr-3867	29	6	when	when	SCONJ
fsr-3867	29	7	it	it	PRON
fsr-3867	29	8	was	be	AUX
fsr-3867	29	9	deemed	deem	VERB
fsr-3867	29	10	actuarially	actuarially	ADV
fsr-3867	29	11	unsound	unsound	ADJ
fsr-3867	29	12	.	.	PUNCT
fsr-3867	30	1	it	it	PRON
fsr-3867	30	2	has	have	AUX
fsr-3867	30	3	since	since	ADV
fsr-3867	30	4	been	be	AUX
fsr-3867	30	5	reinstated	reinstate	VERB
fsr-3867	30	6	,	,	PUNCT
fsr-3867	30	7	subject	subject	ADJ
fsr-3867	30	8	to	to	ADP
fsr-3867	30	9	liquidation	liquidation	NOUN
fsr-3867	30	10	if	if	SCONJ
fsr-3867	30	11	it	it	PRON
fsr-3867	30	12	once	once	ADV
fsr-3867	30	13	again	again	ADV
fsr-3867	30	14	becomes	become	VERB
fsr-3867	30	15	actuarially	actuarially	ADV
fsr-3867	30	16	unsound	unsound	ADJ
fsr-3867	30	17	.	.	PUNCT
fsr-3867	31	1	wyoming	wyoming	NOUN
fsr-3867	31	2	’s	’s	PART
fsr-3867	31	3	plan	plan	NOUN
fsr-3867	31	4	has	have	AUX
fsr-3867	31	5	also	also	ADV
fsr-3867	31	6	experienced	experience	VERB
fsr-3867	31	7	actuarial	actuarial	ADJ
fsr-3867	31	8	difficulties	difficulty	NOUN
fsr-3867	31	9	.	.	PUNCT
fsr-3867	32	1	the	the	DET
fsr-3867	32	2	tuition	tuition	NOUN
fsr-3867	32	3	outlays	outlay	NOUN
fsr-3867	32	4	exceeded	exceed	VERB
fsr-3867	32	5	the	the	DET
fsr-3867	32	6	plan	plan	NOUN
fsr-3867	32	7	’s	’s	PART
fsr-3867	32	8	principal	principal	NOUN
fsr-3867	32	9	and	and	CCONJ
fsr-3867	32	10	accumulated	accumulate	VERB
fsr-3867	32	11	interest	interest	NOUN
fsr-3867	32	12	.	.	PUNCT
fsr-3867	33	1	the	the	DET
fsr-3867	33	2	state	state	NOUN
fsr-3867	33	3	suspended	suspend	VERB
fsr-3867	33	4	the	the	DET
fsr-3867	33	5	program	program	NOUN
fsr-3867	33	6	,	,	PUNCT
fsr-3867	33	7	but	but	CCONJ
fsr-3867	33	8	it	it	PRON
fsr-3867	33	9	honored	honor	VERB
fsr-3867	33	10	its	its	PRON
fsr-3867	33	11	obligation	obligation	NOUN
fsr-3867	33	12	and	and	CCONJ
fsr-3867	33	13	subsidized	subsidize	VERB
fsr-3867	33	14	the	the	DET
fsr-3867	33	15	shortfall	shortfall	NOUN
fsr-3867	33	16	in	in	ADP
fsr-3867	33	17	the	the	DET
fsr-3867	33	18	contracts	contract	NOUN
fsr-3867	33	19	.	.	PUNCT
fsr-3867	34	1	this	this	DET
fsr-3867	34	2	paper	paper	NOUN
fsr-3867	34	3	presents	present	VERB
fsr-3867	34	4	several	several	ADJ
fsr-3867	34	5	concepts	concept	NOUN
fsr-3867	34	6	,	,	PUNCT
fsr-3867	34	7	but	but	CCONJ
fsr-3867	34	8	each	each	PRON
fsr-3867	34	9	directly	directly	ADV
fsr-3867	34	10	impacts	impact	VERB
fsr-3867	34	11	tuition	tuition	NOUN
fsr-3867	34	12	risk	risk	NOUN
fsr-3867	34	13	-	-	PUNCT
fsr-3867	34	14	shifting	shift	VERB
fsr-3867	34	15	or	or	CCONJ
fsr-3867	34	16	hedging	hedge	VERB
fsr-3867	34	17	programs	program	NOUN
fsr-3867	34	18	that	that	PRON
fsr-3867	34	19	ultimately	ultimately	ADV
fsr-3867	34	20	affect	affect	VERB
fsr-3867	34	21	the	the	DET
fsr-3867	34	22	individual	individual	NOUN
fsr-3867	34	23	.	.	PUNCT
fsr-3867	35	1	the	the	DET
fsr-3867	35	2	essential	essential	ADJ
fsr-3867	35	3	elements	element	NOUN
fsr-3867	35	4	of	of	ADP
fsr-3867	35	5	prepaid	prepaid	ADJ
fsr-3867	35	6	college	college	NOUN
fsr-3867	35	7	tuition	tuition	NOUN
fsr-3867	35	8	plans	plan	NOUN
fsr-3867	35	9	are	be	AUX
fsr-3867	35	10	discussed	discuss	VERB
fsr-3867	35	11	and	and	CCONJ
fsr-3867	35	12	a	a	DET
fsr-3867	35	13	methodology	methodology	NOUN
fsr-3867	35	14	for	for	ADP
fsr-3867	35	15	managing	manage	VERB
fsr-3867	35	16	tuition	tuition	NOUN
fsr-3867	35	17	inflation	inflation	NOUN
fsr-3867	35	18	exposure	exposure	NOUN
fsr-3867	35	19	is	be	AUX
fsr-3867	35	20	developed	develop	VERB
fsr-3867	35	21	.	.	PUNCT
fsr-3867	36	1	a	a	DET
fsr-3867	36	2	relatively	relatively	ADV
fsr-3867	36	3	new	new	ADJ
fsr-3867	36	4	class	class	NOUN
fsr-3867	36	5	of	of	ADP
fsr-3867	36	6	securities	security	NOUN
fsr-3867	36	7	is	be	AUX
fsr-3867	36	8	introduced	introduce	VERB
fsr-3867	36	9	that	that	PRON
fsr-3867	36	10	may	may	AUX
fsr-3867	36	11	be	be	AUX
fsr-3867	36	12	beneficial	beneficial	ADJ
fsr-3867	36	13	to	to	ADP
fsr-3867	36	14	either	either	DET
fsr-3867	36	15	states	state	NOUN
fsr-3867	36	16	,	,	PUNCT
fsr-3867	36	17	that	that	PRON
fsr-3867	36	18	are	be	AUX
fsr-3867	36	19	managing	manage	VERB
fsr-3867	36	20	prepaid	prepaid	ADJ
fsr-3867	36	21	tuition	tuition	NOUN
fsr-3867	36	22	plans	plan	NOUN
fsr-3867	36	23	,	,	PUNCT
fsr-3867	36	24	or	or	CCONJ
fsr-3867	36	25	individuals	individual	NOUN
fsr-3867	36	26	,	,	PUNCT
fsr-3867	36	27	who	who	PRON
fsr-3867	36	28	may	may	AUX
fsr-3867	36	29	wish	wish	VERB
fsr-3867	36	30	to	to	PART
fsr-3867	36	31	hedge	hedge	VERB
fsr-3867	36	32	tuition	tuition	NOUN
fsr-3867	36	33	inflation	inflation	NOUN
fsr-3867	36	34	risk	risk	NOUN
fsr-3867	36	35	on	on	ADP
fsr-3867	36	36	their	their	PRON
fsr-3867	36	37	own	own	ADJ
fsr-3867	36	38	.	.	PUNCT
fsr-3867	37	1	this	this	DET
fsr-3867	37	2	paper	paper	NOUN
fsr-3867	37	3	makes	make	VERB
fsr-3867	37	4	three	three	NUM
fsr-3867	37	5	significant	significant	ADJ
fsr-3867	37	6	contributions	contribution	NOUN
fsr-3867	37	7	to	to	ADP
fsr-3867	37	8	the	the	DET
fsr-3867	37	9	existing	exist	VERB
fsr-3867	37	10	literature	literature	NOUN
fsr-3867	37	11	:	:	PUNCT
fsr-3867	37	12	(	(	PUNCT
fsr-3867	37	13	1	1	X
fsr-3867	37	14	)	)	PUNCT
fsr-3867	37	15	prepaid	prepay	VERB
fsr-3867	37	16	college	college	NOUN
fsr-3867	37	17	tuition	tuition	NOUN
fsr-3867	37	18	plans	plan	NOUN
fsr-3867	37	19	are	be	AUX
fsr-3867	37	20	still	still	ADV
fsr-3867	37	21	in	in	ADP
fsr-3867	37	22	their	their	PRON
fsr-3867	37	23	infancy	infancy	NOUN
fsr-3867	37	24	.	.	PUNCT
fsr-3867	38	1	this	this	DET
fsr-3867	38	2	paper	paper	NOUN
fsr-3867	38	3	explains	explain	VERB
fsr-3867	38	4	the	the	DET
fsr-3867	38	5	mechanics	mechanic	NOUN
fsr-3867	38	6	of	of	ADP
fsr-3867	38	7	these	these	DET
fsr-3867	38	8	plans	plan	NOUN
fsr-3867	38	9	and	and	CCONJ
fsr-3867	38	10	discusses	discuss	VERB
fsr-3867	38	11	the	the	DET
fsr-3867	38	12	burden	burden	NOUN
fsr-3867	38	13	of	of	ADP
fsr-3867	38	14	tuition	tuition	NOUN
fsr-3867	38	15	inflation	inflation	NOUN
fsr-3867	38	16	;	;	PUNCT
fsr-3867	38	17	(	(	PUNCT
fsr-3867	38	18	2	2	X
fsr-3867	38	19	)	)	PUNCT
fsr-3867	38	20	surplus	surplus	NOUN
fsr-3867	38	21	framework	framework	NOUN
fsr-3867	38	22	management	management	NOUN
fsr-3867	38	23	is	be	AUX
fsr-3867	38	24	also	also	ADV
fsr-3867	38	25	a	a	DET
fsr-3867	38	26	relatively	relatively	ADV
fsr-3867	38	27	new	new	ADJ
fsr-3867	38	28	concept	concept	NOUN
fsr-3867	38	29	.	.	PUNCT
fsr-3867	39	1	this	this	DET
fsr-3867	39	2	portfolio	portfolio	NOUN
fsr-3867	39	3	management	management	NOUN
fsr-3867	39	4	concept	concept	NOUN
fsr-3867	39	5	has	have	AUX
fsr-3867	39	6	primarily	primarily	ADV
fsr-3867	39	7	been	be	AUX
fsr-3867	39	8	applied	apply	VERB
fsr-3867	39	9	to	to	ADP
fsr-3867	39	10	defined	define	VERB
fsr-3867	39	11	benefits	benefit	NOUN
fsr-3867	39	12	plans	plan	NOUN
fsr-3867	39	13	.	.	PUNCT
fsr-3867	40	1	this	this	DET
fsr-3867	40	2	paper	paper	NOUN
fsr-3867	40	3	presents	present	VERB
fsr-3867	40	4	a	a	DET
fsr-3867	40	5	new	new	ADJ
fsr-3867	40	6	direction	direction	NOUN
fsr-3867	40	7	for	for	ADP
fsr-3867	40	8	using	use	VERB
fsr-3867	40	9	this	this	DET
fsr-3867	40	10	methodology	methodology	NOUN
fsr-3867	40	11	;	;	PUNCT
fsr-3867	40	12	and	and	CCONJ
fsr-3867	40	13	(	(	PUNCT
fsr-3867	40	14	3	3	X
fsr-3867	40	15	)	)	PUNCT
fsr-3867	40	16	u.s	u.s	PROPN
fsr-3867	40	17	.	.	PROPN
fsr-3867	40	18	treasury	treasury	PROPN
fsr-3867	40	19	inflation	inflation	NOUN
fsr-3867	40	20	-	-	PUNCT
fsr-3867	40	21	indexed	index	VERB
fsr-3867	40	22	securities	security	NOUN
fsr-3867	40	23	represent	represent	VERB
fsr-3867	40	24	a	a	DET
fsr-3867	40	25	new	new	ADJ
fsr-3867	40	26	asset	asset	NOUN
fsr-3867	40	27	class	class	NOUN
fsr-3867	40	28	.	.	PUNCT
fsr-3867	41	1	this	this	DET
fsr-3867	41	2	paper	paper	NOUN
fsr-3867	41	3	provides	provide	VERB
fsr-3867	41	4	a	a	DET
fsr-3867	41	5	brief	brief	ADJ
fsr-3867	41	6	background	background	NOUN
fsr-3867	41	7	on	on	ADP
fsr-3867	41	8	the	the	DET
fsr-3867	41	9	new	new	ADJ
fsr-3867	41	10	securities	security	NOUN
fsr-3867	41	11	and	and	CCONJ
fsr-3867	41	12	,	,	PUNCT
fsr-3867	41	13	more	more	ADV
fsr-3867	41	14	importantly	importantly	ADV
fsr-3867	41	15	,	,	PUNCT
fsr-3867	41	16	provides	provide	VERB
fsr-3867	41	17	a	a	DET
fsr-3867	41	18	practical	practical	ADJ
fsr-3867	41	19	application	application	NOUN
fsr-3867	41	20	of	of	ADP
fsr-3867	41	21	the	the	DET
fsr-3867	41	22	securities	security	NOUN
fsr-3867	41	23	in	in	ADP
fsr-3867	41	24	a	a	DET
fsr-3867	41	25	risk	risk	NOUN
fsr-3867	41	26	management	management	NOUN
fsr-3867	41	27	,	,	PUNCT
fsr-3867	41	28	surplus	surplus	ADJ
fsr-3867	41	29	framework	framework	NOUN
fsr-3867	41	30	context	context	NOUN
fsr-3867	41	31	for	for	ADP
fsr-3867	41	32	prepaid	prepaid	ADJ
fsr-3867	41	33	college	college	NOUN
fsr-3867	41	34	tuition	tuition	NOUN
fsr-3867	41	35	plan	plan	NOUN
fsr-3867	41	36	management	management	NOUN
fsr-3867	41	37	and	and	CCONJ
fsr-3867	41	38	tuition	tuition	NOUN
fsr-3867	41	39	inflation	inflation	NOUN
fsr-3867	41	40	hedging	hedging	NOUN
fsr-3867	41	41	.	.	PUNCT
fsr-3867	42	1	in	in	ADP
fsr-3867	42	2	section	section	NOUN
fsr-3867	42	3	2	2	NUM
fsr-3867	42	4	,	,	PUNCT
fsr-3867	42	5	the	the	DET
fsr-3867	42	6	background	background	NOUN
fsr-3867	42	7	for	for	ADP
fsr-3867	42	8	prepaid	prepaid	ADJ
fsr-3867	42	9	college	college	NOUN
fsr-3867	42	10	tuition	tuition	NOUN
fsr-3867	42	11	plans	plan	NOUN
fsr-3867	42	12	is	be	AUX
fsr-3867	42	13	discussed	discuss	VERB
fsr-3867	42	14	.	.	PUNCT
fsr-3867	43	1	currently	currently	ADV
fsr-3867	43	2	,	,	PUNCT
fsr-3867	43	3	available	available	ADJ
fsr-3867	43	4	plans	plan	NOUN
fsr-3867	43	5	are	be	AUX
fsr-3867	43	6	presented	present	VERB
fsr-3867	43	7	and	and	CCONJ
fsr-3867	43	8	are	be	AUX
fsr-3867	43	9	contrasted	contrast	VERB
fsr-3867	43	10	with	with	ADP
fsr-3867	43	11	other	other	ADJ
fsr-3867	43	12	financing	financing	NOUN
fsr-3867	43	13	alternatives	alternative	NOUN
fsr-3867	43	14	.	.	PUNCT
fsr-3867	44	1	section	section	NOUN
fsr-3867	44	2	3	3	NUM
fsr-3867	44	3	illustrates	illustrate	VERB
fsr-3867	44	4	the	the	DET
fsr-3867	44	5	transfer	transfer	NOUN
fsr-3867	44	6	of	of	ADP
fsr-3867	44	7	the	the	DET
fsr-3867	44	8	tuition	tuition	NOUN
fsr-3867	44	9	inflation	inflation	NOUN
fsr-3867	44	10	burden	burden	NOUN
fsr-3867	44	11	from	from	ADP
fsr-3867	44	12	the	the	DET
fsr-3867	44	13	individual	individual	NOUN
fsr-3867	44	14	to	to	ADP
fsr-3867	44	15	the	the	DET
fsr-3867	44	16	state	state	NOUN
fsr-3867	44	17	and	and	CCONJ
fsr-3867	44	18	the	the	DET
fsr-3867	44	19	extant	extant	ADJ
fsr-3867	44	20	surplus	surplus	NOUN
fsr-3867	44	21	framework	framework	NOUN
fsr-3867	44	22	literature	literature	NOUN
fsr-3867	44	23	is	be	AUX
fsr-3867	44	24	reviewed	review	VERB
fsr-3867	44	25	.	.	PUNCT
fsr-3867	45	1	the	the	DET
fsr-3867	45	2	surplus	surplus	ADJ
fsr-3867	45	3	framework	framework	NOUN
fsr-3867	45	4	model	model	NOUN
fsr-3867	45	5	is	be	AUX
fsr-3867	45	6	developed	develop	VERB
fsr-3867	45	7	in	in	ADP
fsr-3867	45	8	section	section	NOUN
fsr-3867	45	9	4	4	NUM
fsr-3867	45	10	.	.	PUNCT
fsr-3867	46	1	this	this	DET
fsr-3867	46	2	innovative	innovative	ADJ
fsr-3867	46	3	portfolio	portfolio	NOUN
fsr-3867	46	4	management	management	NOUN
fsr-3867	46	5	tool	tool	NOUN
fsr-3867	46	6	is	be	AUX
fsr-3867	46	7	further	far	ADV
fsr-3867	46	8	discussed	discuss	VERB
fsr-3867	46	9	by	by	ADP
fsr-3867	46	10	means	mean	NOUN
fsr-3867	46	11	of	of	ADP
fsr-3867	46	12	an	an	DET
fsr-3867	46	13	example	example	NOUN
fsr-3867	46	14	in	in	ADP
fsr-3867	46	15	section	section	NOUN
fsr-3867	46	16	5	5	NUM
fsr-3867	46	17	.	.	PUNCT
fsr-3867	46	18	section	section	NOUN
fsr-3867	46	19	6	6	NUM
fsr-3867	46	20	provides	provide	VERB
fsr-3867	46	21	concluding	conclude	VERB
fsr-3867	46	22	comments	comment	NOUN
fsr-3867	46	23	regarding	regard	VERB
fsr-3867	46	24	the	the	DET
fsr-3867	46	25	use	use	NOUN
fsr-3867	46	26	of	of	ADP
fsr-3867	46	27	u.s	u.s	PROPN
fsr-3867	46	28	.	.	PROPN
fsr-3867	46	29	258	258	NUM
fsr-3867	46	30	j.w	j.w	PROPN
fsr-3867	46	31	.	.	PROPN
fsr-3867	46	32	russell	russell	PROPN
fsr-3867	46	33	,	,	PUNCT
fsr-3867	46	34	r.	r.	PROPN
fsr-3867	46	35	brooks	brooks	PROPN
fsr-3867	46	36	/	/	SYM
fsr-3867	46	37	financial	financial	ADJ
fsr-3867	46	38	services	service	NOUN
fsr-3867	46	39	review	review	VERB
fsr-3867	46	40	7	7	NUM
fsr-3867	46	41	(	(	PUNCT
fsr-3867	46	42	1998	1998	NUM
fsr-3867	46	43	)	)	PUNCT
fsr-3867	46	44	257–271	257–271	NUM
fsr-3867	46	45	table	table	NOUN
fsr-3867	46	46	1	1	NUM
fsr-3867	46	47	college	college	NOUN
fsr-3867	46	48	plans	plan	NOUN
fsr-3867	46	49	by	by	ADP
fsr-3867	46	50	state	state	NOUN
fsr-3867	46	51	state	state	NOUN
fsr-3867	46	52	program	program	NOUN
fsr-3867	46	53	name	name	NOUN
fsr-3867	46	54	program	program	NOUN
fsr-3867	46	55	year	year	NOUN
fsr-3867	46	56	initiated	initiate	VERB
fsr-3867	46	57	alabama	alabama	PROPN
fsr-3867	46	58	prepaid	prepaid	PROPN
fsr-3867	46	59	affordable	affordable	ADJ
fsr-3867	46	60	college	college	NOUN
fsr-3867	46	61	tuition	tuition	NOUN
fsr-3867	46	62	(	(	PUNCT
fsr-3867	46	63	pact	pact	NOUN
fsr-3867	46	64	)	)	PUNCT
fsr-3867	46	65	prepaid	prepay	VERB
fsr-3867	46	66	plan	plan	NOUN
fsr-3867	46	67	1990	1990	NUM
fsr-3867	46	68	alaska	alaska	PROPN
fsr-3867	46	69	university	university	PROPN
fsr-3867	46	70	of	of	ADP
fsr-3867	46	71	alaska	alaska	PROPN
fsr-3867	46	72	advance	advance	PROPN
fsr-3867	46	73	college	college	PROPN
fsr-3867	46	74	tuition	tuition	NOUN
fsr-3867	46	75	payment	payment	NOUN
fsr-3867	46	76	plan	plan	NOUN
fsr-3867	46	77	prepaid	prepay	VERB
fsr-3867	46	78	plan	plan	NOUN
fsr-3867	46	79	1991	1991	NUM
fsr-3867	46	80	arizona	arizona	PROPN
fsr-3867	46	81	arizona	arizona	PROPN
fsr-3867	46	82	family	family	PROPN
fsr-3867	46	83	college	college	NOUN
fsr-3867	46	84	savings	saving	NOUN
fsr-3867	46	85	program	program	NOUN
fsr-3867	46	86	savings	saving	NOUN
fsr-3867	46	87	plan	plan	NOUN
fsr-3867	46	88	1998	1998	NUM
fsr-3867	46	89	arkansas	arkansas	PROPN
fsr-3867	46	90	arkansas	arkansas	PROPN
fsr-3867	46	91	college	college	PROPN
fsr-3867	46	92	savings	saving	NOUN
fsr-3867	46	93	bond	bond	NOUN
fsr-3867	46	94	obligation	obligation	NOUN
fsr-3867	46	95	bond	bond	NOUN
fsr-3867	46	96	program	program	NOUN
fsr-3867	46	97	1991	1991	NUM
fsr-3867	46	98	california	california	PROPN
fsr-3867	46	99	golden	golden	PROPN
fsr-3867	46	100	state	state	PROPN
fsr-3867	46	101	scholarship	scholarship	NOUN
fsr-3867	46	102	trust	trust	PROPN
fsr-3867	46	103	college	college	NOUN
fsr-3867	46	104	savings	saving	NOUN
fsr-3867	46	105	program	program	NOUN
fsr-3867	46	106	savings	saving	NOUN
fsr-3867	46	107	plan	plan	NOUN
fsr-3867	46	108	1998	1998	NUM
fsr-3867	46	109	colorado	colorado	PROPN
fsr-3867	46	110	colorado	colorado	PROPN
fsr-3867	46	111	prepaid	prepaid	PROPN
fsr-3867	46	112	tuition	tuition	PROPN
fsr-3867	46	113	fund	fund	PROPN
fsr-3867	46	114	prepaid	prepaid	PROPN
fsr-3867	46	115	plan	plan	NOUN
fsr-3867	46	116	1997	1997	NUM
fsr-3867	46	117	connecticut	connecticut	PROPN
fsr-3867	46	118	connecticut	connecticut	PROPN
fsr-3867	46	119	higher	high	ADJ
fsr-3867	46	120	education	education	PROPN
fsr-3867	46	121	trust	trust	PROPN
fsr-3867	46	122	(	(	PUNCT
fsr-3867	46	123	chet	chet	NOUN
fsr-3867	46	124	)	)	PUNCT
fsr-3867	46	125	savings	saving	NOUN
fsr-3867	46	126	plan	plan	NOUN
fsr-3867	46	127	1997	1997	NUM
fsr-3867	46	128	delaware	delaware	PROPN
fsr-3867	46	129	delaware	delaware	PROPN
fsr-3867	46	130	college	college	PROPN
fsr-3867	46	131	investment	investment	PROPN
fsr-3867	46	132	plan	plan	NOUN
fsr-3867	46	133	savings	saving	NOUN
fsr-3867	46	134	plan	plan	NOUN
fsr-3867	46	135	1998	1998	NUM
fsr-3867	46	136	florida	florida	PROPN
fsr-3867	46	137	florida	florida	PROPN
fsr-3867	46	138	prepaid	prepaid	PROPN
fsr-3867	46	139	college	college	PROPN
fsr-3867	46	140	program	program	NOUN
fsr-3867	46	141	prepaid	prepay	VERB
fsr-3867	46	142	plan	plan	NOUN
fsr-3867	46	143	1988	1988	NUM
fsr-3867	46	144	georgia	georgia	PROPN
fsr-3867	46	145	help	help	VERB
fsr-3867	46	146	outstanding	outstanding	ADJ
fsr-3867	46	147	pupils	pupil	NOUN
fsr-3867	46	148	educationally	educationally	ADV
fsr-3867	46	149	(	(	PUNCT
fsr-3867	46	150	hope	hope	NOUN
fsr-3867	46	151	)	)	PUNCT
fsr-3867	46	152	scholarship	scholarship	NOUN
fsr-3867	46	153	program	program	NOUN
fsr-3867	46	154	scholarship	scholarship	NOUN
fsr-3867	47	1	1993	1993	NUM
fsr-3867	47	2	illinois	illinois	PROPN
fsr-3867	47	3	illinois	illinois	PROPN
fsr-3867	47	4	prepaid	prepaid	PROPN
fsr-3867	47	5	tuition	tuition	NOUN
fsr-3867	47	6	plan	plan	VERB
fsr-3867	47	7	prepaid	prepay	VERB
fsr-3867	47	8	plan	plan	NOUN
fsr-3867	47	9	1998	1998	NUM
fsr-3867	47	10	indiana	indiana	PROPN
fsr-3867	47	11	indiana	indiana	PROPN
fsr-3867	47	12	family	family	PROPN
fsr-3867	47	13	college	college	NOUN
fsr-3867	47	14	savings	saving	NOUN
fsr-3867	47	15	plan	plan	NOUN
fsr-3867	47	16	and	and	CCONJ
fsr-3867	47	17	save	save	VERB
fsr-3867	47	18	indiana	indiana	PROPN
fsr-3867	47	19	savings	saving	NOUN
fsr-3867	47	20	plan	plan	NOUN
fsr-3867	47	21	1996	1996	NUM
fsr-3867	47	22	iowa	iowa	PROPN
fsr-3867	47	23	college	college	PROPN
fsr-3867	47	24	savings	savings	PROPN
fsr-3867	47	25	iowa	iowa	PROPN
fsr-3867	47	26	savings	saving	NOUN
fsr-3867	47	27	plan	plan	NOUN
fsr-3867	47	28	1998	1998	NUM
fsr-3867	47	29	kentucky	kentucky	PROPN
fsr-3867	47	30	kentucky	kentucky	PROPN
fsr-3867	47	31	educational	educational	PROPN
fsr-3867	47	32	savings	saving	NOUN
fsr-3867	47	33	plan	plan	PROPN
fsr-3867	47	34	trust	trust	NOUN
fsr-3867	47	35	savings	saving	NOUN
fsr-3867	47	36	plan	plan	NOUN
fsr-3867	47	37	1990	1990	NUM
fsr-3867	47	38	louisiana	louisiana	PROPN
fsr-3867	47	39	louisiana	louisiana	PROPN
fsr-3867	47	40	student	student	PROPN
fsr-3867	47	41	tuition	tuition	PROPN
fsr-3867	47	42	assistance	assistance	PROPN
fsr-3867	47	43	&	&	CCONJ
fsr-3867	47	44	revenue	revenue	PROPN
fsr-3867	47	45	trust	trust	PROPN
fsr-3867	47	46	program	program	NOUN
fsr-3867	47	47	savings	saving	NOUN
fsr-3867	47	48	plan	plan	NOUN
fsr-3867	47	49	1997	1997	NUM
fsr-3867	47	50	maryland	maryland	PROPN
fsr-3867	47	51	maryland	maryland	PROPN
fsr-3867	47	52	prepaid	prepaid	PROPN
fsr-3867	47	53	college	college	PROPN
fsr-3867	47	54	trust	trust	PROPN
fsr-3867	47	55	prepaid	prepay	VERB
fsr-3867	47	56	plan	plan	NOUN
fsr-3867	47	57	1998	1998	NUM
fsr-3867	47	58	massachusetts	massachusetts	PROPN
fsr-3867	47	59	u	u	NOUN
fsr-3867	47	60	-	-	NOUN
fsr-3867	47	61	plan	plan	VERB
fsr-3867	47	62	the	the	DET
fsr-3867	47	63	massachusetts	massachusetts	PROPN
fsr-3867	47	64	college	college	PROPN
fsr-3867	47	65	savings	saving	NOUN
fsr-3867	47	66	program	program	NOUN
fsr-3867	47	67	prepaid	prepay	VERB
fsr-3867	47	68	plan	plan	NOUN
fsr-3867	47	69	1995	1995	NUM
fsr-3867	47	70	michigan	michigan	PROPN
fsr-3867	47	71	michigan	michigan	PROPN
fsr-3867	47	72	education	education	PROPN
fsr-3867	47	73	trust	trust	PROPN
fsr-3867	47	74	prepaid	prepay	VERB
fsr-3867	47	75	plan	plan	NOUN
fsr-3867	47	76	1988	1988	NUM
fsr-3867	47	77	mississippi	mississippi	PROPN
fsr-3867	47	78	mississippi	mississippi	PROPN
fsr-3867	47	79	prepaid	prepaid	PROPN
fsr-3867	47	80	affordable	affordable	PROPN
fsr-3867	47	81	college	college	PROPN
fsr-3867	47	82	tuition	tuition	NOUN
fsr-3867	47	83	program	program	NOUN
fsr-3867	47	84	(	(	PUNCT
fsr-3867	47	85	mpact	mpact	PROPN
fsr-3867	47	86	)	)	PUNCT
fsr-3867	47	87	prepaid	prepay	VERB
fsr-3867	47	88	plan	plan	NOUN
fsr-3867	47	89	1997	1997	NUM
fsr-3867	47	90	missouri	missouri	PROPN
fsr-3867	47	91	missouri	missouri	PROPN
fsr-3867	47	92	higher	high	ADJ
fsr-3867	47	93	education	education	NOUN
fsr-3867	47	94	savings	saving	NOUN
fsr-3867	47	95	program	program	NOUN
fsr-3867	47	96	savings	saving	NOUN
fsr-3867	47	97	plan	plan	NOUN
fsr-3867	47	98	1998	1998	NUM
fsr-3867	47	99	nevada	nevada	PROPN
fsr-3867	47	100	nevada	nevada	PROPN
fsr-3867	47	101	prepaid	prepaid	PROPN
fsr-3867	47	102	tuition	tuition	PROPN
fsr-3867	47	103	program	program	NOUN
fsr-3867	47	104	prepaid	prepay	VERB
fsr-3867	47	105	plan	plan	NOUN
fsr-3867	47	106	1997	1997	NUM
fsr-3867	47	107	new	new	PROPN
fsr-3867	47	108	hampshire	hampshire	PROPN
fsr-3867	47	109	new	new	PROPN
fsr-3867	47	110	hampshire	hampshire	PROPN
fsr-3867	47	111	savings	saving	NOUN
fsr-3867	47	112	plan	plan	NOUN
fsr-3867	47	113	:	:	PUNCT
fsr-3867	47	114	unique	unique	ADJ
fsr-3867	47	115	college	college	NOUN
fsr-3867	47	116	investing	investing	NOUN
fsr-3867	47	117	plan	plan	NOUN
fsr-3867	47	118	savings	saving	NOUN
fsr-3867	47	119	plan	plan	NOUN
fsr-3867	47	120	1998	1998	NUM
fsr-3867	47	121	new	new	PROPN
fsr-3867	47	122	jersey	jersey	PROPN
fsr-3867	47	123	new	new	PROPN
fsr-3867	47	124	jersey	jersey	PROPN
fsr-3867	47	125	better	well	ADJ
fsr-3867	47	126	educational	educational	ADJ
fsr-3867	47	127	savings	saving	NOUN
fsr-3867	47	128	trust	trust	NOUN
fsr-3867	47	129	savings	saving	NOUN
fsr-3867	47	130	plan	plan	NOUN
fsr-3867	47	131	1997	1997	NUM
fsr-3867	47	132	new	new	PROPN
fsr-3867	47	133	york	york	PROPN
fsr-3867	47	134	new	new	PROPN
fsr-3867	47	135	york	york	PROPN
fsr-3867	47	136	state	state	PROPN
fsr-3867	47	137	college	college	PROPN
fsr-3867	47	138	choice	choice	NOUN
fsr-3867	47	139	tuition	tuition	NOUN
fsr-3867	47	140	savings	saving	NOUN
fsr-3867	47	141	program	program	NOUN
fsr-3867	47	142	savings	saving	NOUN
fsr-3867	47	143	plan	plan	NOUN
fsr-3867	47	144	1997	1997	NUM
fsr-3867	47	145	north	north	PROPN
fsr-3867	47	146	carolina	carolina	PROPN
fsr-3867	47	147	college	college	PROPN
fsr-3867	47	148	vision	vision	PROPN
fsr-3867	47	149	fund	fund	PROPN
fsr-3867	47	150	savings	saving	NOUN
fsr-3867	47	151	plan	plan	NOUN
fsr-3867	47	152	1996	1996	NUM
fsr-3867	47	153	ohio	ohio	PROPN
fsr-3867	47	154	ohio	ohio	PROPN
fsr-3867	47	155	prepaid	prepaid	PROPN
fsr-3867	47	156	tuition	tuition	PROPN
fsr-3867	47	157	program	program	NOUN
fsr-3867	47	158	prepaid	prepay	VERB
fsr-3867	47	159	plan	plan	NOUN
fsr-3867	47	160	1989	1989	NUM
fsr-3867	47	161	oklahoma	oklahoma	PROPN
fsr-3867	47	162	oklahoma	oklahoma	PROPN
fsr-3867	47	163	college	college	PROPN
fsr-3867	47	164	savings	saving	NOUN
fsr-3867	47	165	plan	plan	NOUN
fsr-3867	47	166	savings	saving	NOUN
fsr-3867	47	167	plan	plan	NOUN
fsr-3867	47	168	1998	1998	NUM
fsr-3867	47	169	pennsylvania	pennsylvania	PROPN
fsr-3867	47	170	pennsylvania	pennsylvania	PROPN
fsr-3867	47	171	tuition	tuition	PROPN
fsr-3867	47	172	account	account	PROPN
fsr-3867	47	173	program	program	NOUN
fsr-3867	47	174	prepaid	prepay	VERB
fsr-3867	47	175	plan	plan	NOUN
fsr-3867	47	176	1993	1993	NUM
fsr-3867	47	177	rhode	rhode	PROPN
fsr-3867	47	178	island	island	PROPN
fsr-3867	47	179	rhode	rhode	PROPN
fsr-3867	47	180	island	island	PROPN
fsr-3867	47	181	higher	high	ADJ
fsr-3867	47	182	education	education	NOUN
fsr-3867	47	183	savings	saving	NOUN
fsr-3867	47	184	trust	trust	NOUN
fsr-3867	47	185	savings	saving	NOUN
fsr-3867	47	186	plan	plan	NOUN
fsr-3867	47	187	1998	1998	NUM
fsr-3867	47	188	south	south	PROPN
fsr-3867	47	189	carolina	carolina	PROPN
fsr-3867	47	190	south	south	PROPN
fsr-3867	47	191	carolina	carolina	PROPN
fsr-3867	47	192	tuition	tuition	PROPN
fsr-3867	47	193	prepayment	prepayment	PROPN
fsr-3867	47	194	program	program	NOUN
fsr-3867	47	195	prepaid	prepay	VERB
fsr-3867	47	196	plan	plan	NOUN
fsr-3867	47	197	1997	1997	NUM
fsr-3867	47	198	tennessee	tennessee	PROPN
fsr-3867	47	199	baccalaureate	baccalaureate	NOUN
fsr-3867	47	200	education	education	NOUN
fsr-3867	47	201	system	system	NOUN
fsr-3867	47	202	trust	trust	NOUN
fsr-3867	47	203	(	(	PUNCT
fsr-3867	47	204	best	good	ADJ
fsr-3867	47	205	)	)	PUNCT
fsr-3867	47	206	prepaid	prepay	VERB
fsr-3867	47	207	plan	plan	NOUN
fsr-3867	47	208	1996	1996	NUM
fsr-3867	47	209	texas	texas	PROPN
fsr-3867	47	210	texas	texas	PROPN
fsr-3867	47	211	prepaid	prepay	VERB
fsr-3867	47	212	higher	high	ADJ
fsr-3867	47	213	education	education	NOUN
fsr-3867	47	214	tuition	tuition	NOUN
fsr-3867	47	215	program	program	NOUN
fsr-3867	47	216	(	(	PUNCT
fsr-3867	47	217	tomorrow	tomorrow	NOUN
fsr-3867	47	218	)	)	PUNCT
fsr-3867	47	219	prepaid	prepay	VERB
fsr-3867	47	220	plan	plan	NOUN
fsr-3867	47	221	1996	1996	NUM
fsr-3867	47	222	utah	utah	PROPN
fsr-3867	47	223	utah	utah	PROPN
fsr-3867	47	224	educational	educational	ADJ
fsr-3867	47	225	savings	saving	NOUN
fsr-3867	47	226	plan	plan	PROPN
fsr-3867	47	227	trust	trust	NOUN
fsr-3867	47	228	savings	saving	NOUN
fsr-3867	47	229	plan	plan	NOUN
fsr-3867	47	230	1996	1996	NUM
fsr-3867	47	231	vermont	vermont	PROPN
fsr-3867	47	232	vermont	vermont	PROPN
fsr-3867	47	233	higher	high	ADJ
fsr-3867	47	234	education	education	NOUN
fsr-3867	47	235	savings	saving	NOUN
fsr-3867	47	236	plan	plan	NOUN
fsr-3867	47	237	savings	saving	NOUN
fsr-3867	47	238	plan	plan	NOUN
fsr-3867	47	239	1999	1999	NUM
fsr-3867	47	240	virginia	virginia	PROPN
fsr-3867	47	241	virginia	virginia	PROPN
fsr-3867	47	242	prepaid	prepaid	PROPN
fsr-3867	47	243	education	education	NOUN
fsr-3867	47	244	program	program	NOUN
fsr-3867	47	245	(	(	PUNCT
fsr-3867	47	246	vpep	vpep	NOUN
fsr-3867	47	247	)	)	PUNCT
fsr-3867	47	248	prepaid	prepay	VERB
fsr-3867	47	249	plan	plan	NOUN
fsr-3867	47	250	1996	1996	NUM
fsr-3867	47	251	washington	washington	PROPN
fsr-3867	47	252	guaranteed	guarantee	VERB
fsr-3867	47	253	education	education	NOUN
fsr-3867	47	254	tuition	tuition	NOUN
fsr-3867	47	255	prepaid	prepay	VERB
fsr-3867	47	256	plan	plan	NOUN
fsr-3867	47	257	1997	1997	NUM
fsr-3867	47	258	west	west	PROPN
fsr-3867	47	259	virginia	virginia	PROPN
fsr-3867	47	260	west	west	PROPN
fsr-3867	47	261	virginia	virginia	PROPN
fsr-3867	48	1	prepaid	prepaid	PROPN
fsr-3867	48	2	college	college	PROPN
fsr-3867	48	3	plan	plan	NOUN
fsr-3867	48	4	prepaid	prepay	VERB
fsr-3867	48	5	plan	plan	NOUN
fsr-3867	48	6	1998	1998	NUM
fsr-3867	48	7	wisconsin	wisconsin	PROPN
fsr-3867	48	8	edvest	edvest	PROPN
fsr-3867	48	9	wisconsin	wisconsin	PROPN
fsr-3867	48	10	(	(	PUNCT
fsr-3867	48	11	wisconsin	wisconsin	PROPN
fsr-3867	48	12	education	education	PROPN
fsr-3867	48	13	investment	investment	NOUN
fsr-3867	48	14	program	program	NOUN
fsr-3867	48	15	)	)	PUNCT
fsr-3867	48	16	prepaid	prepay	VERB
fsr-3867	48	17	plan	plan	NOUN
fsr-3867	48	18	1997	1997	NUM
fsr-3867	48	19	wyoming	wyoming	NOUN
fsr-3867	48	20	advance	advance	NOUN
fsr-3867	48	21	payment	payment	NOUN
fsr-3867	48	22	of	of	ADP
fsr-3867	48	23	higher	high	ADJ
fsr-3867	48	24	education	education	NOUN
fsr-3867	48	25	costs	cost	NOUN
fsr-3867	48	26	program	program	NOUN
fsr-3867	48	27	*	*	PUNCT
fsr-3867	48	28	prepaid	prepay	VERB
fsr-3867	48	29	plan	plan	NOUN
fsr-3867	48	30	1987	1987	NUM
fsr-3867	48	31	sources	source	NOUN
fsr-3867	48	32	:	:	PUNCT
fsr-3867	48	33	college	college	NOUN
fsr-3867	48	34	savings	saving	NOUN
fsr-3867	48	35	plan	plan	NOUN
fsr-3867	48	36	network	network	NOUN
fsr-3867	48	37	and	and	CCONJ
fsr-3867	48	38	national	national	PROPN
fsr-3867	48	39	association	association	PROPN
fsr-3867	48	40	of	of	ADP
fsr-3867	48	41	state	state	PROPN
fsr-3867	48	42	treasurers	treasurer	NOUN
fsr-3867	48	43	(	(	PUNCT
fsr-3867	48	44	1998	1998	NUM
fsr-3867	48	45	)	)	PUNCT
fsr-3867	48	46	.	.	PUNCT
fsr-3867	49	1	*	*	PUNCT
fsr-3867	49	2	the	the	DET
fsr-3867	49	3	program	program	NOUN
fsr-3867	49	4	was	be	AUX
fsr-3867	49	5	suspended	suspend	VERB
fsr-3867	49	6	in	in	ADP
fsr-3867	49	7	1995	1995	NUM
fsr-3867	49	8	due	due	ADP
fsr-3867	49	9	to	to	ADP
fsr-3867	49	10	lack	lack	NOUN
fsr-3867	49	11	of	of	ADP
fsr-3867	49	12	participation	participation	NOUN
fsr-3867	49	13	.	.	PUNCT
fsr-3867	50	1	all	all	DET
fsr-3867	50	2	contracts	contract	NOUN
fsr-3867	50	3	sold	sell	VERB
fsr-3867	50	4	during	during	ADP
fsr-3867	50	5	the	the	DET
fsr-3867	50	6	program	program	NOUN
fsr-3867	50	7	’s	’s	PART
fsr-3867	50	8	lifetime	lifetime	NOUN
fsr-3867	50	9	are	be	AUX
fsr-3867	50	10	being	be	AUX
fsr-3867	50	11	honored	honor	VERB
fsr-3867	50	12	by	by	ADP
fsr-3867	50	13	the	the	DET
fsr-3867	50	14	state	state	NOUN
fsr-3867	50	15	of	of	ADP
fsr-3867	50	16	wyoming	wyoming	PROPN
fsr-3867	50	17	.	.	PUNCT
fsr-3867	51	1	259j.w	259j.w	PROPN
fsr-3867	51	2	.	.	PUNCT
fsr-3867	52	1	russell	russell	PROPN
fsr-3867	52	2	,	,	PUNCT
fsr-3867	52	3	r.	r.	PROPN
fsr-3867	52	4	brooks	brooks	PROPN
fsr-3867	52	5	/	/	SYM
fsr-3867	52	6	financial	financial	ADJ
fsr-3867	52	7	services	service	NOUN
fsr-3867	52	8	review	review	VERB
fsr-3867	52	9	7	7	NUM
fsr-3867	52	10	(	(	PUNCT
fsr-3867	52	11	1998	1998	NUM
fsr-3867	52	12	)	)	PUNCT
fsr-3867	52	13	257–271	257–271	NUM
fsr-3867	52	14	treasury	treasury	NOUN
fsr-3867	52	15	inflation	inflation	NOUN
fsr-3867	52	16	-	-	PUNCT
fsr-3867	52	17	indexed	index	VERB
fsr-3867	52	18	securities	security	NOUN
fsr-3867	52	19	to	to	PART
fsr-3867	52	20	assist	assist	VERB
fsr-3867	52	21	plan	plan	NOUN
fsr-3867	52	22	administrators	administrator	NOUN
fsr-3867	52	23	or	or	CCONJ
fsr-3867	52	24	individuals	individual	NOUN
fsr-3867	52	25	in	in	ADP
fsr-3867	52	26	the	the	DET
fsr-3867	52	27	management	management	NOUN
fsr-3867	52	28	of	of	ADP
fsr-3867	52	29	tuition	tuition	NOUN
fsr-3867	52	30	inflation	inflation	NOUN
fsr-3867	52	31	.	.	PUNCT
fsr-3867	53	1	2	2	X
fsr-3867	53	2	.	.	X
fsr-3867	53	3	prepaid	prepay	VERB
fsr-3867	53	4	college	college	NOUN
fsr-3867	53	5	tuition	tuition	NOUN
fsr-3867	53	6	plans	plan	NOUN
fsr-3867	53	7	during	during	ADP
fsr-3867	53	8	the	the	DET
fsr-3867	53	9	past	past	ADJ
fsr-3867	53	10	few	few	ADJ
fsr-3867	53	11	years	year	NOUN
fsr-3867	53	12	,	,	PUNCT
fsr-3867	53	13	prepaid	prepaid	ADJ
fsr-3867	53	14	college	college	NOUN
fsr-3867	53	15	tuition	tuition	NOUN
fsr-3867	53	16	plans	plan	NOUN
fsr-3867	53	17	have	have	AUX
fsr-3867	53	18	been	be	AUX
fsr-3867	53	19	gaining	gain	VERB
fsr-3867	53	20	in	in	ADP
fsr-3867	53	21	popularity	popularity	NOUN
fsr-3867	53	22	.	.	PUNCT
fsr-3867	54	1	michigan	michigan	PROPN
fsr-3867	54	2	was	be	AUX
fsr-3867	54	3	the	the	DET
fsr-3867	54	4	first	first	ADJ
fsr-3867	54	5	state	state	NOUN
fsr-3867	54	6	to	to	PART
fsr-3867	54	7	initiate	initiate	VERB
fsr-3867	54	8	a	a	DET
fsr-3867	54	9	plan	plan	NOUN
fsr-3867	54	10	,	,	PUNCT
fsr-3867	54	11	and	and	CCONJ
fsr-3867	54	12	florida	florida	PROPN
fsr-3867	54	13	’s	’s	PART
fsr-3867	54	14	is	be	AUX
fsr-3867	54	15	now	now	ADV
fsr-3867	54	16	the	the	DET
fsr-3867	54	17	largest	large	ADJ
fsr-3867	54	18	.	.	PUNCT
fsr-3867	55	1	the	the	DET
fsr-3867	55	2	basic	basic	ADJ
fsr-3867	55	3	idea	idea	NOUN
fsr-3867	55	4	behind	behind	ADP
fsr-3867	55	5	the	the	DET
fsr-3867	55	6	plan	plan	NOUN
fsr-3867	55	7	is	be	AUX
fsr-3867	55	8	to	to	PART
fsr-3867	55	9	allow	allow	VERB
fsr-3867	55	10	residents	resident	NOUN
fsr-3867	55	11	to	to	PART
fsr-3867	55	12	purchase	purchase	VERB
fsr-3867	55	13	college	college	NOUN
fsr-3867	55	14	tuition	tuition	NOUN
fsr-3867	55	15	for	for	ADP
fsr-3867	55	16	subsequent	subsequent	ADJ
fsr-3867	55	17	use	use	NOUN
fsr-3867	55	18	at	at	ADP
fsr-3867	55	19	roughly	roughly	ADV
fsr-3867	55	20	today	today	NOUN
fsr-3867	55	21	’s	’s	PART
fsr-3867	55	22	price	price	NOUN
fsr-3867	55	23	.	.	PUNCT
fsr-3867	56	1	in	in	ADP
fsr-3867	56	2	this	this	DET
fsr-3867	56	3	manner	manner	NOUN
fsr-3867	56	4	,	,	PUNCT
fsr-3867	56	5	the	the	DET
fsr-3867	56	6	individual	individual	NOUN
fsr-3867	56	7	will	will	AUX
fsr-3867	56	8	not	not	PART
fsr-3867	56	9	be	be	AUX
fsr-3867	56	10	exposed	expose	VERB
fsr-3867	56	11	to	to	ADP
fsr-3867	56	12	tuition	tuition	NOUN
fsr-3867	56	13	inflation	inflation	NOUN
fsr-3867	56	14	.	.	PUNCT
fsr-3867	57	1	states	state	NOUN
fsr-3867	57	2	offer	offer	VERB
fsr-3867	57	3	the	the	DET
fsr-3867	57	4	plans	plan	NOUN
fsr-3867	57	5	to	to	ADP
fsr-3867	57	6	residents	resident	NOUN
fsr-3867	57	7	and	and	CCONJ
fsr-3867	57	8	allow	allow	VERB
fsr-3867	57	9	for	for	ADP
fsr-3867	57	10	a	a	DET
fsr-3867	57	11	variety	variety	NOUN
fsr-3867	57	12	of	of	ADP
fsr-3867	57	13	options	option	NOUN
fsr-3867	57	14	and	and	CCONJ
fsr-3867	57	15	differing	differ	VERB
fsr-3867	57	16	degrees	degree	NOUN
fsr-3867	57	17	of	of	ADP
fsr-3867	57	18	fig	fig	NOUN
fsr-3867	57	19	.	.	PUNCT
fsr-3867	58	1	1	1	X
fsr-3867	58	2	.	.	X
fsr-3867	58	3	state	state	PROPN
fsr-3867	58	4	college	college	NOUN
fsr-3867	58	5	tuition	tuition	NOUN
fsr-3867	58	6	plans	plan	NOUN
fsr-3867	58	7	.	.	PUNCT
fsr-3867	59	1	sources	source	NOUN
fsr-3867	59	2	:	:	PUNCT
fsr-3867	59	3	college	college	NOUN
fsr-3867	59	4	savings	saving	NOUN
fsr-3867	59	5	plan	plan	NOUN
fsr-3867	59	6	network	network	NOUN
fsr-3867	59	7	and	and	CCONJ
fsr-3867	59	8	national	national	PROPN
fsr-3867	59	9	association	association	PROPN
fsr-3867	59	10	of	of	ADP
fsr-3867	59	11	state	state	NOUN
fsr-3867	59	12	treasures	treasure	NOUN
fsr-3867	59	13	(	(	PUNCT
fsr-3867	59	14	1998	1998	NUM
fsr-3867	59	15	)	)	PUNCT
fsr-3867	59	16	.	.	PUNCT
fsr-3867	60	1	260	260	NUM
fsr-3867	60	2	j.w	j.w	PROPN
fsr-3867	60	3	.	.	PROPN
fsr-3867	60	4	russell	russell	PROPN
fsr-3867	60	5	,	,	PUNCT
fsr-3867	60	6	r.	r.	PROPN
fsr-3867	60	7	brooks	brooks	PROPN
fsr-3867	60	8	/	/	SYM
fsr-3867	60	9	financial	financial	ADJ
fsr-3867	60	10	services	service	NOUN
fsr-3867	60	11	review	review	VERB
fsr-3867	60	12	7	7	NUM
fsr-3867	60	13	(	(	PUNCT
fsr-3867	60	14	1998	1998	NUM
fsr-3867	60	15	)	)	PUNCT
fsr-3867	60	16	257–271	257–271	NUM
fsr-3867	60	17	flexibility	flexibility	NOUN
fsr-3867	60	18	.	.	PUNCT
fsr-3867	61	1	particular	particular	ADJ
fsr-3867	61	2	plans	plan	NOUN
fsr-3867	61	3	are	be	AUX
fsr-3867	61	4	portable	portable	ADJ
fsr-3867	61	5	and	and	CCONJ
fsr-3867	61	6	allow	allow	VERB
fsr-3867	61	7	the	the	DET
fsr-3867	61	8	recipient	recipient	NOUN
fsr-3867	61	9	to	to	PART
fsr-3867	61	10	attend	attend	VERB
fsr-3867	61	11	any	any	DET
fsr-3867	61	12	accredited	accredited	ADJ
fsr-3867	61	13	college	college	NOUN
fsr-3867	61	14	in	in	ADP
fsr-3867	61	15	the	the	DET
fsr-3867	61	16	country	country	NOUN
fsr-3867	61	17	while	while	SCONJ
fsr-3867	61	18	some	some	PRON
fsr-3867	61	19	allow	allow	VERB
fsr-3867	61	20	for	for	ADP
fsr-3867	61	21	partial	partial	ADJ
fsr-3867	61	22	payment	payment	NOUN
fsr-3867	61	23	at	at	ADP
fsr-3867	61	24	private	private	ADJ
fsr-3867	61	25	colleges	college	NOUN
fsr-3867	61	26	.	.	PUNCT
fsr-3867	62	1	several	several	ADJ
fsr-3867	62	2	states	state	NOUN
fsr-3867	62	3	allow	allow	VERB
fsr-3867	62	4	the	the	DET
fsr-3867	62	5	plans	plan	NOUN
fsr-3867	62	6	to	to	PART
fsr-3867	62	7	be	be	AUX
fsr-3867	62	8	transferred	transfer	VERB
fsr-3867	62	9	to	to	ADP
fsr-3867	62	10	other	other	ADJ
fsr-3867	62	11	members	member	NOUN
fsr-3867	62	12	of	of	ADP
fsr-3867	62	13	the	the	DET
fsr-3867	62	14	family	family	NOUN
fsr-3867	62	15	.	.	PUNCT
fsr-3867	63	1	there	there	PRON
fsr-3867	63	2	are	be	VERB
fsr-3867	63	3	severe	severe	ADJ
fsr-3867	63	4	restrictions	restriction	NOUN
fsr-3867	63	5	with	with	ADP
fsr-3867	63	6	a	a	DET
fsr-3867	63	7	few	few	ADJ
fsr-3867	63	8	of	of	ADP
fsr-3867	63	9	the	the	DET
fsr-3867	63	10	plans	plan	NOUN
fsr-3867	63	11	.	.	PUNCT
fsr-3867	64	1	for	for	ADP
fsr-3867	64	2	instance	instance	NOUN
fsr-3867	64	3	,	,	PUNCT
fsr-3867	64	4	suppose	suppose	VERB
fsr-3867	64	5	a	a	DET
fsr-3867	64	6	child	child	NOUN
fsr-3867	64	7	decides	decide	VERB
fsr-3867	64	8	not	not	PART
fsr-3867	64	9	to	to	PART
fsr-3867	64	10	attend	attend	VERB
fsr-3867	64	11	college	college	NOUN
fsr-3867	64	12	or	or	CCONJ
fsr-3867	64	13	does	do	AUX
fsr-3867	64	14	not	not	PART
fsr-3867	64	15	qualify	qualify	VERB
fsr-3867	64	16	academically	academically	ADV
fsr-3867	64	17	.	.	PUNCT
fsr-3867	65	1	some	some	PRON
fsr-3867	65	2	of	of	ADP
fsr-3867	65	3	the	the	DET
fsr-3867	65	4	money	money	NOUN
fsr-3867	65	5	that	that	PRON
fsr-3867	65	6	has	have	AUX
fsr-3867	65	7	been	be	AUX
fsr-3867	65	8	invested	invest	VERB
fsr-3867	65	9	may	may	AUX
fsr-3867	65	10	be	be	AUX
fsr-3867	65	11	forfeited	forfeit	VERB
fsr-3867	65	12	.	.	PUNCT
fsr-3867	66	1	other	other	ADJ
fsr-3867	66	2	plans	plan	NOUN
fsr-3867	66	3	will	will	AUX
fsr-3867	66	4	refund	refund	VERB
fsr-3867	66	5	the	the	DET
fsr-3867	66	6	invested	invest	VERB
fsr-3867	66	7	money	money	NOUN
fsr-3867	66	8	,	,	PUNCT
fsr-3867	66	9	either	either	CCONJ
fsr-3867	66	10	without	without	ADP
fsr-3867	66	11	interest	interest	NOUN
fsr-3867	66	12	or	or	CCONJ
fsr-3867	66	13	with	with	ADP
fsr-3867	66	14	a	a	DET
fsr-3867	66	15	very	very	ADV
fsr-3867	66	16	modest	modest	ADJ
fsr-3867	66	17	amount	amount	NOUN
fsr-3867	66	18	of	of	ADP
fsr-3867	66	19	interest	interest	NOUN
fsr-3867	66	20	.	.	PUNCT
fsr-3867	67	1	individuals	individual	NOUN
fsr-3867	67	2	find	find	VERB
fsr-3867	67	3	it	it	PRON
fsr-3867	67	4	appealing	appealing	ADJ
fsr-3867	67	5	to	to	PART
fsr-3867	67	6	eliminate	eliminate	VERB
fsr-3867	67	7	the	the	DET
fsr-3867	67	8	uncertainty	uncertainty	NOUN
fsr-3867	67	9	associated	associate	VERB
fsr-3867	67	10	with	with	ADP
fsr-3867	67	11	future	future	ADJ
fsr-3867	67	12	college	college	NOUN
fsr-3867	67	13	tuition	tuition	NOUN
fsr-3867	67	14	prices	price	NOUN
fsr-3867	67	15	.	.	PUNCT
fsr-3867	68	1	using	use	VERB
fsr-3867	68	2	the	the	DET
fsr-3867	68	3	prepaid	prepaid	ADJ
fsr-3867	68	4	plans	plan	NOUN
fsr-3867	68	5	,	,	PUNCT
fsr-3867	68	6	tuition	tuition	NOUN
fsr-3867	68	7	inflation	inflation	NOUN
fsr-3867	68	8	risk	risk	NOUN
fsr-3867	68	9	is	be	AUX
fsr-3867	68	10	passed	pass	VERB
fsr-3867	68	11	on	on	ADP
fsr-3867	68	12	to	to	ADP
fsr-3867	68	13	states	state	NOUN
fsr-3867	68	14	or	or	CCONJ
fsr-3867	68	15	others	other	NOUN
fsr-3867	68	16	parties	party	NOUN
fsr-3867	68	17	that	that	PRON
fsr-3867	68	18	ultimately	ultimately	ADV
fsr-3867	68	19	guarantee	guarantee	VERB
fsr-3867	68	20	the	the	DET
fsr-3867	68	21	plans	plan	NOUN
fsr-3867	68	22	.	.	PUNCT
fsr-3867	69	1	figure	figure	NOUN
fsr-3867	69	2	2	2	NUM
fsr-3867	69	3	illustrates	illustrate	VERB
fsr-3867	69	4	a	a	DET
fsr-3867	69	5	reason	reason	NOUN
fsr-3867	69	6	for	for	ADP
fsr-3867	69	7	the	the	DET
fsr-3867	69	8	plans	plan	NOUN
fsr-3867	69	9	’	'	PUNCT
fsr-3867	69	10	popularity	popularity	NOUN
fsr-3867	69	11	.	.	PUNCT
fsr-3867	70	1	this	this	DET
fsr-3867	70	2	figure	figure	NOUN
fsr-3867	70	3	shows	show	VERB
fsr-3867	70	4	that	that	SCONJ
fsr-3867	70	5	tuition	tuition	NOUN
fsr-3867	70	6	prices	price	NOUN
fsr-3867	70	7	have	have	AUX
fsr-3867	70	8	increased	increase	VERB
fsr-3867	70	9	at	at	ADP
fsr-3867	70	10	a	a	DET
fsr-3867	70	11	much	much	ADV
fsr-3867	70	12	higher	high	ADJ
fsr-3867	70	13	rate	rate	NOUN
fsr-3867	70	14	than	than	ADP
fsr-3867	70	15	the	the	DET
fsr-3867	70	16	general	general	ADJ
fsr-3867	70	17	level	level	NOUN
fsr-3867	70	18	of	of	ADP
fsr-3867	70	19	prices	price	NOUN
fsr-3867	70	20	.	.	PUNCT
fsr-3867	71	1	families	family	NOUN
fsr-3867	71	2	saving	save	VERB
fsr-3867	71	3	for	for	ADP
fsr-3867	71	4	college	college	NOUN
fsr-3867	71	5	realize	realize	VERB
fsr-3867	71	6	that	that	SCONJ
fsr-3867	71	7	tuition	tuition	NOUN
fsr-3867	71	8	costs	cost	NOUN
fsr-3867	71	9	are	be	AUX
fsr-3867	71	10	escalating	escalate	VERB
fsr-3867	71	11	and	and	CCONJ
fsr-3867	71	12	that	that	SCONJ
fsr-3867	71	13	the	the	DET
fsr-3867	71	14	prepaid	prepaid	ADJ
fsr-3867	71	15	college	college	NOUN
fsr-3867	71	16	tuition	tuition	NOUN
fsr-3867	71	17	plans	plan	NOUN
fsr-3867	71	18	provide	provide	VERB
fsr-3867	71	19	more	more	ADJ
fsr-3867	71	20	certainty	certainty	NOUN
fsr-3867	71	21	regarding	regard	VERB
fsr-3867	71	22	long	long	ADJ
fsr-3867	71	23	-	-	PUNCT
fsr-3867	71	24	term	term	NOUN
fsr-3867	71	25	planning	planning	NOUN
fsr-3867	71	26	.	.	PUNCT
fsr-3867	72	1	families	family	NOUN
fsr-3867	72	2	can	can	AUX
fsr-3867	72	3	essentially	essentially	ADV
fsr-3867	72	4	pay	pay	VERB
fsr-3867	72	5	for	for	ADP
fsr-3867	72	6	college	college	NOUN
fsr-3867	72	7	at	at	ADP
fsr-3867	72	8	today	today	NOUN
fsr-3867	72	9	’s	’s	PART
fsr-3867	72	10	prices	price	NOUN
fsr-3867	72	11	and	and	CCONJ
fsr-3867	72	12	receive	receive	VERB
fsr-3867	72	13	an	an	DET
fsr-3867	72	14	assurance	assurance	NOUN
fsr-3867	72	15	from	from	ADP
fsr-3867	72	16	the	the	DET
fsr-3867	72	17	state	state	NOUN
fsr-3867	72	18	that	that	SCONJ
fsr-3867	72	19	tuition	tuition	NOUN
fsr-3867	72	20	will	will	AUX
fsr-3867	72	21	be	be	AUX
fsr-3867	72	22	covered	cover	VERB
fsr-3867	72	23	when	when	SCONJ
fsr-3867	72	24	the	the	DET
fsr-3867	72	25	child	child	NOUN
fsr-3867	72	26	is	be	AUX
fsr-3867	72	27	ready	ready	ADJ
fsr-3867	72	28	to	to	PART
fsr-3867	72	29	attend	attend	VERB
fsr-3867	72	30	college	college	NOUN
fsr-3867	72	31	.	.	PUNCT
fsr-3867	73	1	a	a	DET
fsr-3867	73	2	few	few	ADJ
fsr-3867	73	3	states	state	NOUN
fsr-3867	73	4	have	have	AUX
fsr-3867	73	5	even	even	ADV
fsr-3867	73	6	discussed	discuss	VERB
fsr-3867	73	7	a	a	DET
fsr-3867	73	8	prepaid	prepaid	ADJ
fsr-3867	73	9	room	room	NOUN
fsr-3867	73	10	and	and	CCONJ
fsr-3867	73	11	board	board	NOUN
fsr-3867	73	12	feature	feature	NOUN
fsr-3867	73	13	to	to	PART
fsr-3867	73	14	allow	allow	VERB
fsr-3867	73	15	for	for	ADP
fsr-3867	73	16	even	even	ADV
fsr-3867	73	17	more	more	ADJ
fsr-3867	73	18	certainty	certainty	NOUN
fsr-3867	73	19	regarding	regard	VERB
fsr-3867	73	20	the	the	DET
fsr-3867	73	21	financial	financial	ADJ
fsr-3867	73	22	obligation	obligation	NOUN
fsr-3867	73	23	of	of	ADP
fsr-3867	73	24	the	the	DET
fsr-3867	73	25	family	family	NOUN
fsr-3867	73	26	.	.	PUNCT
fsr-3867	74	1	fowler	fowler	PROPN
fsr-3867	74	2	(	(	PUNCT
fsr-3867	74	3	1998	1998	NUM
fsr-3867	74	4	)	)	PUNCT
fsr-3867	74	5	examines	examine	VERB
fsr-3867	74	6	public	public	ADJ
fsr-3867	74	7	school	school	NOUN
fsr-3867	74	8	inflation	inflation	NOUN
fsr-3867	74	9	in	in	ADP
fsr-3867	74	10	detail	detail	NOUN
fsr-3867	74	11	.	.	PUNCT
fsr-3867	75	1	as	as	SCONJ
fsr-3867	75	2	noted	note	VERB
fsr-3867	75	3	in	in	ADP
fsr-3867	75	4	table	table	NOUN
fsr-3867	75	5	1	1	NUM
fsr-3867	75	6	and	and	CCONJ
fsr-3867	75	7	fig	fig	NOUN
fsr-3867	75	8	.	.	PUNCT
fsr-3867	76	1	1	1	NUM
fsr-3867	76	2	,	,	PUNCT
fsr-3867	76	3	some	some	DET
fsr-3867	76	4	states	state	NOUN
fsr-3867	76	5	have	have	AUX
fsr-3867	76	6	opted	opt	VERB
fsr-3867	76	7	for	for	ADP
fsr-3867	76	8	savings	saving	NOUN
fsr-3867	76	9	plans	plan	NOUN
fsr-3867	76	10	rather	rather	ADV
fsr-3867	76	11	than	than	ADP
fsr-3867	76	12	prepaid	prepay	VERB
fsr-3867	76	13	tuition	tuition	NOUN
fsr-3867	76	14	plans	plan	NOUN
fsr-3867	76	15	.	.	PUNCT
fsr-3867	77	1	college	college	NOUN
fsr-3867	77	2	saving	save	VERB
fsr-3867	77	3	alternatives	alternative	NOUN
fsr-3867	77	4	vary	vary	VERB
fsr-3867	77	5	from	from	ADP
fsr-3867	77	6	tax	tax	NOUN
fsr-3867	77	7	-	-	PUNCT
fsr-3867	77	8	advantaged	advantaged	ADJ
fsr-3867	77	9	bonds	bond	NOUN
fsr-3867	77	10	,	,	PUNCT
fsr-3867	77	11	typically	typically	ADV
fsr-3867	77	12	fig	fig	NOUN
fsr-3867	77	13	.	.	PUNCT
fsr-3867	78	1	2	2	X
fsr-3867	78	2	.	.	X
fsr-3867	78	3	college	college	NOUN
fsr-3867	78	4	tuition	tuition	NOUN
fsr-3867	78	5	and	and	CCONJ
fsr-3867	78	6	cpi	cpi	NOUN
fsr-3867	78	7	19835	19835	NUM
fsr-3867	78	8	1	1	NUM
fsr-3867	78	9	.	.	PUNCT
fsr-3867	79	1	source	source	NOUN
fsr-3867	79	2	:	:	PUNCT
fsr-3867	79	3	dri	dri	PROPN
fsr-3867	79	4	:	:	PUNCT
fsr-3867	79	5	standard	standard	PROPN
fsr-3867	79	6	&	&	CCONJ
fsr-3867	79	7	poors	poor	NOUN
fsr-3867	79	8	.	.	PUNCT
fsr-3867	80	1	261j.w	261j.w	X
fsr-3867	80	2	.	.	PUNCT
fsr-3867	81	1	russell	russell	PROPN
fsr-3867	81	2	,	,	PUNCT
fsr-3867	81	3	r.	r.	PROPN
fsr-3867	81	4	brooks	brooks	PROPN
fsr-3867	81	5	/	/	SYM
fsr-3867	81	6	financial	financial	ADJ
fsr-3867	81	7	services	service	NOUN
fsr-3867	81	8	review	review	VERB
fsr-3867	81	9	7	7	NUM
fsr-3867	81	10	(	(	PUNCT
fsr-3867	81	11	1998	1998	NUM
fsr-3867	81	12	)	)	PUNCT
fsr-3867	81	13	257–271	257–271	NUM
fsr-3867	81	14	state	state	NOUN
fsr-3867	81	15	zero	zero	NUM
fsr-3867	81	16	-	-	PUNCT
fsr-3867	81	17	coupon	coupon	NOUN
fsr-3867	81	18	bonds	bond	NOUN
fsr-3867	81	19	,	,	PUNCT
fsr-3867	81	20	to	to	ADP
fsr-3867	81	21	college	college	NOUN
fsr-3867	81	22	savings	saving	NOUN
fsr-3867	81	23	accounts	account	NOUN
fsr-3867	81	24	.	.	PUNCT
fsr-3867	82	1	unlike	unlike	ADP
fsr-3867	82	2	prepaid	prepaid	ADJ
fsr-3867	82	3	tuition	tuition	NOUN
fsr-3867	82	4	plans	plan	NOUN
fsr-3867	82	5	,	,	PUNCT
fsr-3867	82	6	taxadvantaged	taxadvantage	VERB
fsr-3867	82	7	bonds	bond	NOUN
fsr-3867	82	8	do	do	AUX
fsr-3867	82	9	not	not	PART
fsr-3867	82	10	require	require	VERB
fsr-3867	82	11	the	the	DET
fsr-3867	82	12	funds	fund	NOUN
fsr-3867	82	13	to	to	PART
fsr-3867	82	14	be	be	AUX
fsr-3867	82	15	spent	spend	VERB
fsr-3867	82	16	on	on	ADP
fsr-3867	82	17	college	college	NOUN
fsr-3867	82	18	expenses	expense	NOUN
fsr-3867	82	19	.	.	PUNCT
fsr-3867	83	1	to	to	PART
fsr-3867	83	2	encourage	encourage	VERB
fsr-3867	83	3	college	college	NOUN
fsr-3867	83	4	savings	saving	NOUN
fsr-3867	83	5	,	,	PUNCT
fsr-3867	83	6	some	some	DET
fsr-3867	83	7	states	state	NOUN
fsr-3867	83	8	offer	offer	VERB
fsr-3867	83	9	a	a	DET
fsr-3867	83	10	bonus	bonus	NOUN
fsr-3867	83	11	with	with	ADP
fsr-3867	83	12	the	the	DET
fsr-3867	83	13	tax	tax	NOUN
fsr-3867	83	14	-	-	PUNCT
fsr-3867	83	15	advantaged	advantaged	ADJ
fsr-3867	83	16	bonds	bond	NOUN
fsr-3867	83	17	as	as	ADP
fsr-3867	83	18	an	an	DET
fsr-3867	83	19	incentive	incentive	NOUN
fsr-3867	83	20	to	to	PART
fsr-3867	83	21	use	use	VERB
fsr-3867	83	22	the	the	DET
fsr-3867	83	23	funds	fund	NOUN
fsr-3867	83	24	for	for	ADP
fsr-3867	83	25	higher	high	ADJ
fsr-3867	83	26	education	education	NOUN
fsr-3867	83	27	at	at	ADP
fsr-3867	83	28	redemption	redemption	NOUN
fsr-3867	83	29	.	.	PUNCT
fsr-3867	84	1	the	the	DET
fsr-3867	84	2	zero	zero	NUM
fsr-3867	84	3	-	-	PUNCT
fsr-3867	84	4	coupon	coupon	NOUN
fsr-3867	84	5	bonds	bond	NOUN
fsr-3867	84	6	are	be	AUX
fsr-3867	84	7	sold	sell	VERB
fsr-3867	84	8	at	at	ADP
fsr-3867	84	9	a	a	DET
fsr-3867	84	10	discount	discount	NOUN
fsr-3867	84	11	with	with	ADP
fsr-3867	84	12	the	the	DET
fsr-3867	84	13	difference	difference	NOUN
fsr-3867	84	14	between	between	ADP
fsr-3867	84	15	purchase	purchase	NOUN
fsr-3867	84	16	price	price	NOUN
fsr-3867	84	17	and	and	CCONJ
fsr-3867	84	18	face	face	NOUN
fsr-3867	84	19	value	value	NOUN
fsr-3867	84	20	representing	represent	VERB
fsr-3867	84	21	the	the	DET
fsr-3867	84	22	interest	interest	NOUN
fsr-3867	84	23	on	on	ADP
fsr-3867	84	24	the	the	DET
fsr-3867	84	25	bonds	bond	NOUN
fsr-3867	84	26	.	.	PUNCT
fsr-3867	85	1	the	the	DET
fsr-3867	85	2	interest	interest	NOUN
fsr-3867	85	3	is	be	AUX
fsr-3867	85	4	exempt	exempt	ADJ
fsr-3867	85	5	from	from	ADP
fsr-3867	85	6	federal	federal	ADJ
fsr-3867	85	7	taxes	taxis	NOUN
fsr-3867	85	8	and	and	CCONJ
fsr-3867	85	9	,	,	PUNCT
fsr-3867	85	10	for	for	ADP
fsr-3867	85	11	purchasers	purchaser	NOUN
fsr-3867	85	12	residing	reside	VERB
fsr-3867	85	13	in	in	ADP
fsr-3867	85	14	the	the	DET
fsr-3867	85	15	issuing	issue	VERB
fsr-3867	85	16	state	state	NOUN
fsr-3867	85	17	,	,	PUNCT
fsr-3867	85	18	from	from	ADP
fsr-3867	85	19	state	state	NOUN
fsr-3867	85	20	taxes	taxis	NOUN
fsr-3867	85	21	.	.	PUNCT
fsr-3867	86	1	college	college	NOUN
fsr-3867	86	2	savings	saving	NOUN
fsr-3867	86	3	accounts	account	NOUN
fsr-3867	86	4	allow	allow	VERB
fsr-3867	86	5	individuals	individual	NOUN
fsr-3867	86	6	to	to	PART
fsr-3867	86	7	invest	invest	VERB
fsr-3867	86	8	in	in	ADP
fsr-3867	86	9	funds	fund	NOUN
fsr-3867	86	10	that	that	PRON
fsr-3867	86	11	are	be	AUX
fsr-3867	86	12	managed	manage	VERB
fsr-3867	86	13	by	by	ADP
fsr-3867	86	14	trusts	trust	NOUN
fsr-3867	86	15	.	.	PUNCT
fsr-3867	87	1	as	as	ADP
fsr-3867	87	2	an	an	DET
fsr-3867	87	3	example	example	NOUN
fsr-3867	87	4	,	,	PUNCT
fsr-3867	87	5	the	the	DET
fsr-3867	87	6	savings	saving	NOUN
fsr-3867	87	7	plan	plan	PROPN
fsr-3867	87	8	trust	trust	PROPN
fsr-3867	87	9	,	,	PUNCT
fsr-3867	87	10	offered	offer	VERB
fsr-3867	87	11	in	in	ADP
fsr-3867	87	12	kentucky	kentucky	PROPN
fsr-3867	87	13	,	,	PUNCT
fsr-3867	87	14	provides	provide	VERB
fsr-3867	87	15	a	a	DET
fsr-3867	87	16	guaranteed	guarantee	VERB
fsr-3867	87	17	minimum	minimum	ADJ
fsr-3867	87	18	interest	interest	NOUN
fsr-3867	87	19	rate	rate	NOUN
fsr-3867	87	20	of	of	ADP
fsr-3867	87	21	4	4	NUM
fsr-3867	87	22	%	%	NOUN
fsr-3867	87	23	,	,	PUNCT
fsr-3867	87	24	but	but	CCONJ
fsr-3867	87	25	the	the	DET
fsr-3867	87	26	earnings	earning	NOUN
fsr-3867	87	27	vary	vary	VERB
fsr-3867	87	28	depending	depend	VERB
fsr-3867	87	29	on	on	ADP
fsr-3867	87	30	the	the	DET
fsr-3867	87	31	manager	manager	NOUN
fsr-3867	87	32	’s	’s	PART
fsr-3867	87	33	selection	selection	NOUN
fsr-3867	87	34	of	of	ADP
fsr-3867	87	35	investment	investment	NOUN
fsr-3867	87	36	vehicles	vehicle	NOUN
fsr-3867	87	37	.	.	PUNCT
fsr-3867	88	1	prepaid	prepay	VERB
fsr-3867	88	2	tuition	tuition	NOUN
fsr-3867	88	3	plans	plan	VERB
fsr-3867	88	4	shift	shift	NOUN
fsr-3867	88	5	tuition	tuition	NOUN
fsr-3867	88	6	inflation	inflation	NOUN
fsr-3867	88	7	away	away	ADV
fsr-3867	88	8	from	from	ADP
fsr-3867	88	9	the	the	DET
fsr-3867	88	10	individual	individual	ADJ
fsr-3867	88	11	while	while	SCONJ
fsr-3867	88	12	college	college	NOUN
fsr-3867	88	13	savings	saving	NOUN
fsr-3867	88	14	accounts	account	NOUN
fsr-3867	88	15	do	do	AUX
fsr-3867	88	16	not	not	PART
fsr-3867	88	17	shift	shift	VERB
fsr-3867	88	18	tuition	tuition	NOUN
fsr-3867	88	19	inflation	inflation	NOUN
fsr-3867	88	20	to	to	ADP
fsr-3867	88	21	other	other	ADJ
fsr-3867	88	22	parties	party	NOUN
fsr-3867	88	23	.	.	PUNCT
fsr-3867	89	1	in	in	ADP
fsr-3867	89	2	fact	fact	NOUN
fsr-3867	89	3	,	,	PUNCT
fsr-3867	89	4	if	if	SCONJ
fsr-3867	89	5	the	the	DET
fsr-3867	89	6	accounts	account	NOUN
fsr-3867	89	7	return	return	VERB
fsr-3867	89	8	the	the	DET
fsr-3867	89	9	guaranteed	guarantee	VERB
fsr-3867	89	10	4	4	NUM
fsr-3867	89	11	%	%	NOUN
fsr-3867	89	12	and	and	CCONJ
fsr-3867	89	13	tuition	tuition	NOUN
fsr-3867	89	14	continues	continue	VERB
fsr-3867	89	15	to	to	PART
fsr-3867	89	16	increase	increase	VERB
fsr-3867	89	17	at	at	ADP
fsr-3867	89	18	historic	historic	ADJ
fsr-3867	89	19	levels	level	NOUN
fsr-3867	89	20	,	,	PUNCT
fsr-3867	89	21	individuals	individual	NOUN
fsr-3867	89	22	will	will	AUX
fsr-3867	89	23	notice	notice	VERB
fsr-3867	89	24	a	a	DET
fsr-3867	89	25	significant	significant	ADJ
fsr-3867	89	26	shortfall	shortfall	NOUN
fsr-3867	89	27	between	between	ADP
fsr-3867	89	28	their	their	PRON
fsr-3867	89	29	college	college	NOUN
fsr-3867	89	30	savings	saving	NOUN
fsr-3867	89	31	accounts	account	NOUN
fsr-3867	89	32	and	and	CCONJ
fsr-3867	89	33	the	the	DET
fsr-3867	89	34	tuition	tuition	NOUN
fsr-3867	89	35	liability	liability	NOUN
fsr-3867	89	36	they	they	PRON
fsr-3867	89	37	will	will	AUX
fsr-3867	89	38	face	face	VERB
fsr-3867	89	39	.	.	PUNCT
fsr-3867	90	1	prepaid	prepaid	ADJ
fsr-3867	90	2	tuition	tuition	NOUN
fsr-3867	90	3	plans	plan	NOUN
fsr-3867	90	4	come	come	VERB
fsr-3867	90	5	in	in	ADP
fsr-3867	90	6	three	three	NUM
fsr-3867	90	7	main	main	ADJ
fsr-3867	90	8	varieties	variety	NOUN
fsr-3867	90	9	.	.	PUNCT
fsr-3867	91	1	there	there	PRON
fsr-3867	91	2	are	be	VERB
fsr-3867	91	3	contract	contract	NOUN
fsr-3867	91	4	,	,	PUNCT
fsr-3867	91	5	tuition	tuition	NOUN
fsr-3867	91	6	credit	credit	NOUN
fsr-3867	91	7	,	,	PUNCT
fsr-3867	91	8	and	and	CCONJ
fsr-3867	91	9	certificate	certificate	NOUN
fsr-3867	91	10	plans	plan	NOUN
fsr-3867	91	11	.	.	PUNCT
fsr-3867	92	1	contract	contract	NOUN
fsr-3867	92	2	plans	plan	NOUN
fsr-3867	92	3	allow	allow	VERB
fsr-3867	92	4	the	the	DET
fsr-3867	92	5	purchaser	purchaser	NOUN
fsr-3867	92	6	to	to	PART
fsr-3867	92	7	enter	enter	VERB
fsr-3867	92	8	an	an	DET
fsr-3867	92	9	agreement	agreement	NOUN
fsr-3867	92	10	for	for	ADP
fsr-3867	92	11	a	a	DET
fsr-3867	92	12	predetermined	predetermine	VERB
fsr-3867	92	13	amount	amount	NOUN
fsr-3867	92	14	of	of	ADP
fsr-3867	92	15	education	education	NOUN
fsr-3867	92	16	,	,	PUNCT
fsr-3867	92	17	with	with	ADP
fsr-3867	92	18	the	the	DET
fsr-3867	92	19	cost	cost	NOUN
fsr-3867	92	20	calculated	calculate	VERB
fsr-3867	92	21	as	as	ADP
fsr-3867	92	22	the	the	DET
fsr-3867	92	23	current	current	ADJ
fsr-3867	92	24	tuition	tuition	NOUN
fsr-3867	92	25	level	level	NOUN
fsr-3867	92	26	.	.	PUNCT
fsr-3867	93	1	for	for	ADP
fsr-3867	93	2	instance	instance	NOUN
fsr-3867	93	3	,	,	PUNCT
fsr-3867	93	4	if	if	SCONJ
fsr-3867	93	5	the	the	DET
fsr-3867	93	6	current	current	ADJ
fsr-3867	93	7	cost	cost	NOUN
fsr-3867	93	8	of	of	ADP
fsr-3867	93	9	four	four	NUM
fsr-3867	93	10	years	year	NOUN
fsr-3867	93	11	of	of	ADP
fsr-3867	93	12	tuition	tuition	NOUN
fsr-3867	93	13	is	be	AUX
fsr-3867	93	14	$	$	SYM
fsr-3867	93	15	16,000	16,000	NUM
fsr-3867	93	16	,	,	PUNCT
fsr-3867	93	17	an	an	DET
fsr-3867	93	18	individual	individual	NOUN
fsr-3867	93	19	may	may	AUX
fsr-3867	93	20	purchase	purchase	VERB
fsr-3867	93	21	four	four	NUM
fsr-3867	93	22	years	year	NOUN
fsr-3867	93	23	of	of	ADP
fsr-3867	93	24	college	college	NOUN
fsr-3867	93	25	tuition	tuition	NOUN
fsr-3867	93	26	today	today	NOUN
fsr-3867	93	27	and	and	CCONJ
fsr-3867	93	28	receive	receive	VERB
fsr-3867	93	29	a	a	DET
fsr-3867	93	30	contractual	contractual	ADJ
fsr-3867	93	31	guarantee	guarantee	NOUN
fsr-3867	93	32	for	for	ADP
fsr-3867	93	33	four	four	NUM
fsr-3867	93	34	years	year	NOUN
fsr-3867	93	35	of	of	ADP
fsr-3867	93	36	tuition	tuition	NOUN
fsr-3867	93	37	in	in	ADP
fsr-3867	93	38	the	the	DET
fsr-3867	93	39	future	future	NOUN
fsr-3867	93	40	.	.	PUNCT
fsr-3867	94	1	the	the	DET
fsr-3867	94	2	risk	risk	NOUN
fsr-3867	94	3	associated	associate	VERB
fsr-3867	94	4	with	with	ADP
fsr-3867	94	5	tuition	tuition	NOUN
fsr-3867	94	6	inflation	inflation	NOUN
fsr-3867	94	7	is	be	AUX
fsr-3867	94	8	completely	completely	ADV
fsr-3867	94	9	shifted	shift	VERB
fsr-3867	94	10	from	from	ADP
fsr-3867	94	11	the	the	DET
fsr-3867	94	12	individual	individual	NOUN
fsr-3867	94	13	to	to	ADP
fsr-3867	94	14	the	the	DET
fsr-3867	94	15	guarantor	guarantor	NOUN
fsr-3867	94	16	.	.	PUNCT
fsr-3867	95	1	tuition	tuition	NOUN
fsr-3867	95	2	credit	credit	NOUN
fsr-3867	95	3	plans	plan	NOUN
fsr-3867	95	4	are	be	AUX
fsr-3867	95	5	similar	similar	ADJ
fsr-3867	95	6	to	to	PART
fsr-3867	95	7	contract	contract	VERB
fsr-3867	95	8	plans	plan	NOUN
fsr-3867	95	9	in	in	ADP
fsr-3867	95	10	that	that	PRON
fsr-3867	95	11	they	they	PRON
fsr-3867	95	12	allow	allow	VERB
fsr-3867	95	13	the	the	DET
fsr-3867	95	14	purchaser	purchaser	NOUN
fsr-3867	95	15	to	to	PART
fsr-3867	95	16	obtain	obtain	VERB
fsr-3867	95	17	prepaid	prepaid	ADJ
fsr-3867	95	18	education	education	NOUN
fsr-3867	95	19	.	.	PUNCT
fsr-3867	96	1	they	they	PRON
fsr-3867	96	2	differ	differ	VERB
fsr-3867	96	3	in	in	ADP
fsr-3867	96	4	that	that	SCONJ
fsr-3867	96	5	the	the	DET
fsr-3867	96	6	purchaser	purchaser	NOUN
fsr-3867	96	7	starts	start	VERB
fsr-3867	96	8	an	an	DET
fsr-3867	96	9	account	account	NOUN
fsr-3867	96	10	and	and	CCONJ
fsr-3867	96	11	continues	continue	VERB
fsr-3867	96	12	to	to	PART
fsr-3867	96	13	make	make	VERB
fsr-3867	96	14	periodic	periodic	ADJ
fsr-3867	96	15	deposits	deposit	NOUN
fsr-3867	96	16	to	to	PART
fsr-3867	96	17	purchase	purchase	VERB
fsr-3867	96	18	prepaid	prepaid	ADJ
fsr-3867	96	19	units	unit	NOUN
fsr-3867	96	20	of	of	ADP
fsr-3867	96	21	education	education	NOUN
fsr-3867	96	22	.	.	PUNCT
fsr-3867	97	1	certificate	certificate	NOUN
fsr-3867	97	2	plans	plan	NOUN
fsr-3867	97	3	allow	allow	VERB
fsr-3867	97	4	individuals	individual	NOUN
fsr-3867	97	5	to	to	PART
fsr-3867	97	6	purchase	purchase	VERB
fsr-3867	97	7	certificates	certificate	NOUN
fsr-3867	97	8	that	that	PRON
fsr-3867	97	9	are	be	AUX
fsr-3867	97	10	redeemable	redeemable	ADJ
fsr-3867	97	11	for	for	ADP
fsr-3867	97	12	a	a	DET
fsr-3867	97	13	percentage	percentage	NOUN
fsr-3867	97	14	of	of	ADP
fsr-3867	97	15	tuition	tuition	NOUN
fsr-3867	97	16	and	and	CCONJ
fsr-3867	97	17	mandatory	mandatory	ADJ
fsr-3867	97	18	fees	fee	NOUN
fsr-3867	97	19	.	.	PUNCT
fsr-3867	98	1	the	the	DET
fsr-3867	98	2	state	state	NOUN
fsr-3867	98	3	commits	commit	VERB
fsr-3867	98	4	to	to	PART
fsr-3867	98	5	pay	pay	VERB
fsr-3867	98	6	face	face	NOUN
fsr-3867	98	7	value	value	NOUN
fsr-3867	98	8	plus	plus	CCONJ
fsr-3867	98	9	annually	annually	ADV
fsr-3867	98	10	compounded	compound	VERB
fsr-3867	98	11	interest	interest	NOUN
fsr-3867	98	12	of	of	ADP
fsr-3867	98	13	cpi	cpi	PROPN
fsr-3867	98	14	plus	plus	CCONJ
fsr-3867	98	15	some	some	DET
fsr-3867	98	16	percent	percent	NOUN
fsr-3867	98	17	.	.	PUNCT
fsr-3867	99	1	for	for	ADP
fsr-3867	99	2	instance	instance	NOUN
fsr-3867	99	3	,	,	PUNCT
fsr-3867	99	4	massachusetts	massachusetts	PROPN
fsr-3867	99	5	’	'	PUNCT
fsr-3867	99	6	plan	plan	NOUN
fsr-3867	99	7	allows	allow	VERB
fsr-3867	99	8	for	for	SCONJ
fsr-3867	99	9	interest	interest	NOUN
fsr-3867	99	10	to	to	PART
fsr-3867	99	11	compound	compound	VERB
fsr-3867	99	12	at	at	ADP
fsr-3867	99	13	cpi	cpi	PROPN
fsr-3867	99	14	plus	plus	CCONJ
fsr-3867	99	15	2	2	NUM
fsr-3867	99	16	%	%	NOUN
fsr-3867	99	17	.	.	PUNCT
fsr-3867	100	1	if	if	SCONJ
fsr-3867	100	2	tuition	tuition	NOUN
fsr-3867	100	3	increases	increase	VERB
fsr-3867	100	4	faster	fast	ADV
fsr-3867	100	5	than	than	ADP
fsr-3867	100	6	cpi	cpi	NOUN
fsr-3867	100	7	plus	plus	CCONJ
fsr-3867	100	8	2	2	NUM
fsr-3867	100	9	%	%	NOUN
fsr-3867	100	10	theschoolsabsorb	theschoolsabsorb	NOUN
fsr-3867	100	11	the	the	DET
fsr-3867	100	12	loss	loss	NOUN
fsr-3867	100	13	.	.	PUNCT
fsr-3867	101	1	in	in	ADP
fsr-3867	101	2	each	each	PRON
fsr-3867	101	3	of	of	ADP
fsr-3867	101	4	these	these	PRON
fsr-3867	101	5	plans	plan	VERB
fsr-3867	101	6	the	the	DET
fsr-3867	101	7	risk	risk	NOUN
fsr-3867	101	8	of	of	ADP
fsr-3867	101	9	tuition	tuition	NOUN
fsr-3867	101	10	inflation	inflation	NOUN
fsr-3867	101	11	is	be	AUX
fsr-3867	101	12	shifted	shift	VERB
fsr-3867	101	13	from	from	ADP
fsr-3867	101	14	the	the	DET
fsr-3867	101	15	individual	individual	NOUN
fsr-3867	101	16	to	to	ADP
fsr-3867	101	17	either	either	DET
fsr-3867	101	18	states	state	NOUN
fsr-3867	101	19	,	,	PUNCT
fsr-3867	101	20	schools	school	NOUN
fsr-3867	101	21	,	,	PUNCT
fsr-3867	101	22	or	or	CCONJ
fsr-3867	101	23	third	third	ADJ
fsr-3867	101	24	-	-	PUNCT
fsr-3867	101	25	party	party	NOUN
fsr-3867	101	26	plan	plan	NOUN
fsr-3867	101	27	managers	manager	NOUN
fsr-3867	101	28	.	.	PUNCT
fsr-3867	102	1	the	the	DET
fsr-3867	102	2	introductions	introduction	NOUN
fsr-3867	102	3	of	of	ADP
fsr-3867	102	4	prepaid	prepaid	ADJ
fsr-3867	102	5	college	college	NOUN
fsr-3867	102	6	tuition	tuition	NOUN
fsr-3867	102	7	plans	plan	VERB
fsr-3867	102	8	assist	assist	VERB
fsr-3867	102	9	students	student	NOUN
fsr-3867	102	10	and	and	CCONJ
fsr-3867	102	11	parents	parent	NOUN
fsr-3867	102	12	,	,	PUNCT
fsr-3867	102	13	but	but	CCONJ
fsr-3867	102	14	risks	risk	NOUN
fsr-3867	102	15	have	have	AUX
fsr-3867	102	16	been	be	AUX
fsr-3867	102	17	introduced	introduce	VERB
fsr-3867	102	18	that	that	SCONJ
fsr-3867	102	19	guarantors	guarantor	NOUN
fsr-3867	102	20	must	must	AUX
fsr-3867	102	21	either	either	CCONJ
fsr-3867	102	22	hedge	hedge	VERB
fsr-3867	102	23	or	or	CCONJ
fsr-3867	102	24	absorb	absorb	VERB
fsr-3867	102	25	.	.	PUNCT
fsr-3867	103	1	3	3	X
fsr-3867	103	2	.	.	X
fsr-3867	103	3	surplus	surplus	NOUN
fsr-3867	103	4	framework	framework	NOUN
fsr-3867	103	5	a	a	DET
fsr-3867	103	6	relatively	relatively	ADV
fsr-3867	103	7	new	new	ADJ
fsr-3867	103	8	method	method	NOUN
fsr-3867	103	9	for	for	ADP
fsr-3867	103	10	viewing	view	VERB
fsr-3867	103	11	the	the	DET
fsr-3867	103	12	asset	asset	NOUN
fsr-3867	103	13	allocation	allocation	NOUN
fsr-3867	103	14	decision	decision	NOUN
fsr-3867	103	15	within	within	ADP
fsr-3867	103	16	portfolio	portfolio	NOUN
fsr-3867	103	17	management	management	NOUN
fsr-3867	103	18	is	be	AUX
fsr-3867	103	19	the	the	DET
fsr-3867	103	20	surplus	surplus	ADJ
fsr-3867	103	21	framework	framework	NOUN
fsr-3867	103	22	.	.	PUNCT
fsr-3867	104	1	this	this	DET
fsr-3867	104	2	framework	framework	NOUN
fsr-3867	104	3	has	have	AUX
fsr-3867	104	4	become	become	VERB
fsr-3867	104	5	popular	popular	ADJ
fsr-3867	104	6	for	for	ADP
fsr-3867	104	7	defined	define	VERB
fsr-3867	104	8	benefit	benefit	NOUN
fsr-3867	104	9	plan	plan	NOUN
fsr-3867	104	10	managers	manager	NOUN
fsr-3867	104	11	.	.	PUNCT
fsr-3867	105	1	the	the	DET
fsr-3867	105	2	objective	objective	NOUN
fsr-3867	105	3	of	of	ADP
fsr-3867	105	4	the	the	DET
fsr-3867	105	5	plan	plan	NOUN
fsr-3867	105	6	manager	manager	NOUN
fsr-3867	105	7	is	be	AUX
fsr-3867	105	8	to	to	PART
fsr-3867	105	9	maximize	maximize	VERB
fsr-3867	105	10	the	the	DET
fsr-3867	105	11	surplus	surplus	NOUN
fsr-3867	105	12	,	,	PUNCT
fsr-3867	105	13	or	or	CCONJ
fsr-3867	105	14	the	the	DET
fsr-3867	105	15	difference	difference	NOUN
fsr-3867	105	16	between	between	ADP
fsr-3867	105	17	the	the	DET
fsr-3867	105	18	assets	asset	NOUN
fsr-3867	105	19	and	and	CCONJ
fsr-3867	105	20	liabilities	liability	NOUN
fsr-3867	105	21	.	.	PUNCT
fsr-3867	106	1	not	not	PART
fsr-3867	106	2	only	only	ADV
fsr-3867	106	3	are	be	AUX
fsr-3867	106	4	the	the	DET
fsr-3867	106	5	defined	define	VERB
fsr-3867	106	6	benefit	benefit	NOUN
fsr-3867	106	7	plan	plan	NOUN
fsr-3867	106	8	managers	manager	NOUN
fsr-3867	106	9	concerned	concern	VERB
fsr-3867	106	10	with	with	ADP
fsr-3867	106	11	asset	asset	NOUN
fsr-3867	106	12	returns	return	NOUN
fsr-3867	106	13	,	,	PUNCT
fsr-3867	106	14	they	they	PRON
fsr-3867	106	15	are	be	AUX
fsr-3867	106	16	also	also	ADV
fsr-3867	106	17	acutely	acutely	ADV
fsr-3867	106	18	aware	aware	ADJ
fsr-3867	106	19	of	of	ADP
fsr-3867	106	20	the	the	DET
fsr-3867	106	21	plan	plan	NOUN
fsr-3867	106	22	’s	’s	PART
fsr-3867	106	23	liabilities	liability	NOUN
fsr-3867	106	24	.	.	PUNCT
fsr-3867	107	1	the	the	DET
fsr-3867	107	2	prepaid	prepaid	PROPN
fsr-3867	107	3	college	college	PROPN
fsr-3867	107	4	tuition	tuition	NOUN
fsr-3867	107	5	plan	plan	NOUN
fsr-3867	107	6	manager	manager	NOUN
fsr-3867	107	7	(	(	PUNCT
fsr-3867	107	8	administrator	administrator	NOUN
fsr-3867	107	9	)	)	PUNCT
fsr-3867	107	10	faces	face	VERB
fsr-3867	107	11	a	a	DET
fsr-3867	107	12	similar	similar	ADJ
fsr-3867	107	13	dilemma	dilemma	NOUN
fsr-3867	107	14	.	.	PUNCT
fsr-3867	108	1	the	the	DET
fsr-3867	108	2	liabilities	liability	NOUN
fsr-3867	108	3	are	be	AUX
fsr-3867	108	4	a	a	DET
fsr-3867	108	5	key	key	ADJ
fsr-3867	108	6	concern	concern	NOUN
fsr-3867	108	7	.	.	PUNCT
fsr-3867	109	1	the	the	DET
fsr-3867	109	2	liabilities	liability	NOUN
fsr-3867	109	3	faced	face	VERB
fsr-3867	109	4	by	by	ADP
fsr-3867	109	5	the	the	DET
fsr-3867	109	6	prepaid	prepaid	PROPN
fsr-3867	109	7	college	college	NOUN
fsr-3867	109	8	tuition	tuition	NOUN
fsr-3867	109	9	plan	plan	NOUN
fsr-3867	109	10	administrator	administrator	NOUN
fsr-3867	109	11	are	be	AUX
fsr-3867	109	12	the	the	DET
fsr-3867	109	13	tuition	tuition	NOUN
fsr-3867	109	14	outlays	outlay	NOUN
fsr-3867	109	15	that	that	PRON
fsr-3867	109	16	are	be	AUX
fsr-3867	109	17	the	the	DET
fsr-3867	109	18	responsibility	responsibility	NOUN
fsr-3867	109	19	of	of	ADP
fsr-3867	109	20	the	the	DET
fsr-3867	109	21	guarantor	guarantor	NOUN
fsr-3867	109	22	.	.	PUNCT
fsr-3867	110	1	262	262	NUM
fsr-3867	110	2	j.w	j.w	PROPN
fsr-3867	110	3	.	.	PROPN
fsr-3867	110	4	russell	russell	PROPN
fsr-3867	110	5	,	,	PUNCT
fsr-3867	110	6	r.	r.	PROPN
fsr-3867	110	7	brooks	brooks	PROPN
fsr-3867	110	8	/	/	SYM
fsr-3867	110	9	financial	financial	ADJ
fsr-3867	110	10	services	service	NOUN
fsr-3867	110	11	review	review	VERB
fsr-3867	110	12	7	7	NUM
fsr-3867	110	13	(	(	PUNCT
fsr-3867	110	14	1998	1998	NUM
fsr-3867	110	15	)	)	PUNCT
fsr-3867	110	16	257–271	257–271	NUM
fsr-3867	110	17	much	much	ADJ
fsr-3867	110	18	of	of	ADP
fsr-3867	110	19	the	the	DET
fsr-3867	110	20	recent	recent	ADJ
fsr-3867	110	21	literature	literature	NOUN
fsr-3867	110	22	regarding	regard	VERB
fsr-3867	110	23	the	the	DET
fsr-3867	110	24	inclusion	inclusion	NOUN
fsr-3867	110	25	of	of	ADP
fsr-3867	110	26	liabilities	liability	NOUN
fsr-3867	110	27	in	in	ADP
fsr-3867	110	28	portfolio	portfolio	NOUN
fsr-3867	110	29	management	management	NOUN
fsr-3867	110	30	optimization	optimization	NOUN
fsr-3867	110	31	stems	stem	VERB
fsr-3867	110	32	from	from	ADP
fsr-3867	110	33	the	the	DET
fsr-3867	110	34	work	work	NOUN
fsr-3867	110	35	of	of	ADP
fsr-3867	110	36	sharpe	sharpe	NOUN
fsr-3867	110	37	and	and	CCONJ
fsr-3867	110	38	tint	tint	NOUN
fsr-3867	110	39	(	(	PUNCT
fsr-3867	110	40	1990	1990	NUM
fsr-3867	110	41	)	)	PUNCT
fsr-3867	110	42	.	.	PUNCT
fsr-3867	111	1	in	in	ADP
fsr-3867	111	2	their	their	PRON
fsr-3867	111	3	study	study	NOUN
fsr-3867	111	4	,	,	PUNCT
fsr-3867	111	5	the	the	DET
fsr-3867	111	6	authors	author	NOUN
fsr-3867	111	7	show	show	VERB
fsr-3867	111	8	that	that	SCONJ
fsr-3867	111	9	investors	investor	NOUN
fsr-3867	111	10	may	may	AUX
fsr-3867	111	11	maximize	maximize	VERB
fsr-3867	111	12	either	either	CCONJ
fsr-3867	111	13	their	their	PRON
fsr-3867	111	14	asset	asset	NOUN
fsr-3867	111	15	return	return	NOUN
fsr-3867	111	16	or	or	CCONJ
fsr-3867	111	17	their	their	PRON
fsr-3867	111	18	surplus	surplus	NOUN
fsr-3867	111	19	.	.	PUNCT
fsr-3867	112	1	traditionally	traditionally	ADV
fsr-3867	112	2	,	,	PUNCT
fsr-3867	112	3	fund	fund	NOUN
fsr-3867	112	4	managers	manager	NOUN
fsr-3867	112	5	have	have	AUX
fsr-3867	112	6	chosen	choose	VERB
fsr-3867	112	7	to	to	PART
fsr-3867	112	8	maximize	maximize	VERB
fsr-3867	112	9	asset	asset	NOUN
fsr-3867	112	10	returns	return	NOUN
fsr-3867	112	11	following	follow	VERB
fsr-3867	112	12	standard	standard	ADJ
fsr-3867	112	13	modern	modern	ADJ
fsr-3867	112	14	portfolio	portfolio	NOUN
fsr-3867	112	15	theory	theory	NOUN
fsr-3867	112	16	.	.	PUNCT
fsr-3867	113	1	however	however	ADV
fsr-3867	113	2	,	,	PUNCT
fsr-3867	113	3	situations	situation	NOUN
fsr-3867	113	4	do	do	AUX
fsr-3867	113	5	arise	arise	VERB
fsr-3867	113	6	in	in	ADP
fsr-3867	113	7	which	which	PRON
fsr-3867	113	8	maximizing	maximize	VERB
fsr-3867	113	9	the	the	DET
fsr-3867	113	10	surplus	surplus	NOUN
fsr-3867	113	11	is	be	AUX
fsr-3867	113	12	both	both	CCONJ
fsr-3867	113	13	prudent	prudent	ADJ
fsr-3867	113	14	and	and	CCONJ
fsr-3867	113	15	appropriate	appropriate	ADJ
fsr-3867	113	16	such	such	ADJ
fsr-3867	113	17	as	as	ADP
fsr-3867	113	18	pension	pension	NOUN
fsr-3867	113	19	funds	fund	NOUN
fsr-3867	113	20	.	.	PUNCT
fsr-3867	114	1	ezra	ezra	PROPN
fsr-3867	114	2	(	(	PUNCT
fsr-3867	114	3	1991	1991	NUM
fsr-3867	114	4	)	)	PUNCT
fsr-3867	114	5	presents	present	VERB
fsr-3867	114	6	a	a	DET
fsr-3867	114	7	discussion	discussion	NOUN
fsr-3867	114	8	of	of	ADP
fsr-3867	114	9	liability	liability	NOUN
fsr-3867	114	10	modeling	modeling	NOUN
fsr-3867	114	11	within	within	ADP
fsr-3867	114	12	the	the	DET
fsr-3867	114	13	context	context	NOUN
fsr-3867	114	14	of	of	ADP
fsr-3867	114	15	defined	define	VERB
fsr-3867	114	16	benefit	benefit	NOUN
fsr-3867	114	17	plans	plan	NOUN
fsr-3867	114	18	.	.	PUNCT
fsr-3867	115	1	a	a	DET
fsr-3867	115	2	key	key	ADJ
fsr-3867	115	3	characteristic	characteristic	NOUN
fsr-3867	115	4	of	of	ADP
fsr-3867	115	5	defined	define	VERB
fsr-3867	115	6	benefit	benefit	NOUN
fsr-3867	115	7	plans	plan	NOUN
fsr-3867	115	8	is	be	AUX
fsr-3867	115	9	that	that	SCONJ
fsr-3867	115	10	pension	pension	NOUN
fsr-3867	115	11	benefits	benefit	NOUN
fsr-3867	115	12	are	be	AUX
fsr-3867	115	13	defined	define	VERB
fsr-3867	115	14	independent	independent	ADJ
fsr-3867	115	15	of	of	ADP
fsr-3867	115	16	the	the	DET
fsr-3867	115	17	value	value	NOUN
fsr-3867	115	18	of	of	ADP
fsr-3867	115	19	the	the	DET
fsr-3867	115	20	plan	plan	NOUN
fsr-3867	115	21	’s	’s	PART
fsr-3867	115	22	assets	asset	NOUN
fsr-3867	115	23	.	.	PUNCT
fsr-3867	116	1	the	the	DET
fsr-3867	116	2	benefits	benefit	NOUN
fsr-3867	116	3	are	be	AUX
fsr-3867	116	4	based	base	VERB
fsr-3867	116	5	on	on	ADP
fsr-3867	116	6	formulas	formula	NOUN
fsr-3867	116	7	that	that	PRON
fsr-3867	116	8	incorporate	incorporate	VERB
fsr-3867	116	9	employee	employee	NOUN
fsr-3867	116	10	earnings	earning	NOUN
fsr-3867	116	11	and	and	CCONJ
fsr-3867	116	12	,	,	PUNCT
fsr-3867	116	13	typically	typically	ADV
fsr-3867	116	14	,	,	PUNCT
fsr-3867	116	15	length	length	NOUN
fsr-3867	116	16	of	of	ADP
fsr-3867	116	17	service	service	NOUN
fsr-3867	116	18	.	.	PUNCT
fsr-3867	117	1	in	in	ADP
fsr-3867	117	2	essence	essence	NOUN
fsr-3867	117	3	,	,	PUNCT
fsr-3867	117	4	the	the	DET
fsr-3867	117	5	corporation	corporation	NOUN
fsr-3867	117	6	has	have	AUX
fsr-3867	117	7	issued	issue	VERB
fsr-3867	117	8	benefit	benefit	NOUN
fsr-3867	117	9	debt	debt	NOUN
fsr-3867	117	10	to	to	ADP
fsr-3867	117	11	the	the	DET
fsr-3867	117	12	plan	plan	NOUN
fsr-3867	117	13	participants	participant	NOUN
fsr-3867	117	14	.	.	PUNCT
fsr-3867	118	1	this	this	DET
fsr-3867	118	2	debt	debt	NOUN
fsr-3867	118	3	(	(	PUNCT
fsr-3867	118	4	liability	liability	NOUN
fsr-3867	118	5	)	)	PUNCT
fsr-3867	118	6	can	can	AUX
fsr-3867	118	7	be	be	AUX
fsr-3867	118	8	serviced	service	VERB
fsr-3867	118	9	on	on	ADP
fsr-3867	118	10	either	either	CCONJ
fsr-3867	118	11	a	a	DET
fsr-3867	118	12	pay	pay	VERB
fsr-3867	118	13	-	-	PUNCT
fsr-3867	118	14	as	as	ADP
fsr-3867	118	15	-	-	PUNCT
fsr-3867	118	16	you	you	PRON
fsr-3867	118	17	-	-	PUNCT
fsr-3867	118	18	go	go	VERB
fsr-3867	118	19	basis	basis	NOUN
fsr-3867	118	20	or	or	CCONJ
fsr-3867	118	21	a	a	DET
fsr-3867	118	22	funded	funded	ADJ
fsr-3867	118	23	basis	basis	NOUN
fsr-3867	118	24	.	.	PUNCT
fsr-3867	119	1	a	a	DET
fsr-3867	119	2	funded	funded	ADJ
fsr-3867	119	3	basis	basis	NOUN
fsr-3867	119	4	requires	require	VERB
fsr-3867	119	5	that	that	SCONJ
fsr-3867	119	6	funds	fund	NOUN
fsr-3867	119	7	be	be	AUX
fsr-3867	119	8	set	set	VERB
fsr-3867	119	9	aside	aside	ADV
fsr-3867	119	10	each	each	DET
fsr-3867	119	11	year	year	NOUN
fsr-3867	119	12	to	to	PART
fsr-3867	119	13	match	match	VERB
fsr-3867	119	14	the	the	DET
fsr-3867	119	15	present	present	ADJ
fsr-3867	119	16	value	value	NOUN
fsr-3867	119	17	of	of	ADP
fsr-3867	119	18	the	the	DET
fsr-3867	119	19	debt	debt	NOUN
fsr-3867	119	20	accrued	accrue	VERB
fsr-3867	119	21	that	that	DET
fsr-3867	119	22	year	year	NOUN
fsr-3867	119	23	.	.	PUNCT
fsr-3867	120	1	the	the	DET
fsr-3867	120	2	plan	plan	NOUN
fsr-3867	120	3	manager	manager	NOUN
fsr-3867	120	4	needs	need	VERB
fsr-3867	120	5	to	to	PART
fsr-3867	120	6	be	be	AUX
fsr-3867	120	7	cognizant	cognizant	ADJ
fsr-3867	120	8	of	of	ADP
fsr-3867	120	9	the	the	DET
fsr-3867	120	10	plan	plan	NOUN
fsr-3867	120	11	’s	’s	PART
fsr-3867	120	12	liabilities	liability	NOUN
fsr-3867	120	13	and	and	CCONJ
fsr-3867	120	14	not	not	PART
fsr-3867	120	15	simply	simply	ADV
fsr-3867	120	16	focus	focus	VERB
fsr-3867	120	17	on	on	ADP
fsr-3867	120	18	asset	asset	NOUN
fsr-3867	120	19	growth	growth	NOUN
fsr-3867	120	20	.	.	PUNCT
fsr-3867	121	1	in	in	ADP
fsr-3867	121	2	his	his	PRON
fsr-3867	121	3	paper	paper	NOUN
fsr-3867	121	4	,	,	PUNCT
fsr-3867	121	5	ezra	ezra	PROPN
fsr-3867	121	6	concludes	conclude	VERB
fsr-3867	121	7	that	that	SCONJ
fsr-3867	121	8	the	the	DET
fsr-3867	121	9	sponsor	sponsor	NOUN
fsr-3867	121	10	is	be	AUX
fsr-3867	121	11	better	well	ADV
fsr-3867	121	12	advised	advise	VERB
fsr-3867	121	13	to	to	PART
fsr-3867	121	14	focus	focus	VERB
fsr-3867	121	15	on	on	ADP
fsr-3867	121	16	surplus	surplus	NOUN
fsr-3867	121	17	rather	rather	ADV
fsr-3867	121	18	than	than	ADP
fsr-3867	121	19	on	on	ADP
fsr-3867	121	20	assets	asset	NOUN
fsr-3867	121	21	alone	alone	ADJ
fsr-3867	121	22	when	when	SCONJ
fsr-3867	121	23	determining	determine	VERB
fsr-3867	121	24	asset	asset	NOUN
fsr-3867	121	25	allocation	allocation	NOUN
fsr-3867	121	26	for	for	ADP
fsr-3867	121	27	defined	define	VERB
fsr-3867	121	28	benefit	benefit	NOUN
fsr-3867	121	29	plans	plan	NOUN
fsr-3867	121	30	.	.	PUNCT
fsr-3867	122	1	fong	fong	PROPN
fsr-3867	122	2	(	(	PUNCT
fsr-3867	122	3	1991	1991	NUM
fsr-3867	122	4	)	)	PUNCT
fsr-3867	122	5	incorporates	incorporate	VERB
fsr-3867	122	6	portfolio	portfolio	NOUN
fsr-3867	122	7	theory	theory	NOUN
fsr-3867	122	8	into	into	ADP
fsr-3867	122	9	the	the	DET
fsr-3867	122	10	surplus	surplus	ADJ
fsr-3867	122	11	management	management	NOUN
fsr-3867	122	12	problem	problem	NOUN
fsr-3867	122	13	.	.	PUNCT
fsr-3867	123	1	leibowitz	leibowitz	PROPN
fsr-3867	123	2	et	et	PROPN
fsr-3867	123	3	al	al	PROPN
fsr-3867	123	4	.	.	PROPN
fsr-3867	123	5	(	(	PUNCT
fsr-3867	123	6	1992	1992	NUM
fsr-3867	123	7	)	)	PUNCT
fsr-3867	123	8	present	present	VERB
fsr-3867	123	9	an	an	DET
fsr-3867	123	10	analysis	analysis	NOUN
fsr-3867	123	11	in	in	ADP
fsr-3867	123	12	which	which	PRON
fsr-3867	123	13	both	both	CCONJ
fsr-3867	123	14	asset	asset	NOUN
fsr-3867	123	15	-	-	PUNCT
fsr-3867	123	16	only	only	ADV
fsr-3867	123	17	performance	performance	NOUN
fsr-3867	123	18	and	and	CCONJ
fsr-3867	123	19	surplus	surplus	NOUN
fsr-3867	123	20	control	control	NOUN
fsr-3867	123	21	are	be	AUX
fsr-3867	123	22	considered	consider	VERB
fsr-3867	123	23	in	in	ADP
fsr-3867	123	24	asset	asset	NOUN
fsr-3867	123	25	allocation	allocation	NOUN
fsr-3867	123	26	decisions	decision	NOUN
fsr-3867	123	27	.	.	PUNCT
fsr-3867	124	1	the	the	DET
fsr-3867	124	2	authors	author	NOUN
fsr-3867	124	3	’	'	PUNCT
fsr-3867	124	4	“	"	PUNCT
fsr-3867	124	5	dual	dual	ADJ
fsr-3867	124	6	-	-	PUNCT
fsr-3867	124	7	shortfall	shortfall	NOUN
fsr-3867	124	8	”	"	PUNCT
fsr-3867	124	9	approach	approach	NOUN
fsr-3867	124	10	demonstrates	demonstrate	VERB
fsr-3867	124	11	an	an	DET
fsr-3867	124	12	overlay	overlay	NOUN
fsr-3867	124	13	of	of	ADP
fsr-3867	124	14	the	the	DET
fsr-3867	124	15	two	two	NUM
fsr-3867	124	16	constraints	constraint	NOUN
fsr-3867	124	17	that	that	PRON
fsr-3867	124	18	were	be	AUX
fsr-3867	124	19	identified	identify	VERB
fsr-3867	124	20	by	by	ADP
fsr-3867	124	21	sharpe	sharpe	NOUN
fsr-3867	124	22	and	and	CCONJ
fsr-3867	124	23	tint	tint	NOUN
fsr-3867	124	24	(	(	PUNCT
fsr-3867	124	25	1990	1990	NUM
fsr-3867	124	26	)	)	PUNCT
fsr-3867	124	27	.	.	PUNCT
fsr-3867	125	1	macbeth	macbeth	PROPN
fsr-3867	125	2	et	et	PROPN
fsr-3867	125	3	al	al	PROPN
fsr-3867	125	4	.	.	PROPN
fsr-3867	125	5	(	(	PUNCT
fsr-3867	125	6	1994	1994	NUM
fsr-3867	125	7	)	)	PUNCT
fsr-3867	125	8	reiterate	reiterate	VERB
fsr-3867	125	9	the	the	DET
fsr-3867	125	10	importance	importance	NOUN
fsr-3867	125	11	of	of	ADP
fsr-3867	125	12	including	include	VERB
fsr-3867	125	13	the	the	DET
fsr-3867	125	14	surplus	surplus	ADJ
fsr-3867	125	15	framework	framework	NOUN
fsr-3867	125	16	when	when	SCONJ
fsr-3867	125	17	considering	consider	VERB
fsr-3867	125	18	asset	asset	NOUN
fsr-3867	125	19	allocations	allocation	NOUN
fsr-3867	125	20	for	for	ADP
fsr-3867	125	21	defined	define	VERB
fsr-3867	125	22	benefit	benefit	NOUN
fsr-3867	125	23	plans	plan	NOUN
fsr-3867	125	24	.	.	PUNCT
fsr-3867	126	1	the	the	DET
fsr-3867	126	2	authors	author	NOUN
fsr-3867	126	3	conclude	conclude	VERB
fsr-3867	126	4	that	that	SCONJ
fsr-3867	126	5	a	a	DET
fsr-3867	126	6	meaningful	meaningful	ADJ
fsr-3867	126	7	evaluation	evaluation	NOUN
fsr-3867	126	8	of	of	ADP
fsr-3867	126	9	the	the	DET
fsr-3867	126	10	true	true	ADJ
fsr-3867	126	11	risks	risk	NOUN
fsr-3867	126	12	and	and	CCONJ
fsr-3867	126	13	rewards	reward	NOUN
fsr-3867	126	14	for	for	ADP
fsr-3867	126	15	defined	define	VERB
fsr-3867	126	16	benefit	benefit	NOUN
fsr-3867	126	17	plans	plan	NOUN
fsr-3867	126	18	lies	lie	VERB
fsr-3867	126	19	not	not	PART
fsr-3867	126	20	on	on	ADP
fsr-3867	126	21	a	a	DET
fsr-3867	126	22	mean	mean	ADJ
fsr-3867	126	23	-	-	PUNCT
fsr-3867	126	24	variance	variance	NOUN
fsr-3867	126	25	analysis	analysis	NOUN
fsr-3867	126	26	of	of	ADP
fsr-3867	126	27	asset	asset	NOUN
fsr-3867	126	28	returns	return	NOUN
fsr-3867	126	29	,	,	PUNCT
fsr-3867	126	30	but	but	CCONJ
fsr-3867	126	31	by	by	ADP
fsr-3867	126	32	focusing	focus	VERB
fsr-3867	126	33	on	on	ADP
fsr-3867	126	34	future	future	ADJ
fsr-3867	126	35	sponsor	sponsor	NOUN
fsr-3867	126	36	contributions	contribution	NOUN
fsr-3867	126	37	instead	instead	ADV
fsr-3867	126	38	.	.	PUNCT
fsr-3867	127	1	peskin	peskin	ADJ
fsr-3867	127	2	(	(	PUNCT
fsr-3867	127	3	1997	1997	NUM
fsr-3867	127	4	)	)	PUNCT
fsr-3867	127	5	finds	find	VERB
fsr-3867	127	6	that	that	SCONJ
fsr-3867	127	7	defined	define	VERB
fsr-3867	127	8	benefit	benefit	NOUN
fsr-3867	127	9	plan	plan	NOUN
fsr-3867	127	10	investing	investing	NOUN
fsr-3867	127	11	has	have	AUX
fsr-3867	127	12	evolved	evolve	VERB
fsr-3867	127	13	from	from	ADP
fsr-3867	127	14	an	an	DET
fsr-3867	127	15	asset	asset	NOUN
fsr-3867	127	16	-	-	PUNCT
fsr-3867	127	17	only	only	ADV
fsr-3867	127	18	methodology	methodology	NOUN
fsr-3867	127	19	to	to	ADP
fsr-3867	127	20	an	an	DET
fsr-3867	127	21	asset	asset	NOUN
fsr-3867	127	22	/	/	SYM
fsr-3867	127	23	liability	liability	NOUN
fsr-3867	127	24	framework	framework	NOUN
fsr-3867	127	25	.	.	PUNCT
fsr-3867	128	1	the	the	DET
fsr-3867	128	2	author	author	NOUN
fsr-3867	128	3	concludes	conclude	VERB
fsr-3867	128	4	that	that	SCONJ
fsr-3867	128	5	corporations	corporation	NOUN
fsr-3867	128	6	can	can	AUX
fsr-3867	128	7	reduce	reduce	VERB
fsr-3867	128	8	the	the	DET
fsr-3867	128	9	present	present	ADJ
fsr-3867	128	10	value	value	NOUN
fsr-3867	128	11	of	of	ADP
fsr-3867	128	12	future	future	ADJ
fsr-3867	128	13	contributions	contribution	NOUN
fsr-3867	128	14	to	to	ADP
fsr-3867	128	15	the	the	DET
fsr-3867	128	16	plans	plan	NOUN
fsr-3867	128	17	by	by	ADP
fsr-3867	128	18	more	more	ADJ
fsr-3867	128	19	than	than	ADP
fsr-3867	128	20	20	20	NUM
fsr-3867	128	21	%	%	NOUN
fsr-3867	128	22	by	by	ADP
fsr-3867	128	23	incorporating	incorporate	VERB
fsr-3867	128	24	a	a	DET
fsr-3867	128	25	surplus	surplus	ADJ
fsr-3867	128	26	framework	framework	NOUN
fsr-3867	128	27	methodology	methodology	NOUN
fsr-3867	128	28	.	.	PUNCT
fsr-3867	129	1	further	far	ADV
fsr-3867	129	2	,	,	PUNCT
fsr-3867	129	3	peskin	peskin	PROPN
fsr-3867	129	4	finds	find	VERB
fsr-3867	129	5	that	that	SCONJ
fsr-3867	129	6	focusing	focus	VERB
fsr-3867	129	7	on	on	ADP
fsr-3867	129	8	asset	asset	NOUN
fsr-3867	129	9	-	-	PUNCT
fsr-3867	129	10	only	only	ADV
fsr-3867	129	11	return	return	NOUN
fsr-3867	129	12	maximization	maximization	NOUN
fsr-3867	129	13	leads	lead	VERB
fsr-3867	129	14	to	to	ADP
fsr-3867	129	15	financially	financially	ADV
fsr-3867	129	16	risky	risky	ADJ
fsr-3867	129	17	and	and	CCONJ
fsr-3867	129	18	costly	costly	ADJ
fsr-3867	129	19	asset	asset	NOUN
fsr-3867	129	20	allocation	allocation	NOUN
fsr-3867	129	21	decisions	decision	NOUN
fsr-3867	129	22	.	.	PUNCT
fsr-3867	130	1	one	one	NUM
fsr-3867	130	2	of	of	ADP
fsr-3867	130	3	the	the	DET
fsr-3867	130	4	key	key	ADJ
fsr-3867	130	5	components	component	NOUN
fsr-3867	130	6	of	of	ADP
fsr-3867	130	7	the	the	DET
fsr-3867	130	8	author	author	NOUN
fsr-3867	130	9	’s	’s	PART
fsr-3867	130	10	study	study	NOUN
fsr-3867	130	11	is	be	AUX
fsr-3867	130	12	the	the	DET
fsr-3867	130	13	discussion	discussion	NOUN
fsr-3867	130	14	on	on	ADP
fsr-3867	130	15	synchronizing	synchronize	VERB
fsr-3867	130	16	assets	asset	NOUN
fsr-3867	130	17	and	and	CCONJ
fsr-3867	130	18	liabilities	liability	NOUN
fsr-3867	130	19	.	.	PUNCT
fsr-3867	131	1	based	base	VERB
fsr-3867	131	2	on	on	ADP
fsr-3867	131	3	fig	fig	NOUN
fsr-3867	131	4	.	.	PUNCT
fsr-3867	132	1	1	1	NUM
fsr-3867	132	2	,	,	PUNCT
fsr-3867	132	3	the	the	DET
fsr-3867	132	4	reader	reader	NOUN
fsr-3867	132	5	can	can	AUX
fsr-3867	132	6	see	see	VERB
fsr-3867	132	7	that	that	SCONJ
fsr-3867	132	8	there	there	PRON
fsr-3867	132	9	are	be	VERB
fsr-3867	132	10	roughly	roughly	ADV
fsr-3867	132	11	an	an	DET
fsr-3867	132	12	equivalent	equivalent	ADJ
fsr-3867	132	13	number	number	NOUN
fsr-3867	132	14	of	of	ADP
fsr-3867	132	15	states	state	NOUN
fsr-3867	132	16	offering	offer	VERB
fsr-3867	132	17	prepaid	prepaid	ADJ
fsr-3867	132	18	plans	plan	NOUN
fsr-3867	132	19	as	as	ADP
fsr-3867	132	20	savings	saving	NOUN
fsr-3867	132	21	plans	plan	NOUN
fsr-3867	132	22	.	.	PUNCT
fsr-3867	133	1	reasons	reason	NOUN
fsr-3867	133	2	offered	offer	VERB
fsr-3867	133	3	for	for	ADP
fsr-3867	133	4	the	the	DET
fsr-3867	133	5	popularity	popularity	NOUN
fsr-3867	133	6	of	of	ADP
fsr-3867	133	7	the	the	DET
fsr-3867	133	8	college	college	NOUN
fsr-3867	133	9	savings	saving	NOUN
fsr-3867	133	10	plans	plan	NOUN
fsr-3867	133	11	is	be	AUX
fsr-3867	133	12	that	that	SCONJ
fsr-3867	133	13	they	they	PRON
fsr-3867	133	14	are	be	AUX
fsr-3867	133	15	less	less	ADV
fsr-3867	133	16	administratively	administratively	ADV
fsr-3867	133	17	difficult	difficult	ADJ
fsr-3867	133	18	and	and	CCONJ
fsr-3867	133	19	less	less	ADV
fsr-3867	133	20	risky	risky	ADJ
fsr-3867	133	21	than	than	ADP
fsr-3867	133	22	prepaid	prepaid	ADJ
fsr-3867	133	23	plans	plan	NOUN
fsr-3867	133	24	which	which	PRON
fsr-3867	133	25	involve	involve	VERB
fsr-3867	133	26	tuition	tuition	NOUN
fsr-3867	133	27	inflation	inflation	NOUN
fsr-3867	133	28	risk	risk	NOUN
fsr-3867	133	29	-	-	PUNCT
fsr-3867	133	30	shifting	shift	VERB
fsr-3867	133	31	.	.	PUNCT
fsr-3867	134	1	in	in	ADP
fsr-3867	134	2	the	the	DET
fsr-3867	134	3	next	next	ADJ
fsr-3867	134	4	section	section	NOUN
fsr-3867	134	5	,	,	PUNCT
fsr-3867	134	6	a	a	DET
fsr-3867	134	7	model	model	NOUN
fsr-3867	134	8	is	be	AUX
fsr-3867	134	9	developed	develop	VERB
fsr-3867	134	10	that	that	PRON
fsr-3867	134	11	builds	build	VERB
fsr-3867	134	12	upon	upon	SCONJ
fsr-3867	134	13	the	the	DET
fsr-3867	134	14	surplus	surplus	ADJ
fsr-3867	134	15	management	management	NOUN
fsr-3867	134	16	literature	literature	NOUN
fsr-3867	134	17	for	for	ADP
fsr-3867	134	18	defined	define	VERB
fsr-3867	134	19	benefit	benefit	NOUN
fsr-3867	134	20	plans	plan	NOUN
fsr-3867	134	21	.	.	PUNCT
fsr-3867	135	1	this	this	DET
fsr-3867	135	2	model	model	NOUN
fsr-3867	135	3	is	be	AUX
fsr-3867	135	4	extended	extend	VERB
fsr-3867	135	5	to	to	ADP
fsr-3867	135	6	prepaid	prepay	VERB
fsr-3867	135	7	college	college	NOUN
fsr-3867	135	8	tuition	tuition	NOUN
fsr-3867	135	9	plans	plan	NOUN
fsr-3867	135	10	,	,	PUNCT
fsr-3867	135	11	but	but	CCONJ
fsr-3867	135	12	can	can	AUX
fsr-3867	135	13	be	be	AUX
fsr-3867	135	14	employed	employ	VERB
fsr-3867	135	15	by	by	ADP
fsr-3867	135	16	individuals	individual	NOUN
fsr-3867	135	17	who	who	PRON
fsr-3867	135	18	choose	choose	VERB
fsr-3867	135	19	to	to	PART
fsr-3867	135	20	manage	manage	VERB
fsr-3867	135	21	their	their	PRON
fsr-3867	135	22	own	own	ADJ
fsr-3867	135	23	college	college	NOUN
fsr-3867	135	24	investment	investment	NOUN
fsr-3867	135	25	account	account	NOUN
fsr-3867	135	26	.	.	PUNCT
fsr-3867	136	1	4	4	X
fsr-3867	136	2	.	.	X
fsr-3867	136	3	surplus	surplus	NOUN
fsr-3867	136	4	framework	framework	NOUN
fsr-3867	136	5	model	model	NOUN
fsr-3867	136	6	sharpe	sharpe	PROPN
fsr-3867	136	7	and	and	CCONJ
fsr-3867	136	8	tint	tint	ADJ
fsr-3867	136	9	(	(	PUNCT
fsr-3867	136	10	1990	1990	NUM
fsr-3867	136	11	)	)	PUNCT
fsr-3867	136	12	present	present	VERB
fsr-3867	136	13	a	a	DET
fsr-3867	136	14	model	model	NOUN
fsr-3867	136	15	for	for	ADP
fsr-3867	136	16	surplus	surplus	ADJ
fsr-3867	136	17	optimization	optimization	NOUN
fsr-3867	136	18	in	in	ADP
fsr-3867	136	19	defined	define	VERB
fsr-3867	136	20	benefit	benefit	NOUN
fsr-3867	136	21	plans	plan	NOUN
fsr-3867	136	22	.	.	PUNCT
fsr-3867	137	1	their	their	PRON
fsr-3867	137	2	model	model	NOUN
fsr-3867	137	3	is	be	AUX
fsr-3867	137	4	based	base	VERB
fsr-3867	137	5	upon	upon	SCONJ
fsr-3867	137	6	the	the	DET
fsr-3867	137	7	goal	goal	NOUN
fsr-3867	137	8	of	of	ADP
fsr-3867	137	9	maximizing	maximize	VERB
fsr-3867	137	10	the	the	DET
fsr-3867	137	11	surplus	surplus	NOUN
fsr-3867	137	12	for	for	ADP
fsr-3867	137	13	a	a	DET
fsr-3867	137	14	plan	plan	NOUN
fsr-3867	137	15	in	in	ADP
fsr-3867	137	16	the	the	DET
fsr-3867	137	17	year	year	NOUN
fsr-3867	137	18	to	to	PART
fsr-3867	137	19	come	come	VERB
fsr-3867	137	20	.	.	PUNCT
fsr-3867	138	1	in	in	ADP
fsr-3867	138	2	this	this	DET
fsr-3867	138	3	section	section	NOUN
fsr-3867	138	4	,	,	PUNCT
fsr-3867	138	5	this	this	DET
fsr-3867	138	6	model	model	NOUN
fsr-3867	138	7	will	will	AUX
fsr-3867	138	8	be	be	AUX
fsr-3867	138	9	expanded	expand	VERB
fsr-3867	138	10	and	and	CCONJ
fsr-3867	138	11	presented	present	VERB
fsr-3867	138	12	with	with	ADP
fsr-3867	138	13	applications	application	NOUN
fsr-3867	138	14	for	for	ADP
fsr-3867	138	15	prepaid	prepaid	ADJ
fsr-3867	138	16	263j.w	263j.w	PROPN
fsr-3867	138	17	.	.	PUNCT
fsr-3867	139	1	russell	russell	PROPN
fsr-3867	139	2	,	,	PUNCT
fsr-3867	139	3	r.	r.	PROPN
fsr-3867	139	4	brooks	brooks	PROPN
fsr-3867	139	5	/	/	SYM
fsr-3867	139	6	financial	financial	ADJ
fsr-3867	139	7	services	service	NOUN
fsr-3867	139	8	review	review	VERB
fsr-3867	139	9	7	7	NUM
fsr-3867	139	10	(	(	PUNCT
fsr-3867	139	11	1998	1998	NUM
fsr-3867	139	12	)	)	PUNCT
fsr-3867	139	13	257–271	257–271	NUM
fsr-3867	139	14	college	college	NOUN
fsr-3867	139	15	tuition	tuition	NOUN
fsr-3867	139	16	plans	plan	NOUN
fsr-3867	139	17	.	.	PUNCT
fsr-3867	140	1	the	the	DET
fsr-3867	140	2	basic	basic	ADJ
fsr-3867	140	3	foundation	foundation	NOUN
fsr-3867	140	4	for	for	ADP
fsr-3867	140	5	the	the	DET
fsr-3867	140	6	model	model	NOUN
fsr-3867	140	7	is	be	AUX
fsr-3867	140	8	the	the	DET
fsr-3867	140	9	measure	measure	NOUN
fsr-3867	140	10	of	of	ADP
fsr-3867	140	11	surplus	surplus	NOUN
fsr-3867	140	12	,	,	PUNCT
fsr-3867	140	13	defined	define	VERB
fsr-3867	140	14	as	as	ADP
fsr-3867	140	15	assets	asset	NOUN
fsr-3867	140	16	minus	minus	ADP
fsr-3867	140	17	liabilities	liability	NOUN
fsr-3867	140	18	.	.	PUNCT
fsr-3867	141	1	sharpe	sharpe	PROPN
fsr-3867	141	2	and	and	CCONJ
fsr-3867	141	3	tint	tint	PROPN
fsr-3867	141	4	(	(	PUNCT
fsr-3867	141	5	1990	1990	NUM
fsr-3867	141	6	)	)	PUNCT
fsr-3867	141	7	further	far	ADV
fsr-3867	141	8	define	define	VERB
fsr-3867	141	9	a	a	DET
fsr-3867	141	10	variable	variable	NOUN
fsr-3867	141	11	,	,	PUNCT
fsr-3867	141	12	k	k	NOUN
fsr-3867	141	13	,	,	PUNCT
fsr-3867	141	14	that	that	PRON
fsr-3867	141	15	captures	capture	VERB
fsr-3867	141	16	the	the	DET
fsr-3867	141	17	importance	importance	NOUN
fsr-3867	141	18	attached	attach	VERB
fsr-3867	141	19	to	to	ADP
fsr-3867	141	20	the	the	DET
fsr-3867	141	21	liability	liability	NOUN
fsr-3867	141	22	by	by	ADP
fsr-3867	141	23	the	the	DET
fsr-3867	141	24	fund	fund	NOUN
fsr-3867	141	25	manager	manager	NOUN
fsr-3867	141	26	.	.	PUNCT
fsr-3867	142	1	this	this	DET
fsr-3867	142	2	variable	variable	NOUN
fsr-3867	142	3	can	can	AUX
fsr-3867	142	4	obtain	obtain	VERB
fsr-3867	142	5	values	value	NOUN
fsr-3867	142	6	within	within	ADP
fsr-3867	142	7	the	the	DET
fsr-3867	142	8	range	range	NOUN
fsr-3867	142	9	of	of	ADP
fsr-3867	142	10	zero	zero	NUM
fsr-3867	142	11	to	to	ADP
fsr-3867	142	12	one	one	NUM
fsr-3867	142	13	,	,	PUNCT
fsr-3867	142	14	where	where	SCONJ
fsr-3867	142	15	zero	zero	NUM
fsr-3867	142	16	implies	imply	VERB
fsr-3867	142	17	that	that	SCONJ
fsr-3867	142	18	liabilities	liability	NOUN
fsr-3867	142	19	are	be	AUX
fsr-3867	142	20	ignored	ignore	VERB
fsr-3867	142	21	,	,	PUNCT
fsr-3867	142	22	as	as	ADP
fsr-3867	142	23	in	in	ADP
fsr-3867	142	24	asset	asset	NOUN
fsr-3867	142	25	-	-	PUNCT
fsr-3867	142	26	only	only	ADV
fsr-3867	142	27	optimizations	optimization	NOUN
fsr-3867	142	28	,	,	PUNCT
fsr-3867	142	29	and	and	CCONJ
fsr-3867	142	30	one	one	NUM
fsr-3867	142	31	implies	imply	VERB
fsr-3867	142	32	that	that	SCONJ
fsr-3867	142	33	a	a	DET
fsr-3867	142	34	full	full	ADJ
fsr-3867	142	35	surplus	surplus	NOUN
fsr-3867	142	36	optimization	optimization	NOUN
fsr-3867	142	37	is	be	AUX
fsr-3867	142	38	utilized	utilize	VERB
fsr-3867	142	39	.	.	PUNCT
fsr-3867	143	1	by	by	ADP
fsr-3867	143	2	incorporating	incorporate	VERB
fsr-3867	143	3	this	this	DET
fsr-3867	143	4	variable	variable	NOUN
fsr-3867	143	5	,	,	PUNCT
fsr-3867	143	6	k	k	PROPN
fsr-3867	143	7	,	,	PUNCT
fsr-3867	143	8	the	the	DET
fsr-3867	143	9	surplus	surplus	ADJ
fsr-3867	143	10	model	model	NOUN
fsr-3867	143	11	becomes	become	VERB
fsr-3867	143	12	:	:	PUNCT
fsr-3867	143	13	s1	s1	PROPN
fsr-3867	143	14	5	5	NUM
fsr-3867	143	15	a0	a0	PROPN
fsr-3867	143	16	1	1	NUM
fsr-3867	143	17	a	a	DET
fsr-3867	143	18	1	1	NUM
fsr-3867	143	19	«	«	PUNCT
fsr-3867	143	20	a	a	DET
fsr-3867	143	21	2	2	NUM
fsr-3867	143	22	k(l0	k(l0	NOUN
fsr-3867	143	23	1	1	NUM
fsr-3867	143	24	l	l	NOUN
fsr-3867	143	25	1	1	NUM
fsr-3867	143	26	«	«	PUNCT
fsr-3867	143	27	l	l	NOUN
fsr-3867	143	28	)	)	PUNCT
fsr-3867	143	29	(	(	PUNCT
fsr-3867	143	30	1	1	X
fsr-3867	143	31	)	)	PUNCT
fsr-3867	143	32	where	where	SCONJ
fsr-3867	143	33	s1	s1	PROPN
fsr-3867	143	34	5	5	NUM
fsr-3867	143	35	next	next	ADJ
fsr-3867	143	36	year	year	NOUN
fsr-3867	143	37	’s	’s	PART
fsr-3867	143	38	surplus	surplus	NOUN
fsr-3867	143	39	a0	a0	NOUN
fsr-3867	143	40	5	5	NUM
fsr-3867	143	41	plan	plan	NOUN
fsr-3867	143	42	assets	asset	NOUN
fsr-3867	143	43	in	in	ADP
fsr-3867	143	44	period	period	NOUN
fsr-3867	143	45	0	0	NUM
fsr-3867	143	46	a	a	DET
fsr-3867	143	47	5	5	NUM
fsr-3867	143	48	net	net	ADJ
fsr-3867	143	49	cash	cash	NOUN
fsr-3867	143	50	for	for	ADP
fsr-3867	143	51	plan	plan	NOUN
fsr-3867	143	52	.	.	PUNCT
fsr-3867	144	1	this	this	DET
fsr-3867	144	2	value	value	NOUN
fsr-3867	144	3	is	be	AUX
fsr-3867	144	4	positive	positive	ADJ
fsr-3867	144	5	if	if	SCONJ
fsr-3867	144	6	there	there	PRON
fsr-3867	144	7	is	be	VERB
fsr-3867	144	8	a	a	DET
fsr-3867	144	9	net	net	ADJ
fsr-3867	144	10	increase	increase	NOUN
fsr-3867	144	11	in	in	ADP
fsr-3867	144	12	participation	participation	NOUN
fsr-3867	144	13	or	or	CCONJ
fsr-3867	144	14	negative	negative	ADJ
fsr-3867	144	15	if	if	SCONJ
fsr-3867	144	16	there	there	PRON
fsr-3867	144	17	is	be	VERB
fsr-3867	144	18	a	a	DET
fsr-3867	144	19	net	net	ADJ
fsr-3867	144	20	outflow	outflow	NOUN
fsr-3867	144	21	of	of	ADP
fsr-3867	144	22	funds	fund	NOUN
fsr-3867	144	23	,	,	PUNCT
fsr-3867	144	24	e.g.	e.g.	ADV
fsr-3867	144	25	the	the	DET
fsr-3867	144	26	child	child	NOUN
fsr-3867	144	27	decides	decide	VERB
fsr-3867	144	28	to	to	ADP
fsr-3867	144	29	forego	forego	ADJ
fsr-3867	144	30	college	college	NOUN
fsr-3867	144	31	.	.	PUNCT
fsr-3867	145	1	«	«	PUNCT
fsr-3867	145	2	a	a	DET
fsr-3867	145	3	5	5	NUM
fsr-3867	145	4	return	return	NOUN
fsr-3867	145	5	on	on	ADP
fsr-3867	145	6	plan	plan	NOUN
fsr-3867	145	7	assets	asset	NOUN
fsr-3867	145	8	during	during	ADP
fsr-3867	145	9	period	period	NOUN
fsr-3867	145	10	0	0	NUM
fsr-3867	145	11	to	to	ADP
fsr-3867	145	12	1	1	NUM
fsr-3867	145	13	k	k	SYM
fsr-3867	145	14	5	5	NUM
fsr-3867	145	15	importance	importance	NOUN
fsr-3867	145	16	attached	attach	VERB
fsr-3867	145	17	to	to	ADP
fsr-3867	145	18	liability	liability	NOUN
fsr-3867	145	19	l0	l0	PROPN
fsr-3867	145	20	5	5	NUM
fsr-3867	145	21	plan	plan	NOUN
fsr-3867	145	22	liabilities	liability	NOUN
fsr-3867	145	23	in	in	ADP
fsr-3867	145	24	period	period	NOUN
fsr-3867	145	25	0	0	NUM
fsr-3867	145	26	l	l	NOUN
fsr-3867	145	27	5	5	NUM
fsr-3867	145	28	present	present	ADJ
fsr-3867	145	29	value	value	NOUN
fsr-3867	145	30	of	of	ADP
fsr-3867	145	31	net	net	ADJ
fsr-3867	145	32	additions	addition	NOUN
fsr-3867	145	33	/	/	SYM
fsr-3867	145	34	reductions	reduction	NOUN
fsr-3867	145	35	in	in	ADP
fsr-3867	145	36	liabilities	liability	NOUN
fsr-3867	145	37	during	during	ADP
fsr-3867	145	38	period	period	NOUN
fsr-3867	145	39	«	«	PUNCT
fsr-3867	145	40	l	l	NOUN
fsr-3867	145	41	5	5	NUM
fsr-3867	145	42	return	return	NOUN
fsr-3867	145	43	on	on	ADP
fsr-3867	145	44	liabilities	liability	NOUN
fsr-3867	145	45	due	due	ADJ
fsr-3867	145	46	to	to	ADP
fsr-3867	145	47	underlying	underlie	VERB
fsr-3867	145	48	market	market	NOUN
fsr-3867	145	49	factors	factor	NOUN
fsr-3867	145	50	,	,	PUNCT
fsr-3867	145	51	i.e.	i.e.	X
fsr-3867	145	52	tuition	tuition	NOUN
fsr-3867	145	53	inflation	inflation	NOUN
fsr-3867	145	54	,	,	PUNCT
fsr-3867	145	55	rather	rather	ADV
fsr-3867	145	56	than	than	ADP
fsr-3867	145	57	an	an	DET
fsr-3867	145	58	addition	addition	NOUN
fsr-3867	145	59	or	or	CCONJ
fsr-3867	145	60	paydown	paydown	NOUN
fsr-3867	145	61	in	in	ADP
fsr-3867	145	62	the	the	DET
fsr-3867	145	63	plan	plan	NOUN
fsr-3867	145	64	’s	’s	PART
fsr-3867	145	65	liabilities	liability	NOUN
fsr-3867	145	66	.	.	PUNCT
fsr-3867	146	1	the	the	DET
fsr-3867	146	2	liability	liability	NOUN
fsr-3867	146	3	incurred	incur	VERB
fsr-3867	146	4	by	by	ADP
fsr-3867	146	5	the	the	DET
fsr-3867	146	6	plan	plan	NOUN
fsr-3867	146	7	,	,	PUNCT
fsr-3867	146	8	l	l	NOUN
fsr-3867	146	9	,	,	PUNCT
fsr-3867	146	10	is	be	AUX
fsr-3867	146	11	the	the	DET
fsr-3867	146	12	present	present	ADJ
fsr-3867	146	13	value	value	NOUN
fsr-3867	146	14	of	of	ADP
fsr-3867	146	15	the	the	DET
fsr-3867	146	16	expected	expect	VERB
fsr-3867	146	17	future	future	ADJ
fsr-3867	146	18	tuition	tuition	NOUN
fsr-3867	146	19	payment	payment	NOUN
fsr-3867	146	20	.	.	PUNCT
fsr-3867	147	1	this	this	DET
fsr-3867	147	2	value	value	NOUN
fsr-3867	147	3	may	may	AUX
fsr-3867	147	4	be	be	AUX
fsr-3867	147	5	determined	determine	VERB
fsr-3867	147	6	by	by	ADP
fsr-3867	147	7	projecting	project	VERB
fsr-3867	147	8	tuition	tuition	NOUN
fsr-3867	147	9	into	into	ADP
fsr-3867	147	10	the	the	DET
fsr-3867	147	11	future	future	NOUN
fsr-3867	147	12	and	and	CCONJ
fsr-3867	147	13	then	then	ADV
fsr-3867	147	14	discounting	discount	VERB
fsr-3867	147	15	the	the	DET
fsr-3867	147	16	future	future	ADJ
fsr-3867	147	17	value	value	NOUN
fsr-3867	147	18	by	by	ADP
fsr-3867	147	19	an	an	DET
fsr-3867	147	20	appropriate	appropriate	ADJ
fsr-3867	147	21	discount	discount	NOUN
fsr-3867	147	22	factor	factor	NOUN
fsr-3867	147	23	.	.	PUNCT
fsr-3867	148	1	the	the	DET
fsr-3867	148	2	present	present	ADJ
fsr-3867	148	3	values	value	NOUN
fsr-3867	148	4	of	of	ADP
fsr-3867	148	5	the	the	DET
fsr-3867	148	6	assets	asset	NOUN
fsr-3867	148	7	,	,	PUNCT
fsr-3867	148	8	a	a	PRON
fsr-3867	148	9	,	,	PUNCT
fsr-3867	148	10	and	and	CCONJ
fsr-3867	148	11	liabilities	liability	NOUN
fsr-3867	148	12	,	,	PUNCT
fsr-3867	148	13	l	l	NOUN
fsr-3867	148	14	may	may	AUX
fsr-3867	148	15	differ	differ	VERB
fsr-3867	148	16	due	due	ADP
fsr-3867	148	17	to	to	ADP
fsr-3867	148	18	the	the	DET
fsr-3867	148	19	recognition	recognition	NOUN
fsr-3867	148	20	of	of	ADP
fsr-3867	148	21	the	the	DET
fsr-3867	148	22	liability	liability	NOUN
fsr-3867	148	23	.	.	PUNCT
fsr-3867	149	1	in	in	ADP
fsr-3867	149	2	this	this	DET
fsr-3867	149	3	study	study	NOUN
fsr-3867	149	4	,	,	PUNCT
fsr-3867	149	5	it	it	PRON
fsr-3867	149	6	is	be	AUX
fsr-3867	149	7	assumed	assume	VERB
fsr-3867	149	8	that	that	SCONJ
fsr-3867	149	9	the	the	DET
fsr-3867	149	10	fund	fund	NOUN
fsr-3867	149	11	recognizes	recognize	VERB
fsr-3867	149	12	a	a	DET
fsr-3867	149	13	liability	liability	NOUN
fsr-3867	149	14	,	,	PUNCT
fsr-3867	149	15	l	l	NOUN
fsr-3867	149	16	,	,	PUNCT
fsr-3867	149	17	that	that	PRON
fsr-3867	149	18	is	be	AUX
fsr-3867	149	19	equal	equal	ADJ
fsr-3867	149	20	to	to	ADP
fsr-3867	149	21	the	the	DET
fsr-3867	149	22	inflow	inflow	NOUN
fsr-3867	149	23	of	of	ADP
fsr-3867	149	24	assets	asset	NOUN
fsr-3867	149	25	,	,	PUNCT
fsr-3867	149	26	a.	a.	NOUN
fsr-3867	149	27	the	the	DET
fsr-3867	149	28	present	present	ADJ
fsr-3867	149	29	value	value	NOUN
fsr-3867	149	30	of	of	ADP
fsr-3867	149	31	the	the	DET
fsr-3867	149	32	future	future	ADJ
fsr-3867	149	33	tuition	tuition	NOUN
fsr-3867	149	34	outlay	outlay	NOUN
fsr-3867	149	35	is	be	AUX
fsr-3867	149	36	equal	equal	ADJ
fsr-3867	149	37	to	to	ADP
fsr-3867	149	38	the	the	DET
fsr-3867	149	39	prepaid	prepaid	ADJ
fsr-3867	149	40	tuition	tuition	NOUN
fsr-3867	149	41	that	that	PRON
fsr-3867	149	42	is	be	AUX
fsr-3867	149	43	being	be	AUX
fsr-3867	149	44	purchased	purchase	VERB
fsr-3867	149	45	today	today	NOUN
fsr-3867	149	46	.	.	PUNCT
fsr-3867	150	1	we	we	PRON
fsr-3867	150	2	can	can	AUX
fsr-3867	150	3	relax	relax	VERB
fsr-3867	150	4	this	this	DET
fsr-3867	150	5	assumption	assumption	NOUN
fsr-3867	150	6	without	without	ADP
fsr-3867	150	7	materially	materially	ADV
fsr-3867	150	8	impacting	impact	VERB
fsr-3867	150	9	the	the	DET
fsr-3867	150	10	results	result	NOUN
fsr-3867	150	11	.	.	PUNCT
fsr-3867	151	1	assuming	assume	VERB
fsr-3867	151	2	thata	thata	VERB
fsr-3867	151	3	5	5	NUM
fsr-3867	151	4	kl	kl	NOUN
fsr-3867	151	5	and	and	CCONJ
fsr-3867	151	6	expressing	express	VERB
fsr-3867	151	7	eqn	eqn	NOUN
fsr-3867	151	8	.	.	PUNCT
fsr-3867	151	9	1	1	NUM
fsr-3867	151	10	relative	relative	ADJ
fsr-3867	151	11	to	to	ADP
fsr-3867	151	12	today	today	NOUN
fsr-3867	151	13	’s	’s	PART
fsr-3867	151	14	asset	asset	NOUN
fsr-3867	151	15	value	value	NOUN
fsr-3867	151	16	we	we	PRON
fsr-3867	151	17	have	have	VERB
fsr-3867	151	18	the	the	DET
fsr-3867	151	19	following	follow	VERB
fsr-3867	151	20	:	:	PUNCT
fsr-3867	151	21	s1	s1	PROPN
fsr-3867	151	22	/	/	SYM
fsr-3867	151	23	a0	a0	PROPN
fsr-3867	151	24	5	5	NUM
fsr-3867	152	1	[	[	X
fsr-3867	152	2	a0	a0	NOUN
fsr-3867	152	3	1	1	NUM
fsr-3867	152	4	«	«	PUNCT
fsr-3867	152	5	a]/a0	a]/a0	X
fsr-3867	152	6	–	–	PUNCT
fsr-3867	152	7	k[l0	k[l0	ADV
fsr-3867	152	8	1	1	NUM
fsr-3867	152	9	«	«	PUNCT
fsr-3867	152	10	l]/a0	l]/a0	X
fsr-3867	152	11	(	(	PUNCT
fsr-3867	152	12	2	2	NUM
fsr-3867	152	13	)	)	PUNCT
fsr-3867	152	14	in	in	ADP
fsr-3867	152	15	order	order	NOUN
fsr-3867	152	16	to	to	PART
fsr-3867	152	17	provide	provide	VERB
fsr-3867	152	18	additions	addition	NOUN
fsr-3867	152	19	to	to	ADP
fsr-3867	152	20	the	the	DET
fsr-3867	152	21	surplus	surplus	NOUN
fsr-3867	152	22	,	,	PUNCT
fsr-3867	152	23	the	the	DET
fsr-3867	152	24	plan	plan	NOUN
fsr-3867	152	25	would	would	AUX
fsr-3867	152	26	need	need	VERB
fsr-3867	152	27	for	for	SCONJ
fsr-3867	152	28	the	the	DET
fsr-3867	152	29	asset	asset	NOUN
fsr-3867	152	30	investments	investment	NOUN
fsr-3867	152	31	to	to	PART
fsr-3867	152	32	exceed	exceed	VERB
fsr-3867	152	33	the	the	DET
fsr-3867	152	34	liability	liability	NOUN
fsr-3867	152	35	return	return	NOUN
fsr-3867	152	36	,	,	PUNCT
fsr-3867	152	37	or«a	or«a	NOUN
fsr-3867	152	38	.	.	PUNCT
fsr-3867	153	1	«	«	PUNCT
fsr-3867	153	2	l.	l.	NOUN
fsr-3867	153	3	in	in	ADP
fsr-3867	153	4	other	other	ADJ
fsr-3867	153	5	words	word	NOUN
fsr-3867	153	6	,	,	PUNCT
fsr-3867	153	7	the	the	DET
fsr-3867	153	8	funds	fund	NOUN
fsr-3867	153	9	invested	invest	VERB
fsr-3867	153	10	need	need	VERB
fsr-3867	153	11	to	to	PART
fsr-3867	153	12	provide	provide	VERB
fsr-3867	153	13	a	a	DET
fsr-3867	153	14	higher	high	ADJ
fsr-3867	153	15	return	return	NOUN
fsr-3867	153	16	than	than	ADP
fsr-3867	153	17	the	the	DET
fsr-3867	153	18	change	change	NOUN
fsr-3867	153	19	in	in	ADP
fsr-3867	153	20	the	the	DET
fsr-3867	153	21	liability	liability	NOUN
fsr-3867	153	22	.	.	PUNCT
fsr-3867	154	1	the	the	DET
fsr-3867	154	2	change	change	NOUN
fsr-3867	154	3	in	in	ADP
fsr-3867	154	4	the	the	DET
fsr-3867	154	5	liability	liability	NOUN
fsr-3867	154	6	is	be	AUX
fsr-3867	154	7	directly	directly	ADV
fsr-3867	154	8	impacted	impact	VERB
fsr-3867	154	9	by	by	ADP
fsr-3867	154	10	tuition	tuition	NOUN
fsr-3867	154	11	inflation	inflation	NOUN
fsr-3867	154	12	.	.	PUNCT
fsr-3867	155	1	to	to	PART
fsr-3867	155	2	maximize	maximize	VERB
fsr-3867	155	3	the	the	DET
fsr-3867	155	4	plan	plan	NOUN
fsr-3867	155	5	surplus	surplus	NOUN
fsr-3867	155	6	,	,	PUNCT
fsr-3867	155	7	s1	s1	NOUN
fsr-3867	155	8	,	,	PUNCT
fsr-3867	155	9	the	the	DET
fsr-3867	155	10	manager	manager	NOUN
fsr-3867	155	11	must	must	AUX
fsr-3867	155	12	make	make	VERB
fsr-3867	155	13	asset	asset	NOUN
fsr-3867	155	14	allocation	allocation	NOUN
fsr-3867	155	15	decisions	decision	NOUN
fsr-3867	155	16	that	that	PRON
fsr-3867	155	17	are	be	AUX
fsr-3867	155	18	inclusive	inclusive	ADJ
fsr-3867	155	19	of	of	ADP
fsr-3867	155	20	the	the	DET
fsr-3867	155	21	liability	liability	NOUN
fsr-3867	155	22	of	of	ADP
fsr-3867	155	23	the	the	DET
fsr-3867	155	24	plan	plan	NOUN
fsr-3867	155	25	.	.	PUNCT
fsr-3867	156	1	equation	equation	NOUN
fsr-3867	156	2	2	2	NUM
fsr-3867	156	3	can	can	AUX
fsr-3867	156	4	now	now	ADV
fsr-3867	156	5	be	be	AUX
fsr-3867	156	6	expressed	express	VERB
fsr-3867	156	7	using	use	VERB
fsr-3867	156	8	the	the	DET
fsr-3867	156	9	more	more	ADV
fsr-3867	156	10	familiar	familiar	ADJ
fsr-3867	156	11	notation	notation	NOUN
fsr-3867	156	12	of	of	ADP
fsr-3867	156	13	returns	return	NOUN
fsr-3867	156	14	.	.	PUNCT
fsr-3867	157	1	for	for	ADP
fsr-3867	157	2	instance	instance	NOUN
fsr-3867	157	3	,	,	PUNCT
fsr-3867	157	4	the	the	DET
fsr-3867	157	5	term	term	NOUN
fsr-3867	158	1	[	[	X
fsr-3867	158	2	a0	a0	NOUN
fsr-3867	158	3	1	1	NUM
fsr-3867	158	4	«	«	PUNCT
fsr-3867	158	5	a]/a0	a]/a0	NUM
fsr-3867	158	6	,	,	PUNCT
fsr-3867	158	7	next	next	ADJ
fsr-3867	158	8	year	year	NOUN
fsr-3867	158	9	’s	’s	PART
fsr-3867	158	10	asset	asset	NOUN
fsr-3867	158	11	value	value	NOUN
fsr-3867	158	12	over	over	ADP
fsr-3867	158	13	this	this	DET
fsr-3867	158	14	year	year	NOUN
fsr-3867	158	15	’s	’s	PART
fsr-3867	158	16	value	value	NOUN
fsr-3867	158	17	,	,	PUNCT
fsr-3867	158	18	equals	equal	VERB
fsr-3867	158	19	11	11	NUM
fsr-3867	158	20	ra	ra	NOUN
fsr-3867	158	21	.	.	PUNCT
fsr-3867	159	1	multiplying	multiply	VERB
fsr-3867	159	2	the	the	DET
fsr-3867	159	3	final	final	ADJ
fsr-3867	159	4	term	term	NOUN
fsr-3867	159	5	by	by	ADP
fsr-3867	159	6	the	the	DET
fsr-3867	159	7	constant	constant	ADJ
fsr-3867	159	8	l0	l0	PROPN
fsr-3867	159	9	/	/	SYM
fsr-3867	159	10	l0	l0	PROPN
fsr-3867	159	11	,	,	PUNCT
fsr-3867	159	12	we	we	PRON
fsr-3867	159	13	may	may	AUX
fsr-3867	159	14	express	express	VERB
fsr-3867	159	15	the	the	DET
fsr-3867	159	16	liability	liability	NOUN
fsr-3867	159	17	using	use	VERB
fsr-3867	159	18	the	the	DET
fsr-3867	159	19	notation	notation	NOUN
fsr-3867	159	20	of	of	ADP
fsr-3867	159	21	returns	return	NOUN
fsr-3867	159	22	,	,	PUNCT
fsr-3867	159	23	i.e.	i.e.	X
fsr-3867	159	24	,	,	PUNCT
fsr-3867	159	25	[	[	X
fsr-3867	159	26	l0	l0	NOUN
fsr-3867	159	27	1	1	NUM
fsr-3867	159	28	«	«	PUNCT
fsr-3867	159	29	l]/l0	l]/l0	VERB
fsr-3867	159	30	5	5	NUM
fsr-3867	159	31	1	1	NUM
fsr-3867	159	32	1	1	NUM
fsr-3867	159	33	rl	rl	NOUN
fsr-3867	159	34	.	.	PUNCT
fsr-3867	159	35	s1	s1	PROPN
fsr-3867	159	36	/	/	SYM
fsr-3867	159	37	a0	a0	PROPN
fsr-3867	159	38	5	5	NUM
fsr-3867	159	39	1	1	NUM
fsr-3867	159	40	1	1	NUM
fsr-3867	159	41	ra	ra	NOUN
fsr-3867	159	42	–	–	PUNCT
fsr-3867	159	43	k[l0	k[l0	ADJ
fsr-3867	159	44	/	/	SYM
fsr-3867	159	45	a0][1	a0][1	ADJ
fsr-3867	159	46	1	1	NUM
fsr-3867	159	47	rl	rl	NOUN
fsr-3867	159	48	]	]	PUNCT
fsr-3867	159	49	(	(	PUNCT
fsr-3867	159	50	3	3	X
fsr-3867	159	51	)	)	PUNCT
fsr-3867	159	52	equation	equation	NOUN
fsr-3867	159	53	3	3	NUM
fsr-3867	159	54	can	can	AUX
fsr-3867	159	55	be	be	AUX
fsr-3867	159	56	rearranged	rearrange	VERB
fsr-3867	159	57	into	into	ADP
fsr-3867	159	58	certain	certain	ADJ
fsr-3867	159	59	components	component	NOUN
fsr-3867	159	60	and	and	CCONJ
fsr-3867	159	61	uncertain	uncertain	ADJ
fsr-3867	159	62	components	component	NOUN
fsr-3867	159	63	:	:	PUNCT
fsr-3867	160	1	264	264	NUM
fsr-3867	160	2	j.w	j.w	PROPN
fsr-3867	160	3	.	.	PROPN
fsr-3867	160	4	russell	russell	PROPN
fsr-3867	160	5	,	,	PUNCT
fsr-3867	160	6	r.	r.	PROPN
fsr-3867	160	7	brooks	brooks	PROPN
fsr-3867	160	8	/	/	SYM
fsr-3867	160	9	financial	financial	ADJ
fsr-3867	160	10	services	service	NOUN
fsr-3867	160	11	review	review	VERB
fsr-3867	160	12	7	7	NUM
fsr-3867	160	13	(	(	PUNCT
fsr-3867	160	14	1998	1998	NUM
fsr-3867	160	15	)	)	PUNCT
fsr-3867	160	16	257–271	257–271	NUM
fsr-3867	160	17	s1	s1	NOUN
fsr-3867	160	18	/	/	SYM
fsr-3867	160	19	a0	a0	NOUN
fsr-3867	160	20	5	5	NUM
fsr-3867	160	21	[	[	SYM
fsr-3867	160	22	1	1	NUM
fsr-3867	160	23	–	–	PUNCT
fsr-3867	160	24	k(l0	k(l0	NOUN
fsr-3867	160	25	/	/	SYM
fsr-3867	160	26	a0	a0	PROPN
fsr-3867	160	27	)	)	PUNCT
fsr-3867	160	28	]	]	PUNCT
fsr-3867	161	1	1	1	NUM
fsr-3867	161	2	[	[	X
fsr-3867	161	3	ra	ra	INTJ
fsr-3867	161	4	–	–	PUNCT
fsr-3867	161	5	k(l0	k(l0	NOUN
fsr-3867	161	6	/	/	SYM
fsr-3867	161	7	a0)rl	a0)rl	PROPN
fsr-3867	161	8	]	]	PUNCT
fsr-3867	161	9	(	(	PUNCT
fsr-3867	161	10	4	4	X
fsr-3867	161	11	)	)	PUNCT
fsr-3867	161	12	the	the	DET
fsr-3867	161	13	first	first	ADJ
fsr-3867	161	14	bracketed	bracketed	ADJ
fsr-3867	161	15	term	term	NOUN
fsr-3867	161	16	on	on	ADP
fsr-3867	161	17	the	the	DET
fsr-3867	161	18	right	right	ADJ
fsr-3867	161	19	-	-	PUNCT
fsr-3867	161	20	hand	hand	NOUN
fsr-3867	161	21	side	side	NOUN
fsr-3867	161	22	of	of	ADP
fsr-3867	161	23	eqn	eqn	NOUN
fsr-3867	161	24	.	.	PUNCT
fsr-3867	162	1	4	4	NUM
fsr-3867	162	2	is	be	AUX
fsr-3867	162	3	certain	certain	ADJ
fsr-3867	162	4	,	,	PUNCT
fsr-3867	162	5	while	while	SCONJ
fsr-3867	162	6	the	the	DET
fsr-3867	162	7	second	second	ADJ
fsr-3867	162	8	term	term	NOUN
fsr-3867	162	9	is	be	AUX
fsr-3867	162	10	uncertain	uncertain	ADJ
fsr-3867	162	11	.	.	PUNCT
fsr-3867	163	1	the	the	DET
fsr-3867	163	2	prepaid	prepaid	PROPN
fsr-3867	163	3	college	college	PROPN
fsr-3867	163	4	tuition	tuition	NOUN
fsr-3867	163	5	plan	plan	NOUN
fsr-3867	163	6	manager	manager	NOUN
fsr-3867	163	7	,	,	PUNCT
fsr-3867	163	8	or	or	CCONJ
fsr-3867	163	9	individual	individual	ADJ
fsr-3867	163	10	managing	manage	VERB
fsr-3867	163	11	his	his	PRON
fsr-3867	163	12	/	/	SYM
fsr-3867	163	13	her	her	PRON
fsr-3867	163	14	own	own	ADJ
fsr-3867	163	15	college	college	NOUN
fsr-3867	163	16	investment	investment	NOUN
fsr-3867	163	17	account	account	NOUN
fsr-3867	163	18	,	,	PUNCT
fsr-3867	163	19	is	be	AUX
fsr-3867	163	20	concerned	concern	VERB
fsr-3867	163	21	with	with	ADP
fsr-3867	163	22	maximizing	maximize	VERB
fsr-3867	163	23	next	next	ADJ
fsr-3867	163	24	year	year	NOUN
fsr-3867	163	25	’s	’s	PART
fsr-3867	163	26	surplus	surplus	NOUN
fsr-3867	163	27	by	by	ADP
fsr-3867	163	28	making	make	VERB
fsr-3867	163	29	appropriate	appropriate	ADJ
fsr-3867	163	30	asset	asset	NOUN
fsr-3867	163	31	allocation	allocation	NOUN
fsr-3867	163	32	choices	choice	NOUN
fsr-3867	163	33	today	today	NOUN
fsr-3867	163	34	.	.	PUNCT
fsr-3867	164	1	the	the	DET
fsr-3867	164	2	manager	manager	NOUN
fsr-3867	164	3	is	be	AUX
fsr-3867	164	4	concerned	concern	VERB
fsr-3867	164	5	with	with	ADP
fsr-3867	164	6	the	the	DET
fsr-3867	164	7	effects	effect	NOUN
fsr-3867	164	8	of	of	ADP
fsr-3867	164	9	the	the	DET
fsr-3867	164	10	asset	asset	NOUN
fsr-3867	164	11	allocation	allocation	NOUN
fsr-3867	164	12	decision	decision	NOUN
fsr-3867	164	13	on	on	ADP
fsr-3867	164	14	the	the	DET
fsr-3867	164	15	second	second	ADJ
fsr-3867	164	16	term	term	NOUN
fsr-3867	164	17	on	on	ADP
fsr-3867	164	18	the	the	DET
fsr-3867	164	19	right	right	ADJ
fsr-3867	164	20	-	-	PUNCT
fsr-3867	164	21	hand	hand	NOUN
fsr-3867	164	22	side	side	NOUN
fsr-3867	164	23	of	of	ADP
fsr-3867	164	24	eqn	eqn	NOUN
fsr-3867	164	25	.	.	PUNCT
fsr-3867	165	1	4	4	NUM
fsr-3867	165	2	,	,	PUNCT
fsr-3867	165	3	that	that	ADV
fsr-3867	165	4	is	is	ADV
fsr-3867	165	5	,	,	PUNCT
fsr-3867	165	6	the	the	DET
fsr-3867	165	7	uncertain	uncertain	ADJ
fsr-3867	165	8	component	component	NOUN
fsr-3867	165	9	.	.	PUNCT
fsr-3867	166	1	for	for	ADP
fsr-3867	166	2	convenience	convenience	NOUN
fsr-3867	166	3	this	this	DET
fsr-3867	166	4	term	term	NOUN
fsr-3867	166	5	can	can	AUX
fsr-3867	166	6	be	be	AUX
fsr-3867	166	7	defined	define	VERB
fsr-3867	166	8	asm	asm	NOUN
fsr-3867	166	9	:	:	PUNCT
fsr-3867	166	10	m	m	AUX
fsr-3867	166	11	§	§	PROPN
fsr-3867	166	12	[	[	X
fsr-3867	166	13	ra	ra	INTJ
fsr-3867	166	14	–	–	PUNCT
fsr-3867	166	15	k(l0	k(l0	NOUN
fsr-3867	166	16	/	/	SYM
fsr-3867	166	17	a0)rl	a0)rl	PROPN
fsr-3867	166	18	]	]	PUNCT
fsr-3867	166	19	(	(	PUNCT
fsr-3867	166	20	5	5	X
fsr-3867	166	21	)	)	PUNCT
fsr-3867	166	22	equation	equation	NOUN
fsr-3867	166	23	6	6	NUM
fsr-3867	166	24	summarizes	summarize	VERB
fsr-3867	166	25	the	the	DET
fsr-3867	166	26	objective	objective	NOUN
fsr-3867	166	27	of	of	ADP
fsr-3867	166	28	surplus	surplus	ADJ
fsr-3867	166	29	optimization	optimization	NOUN
fsr-3867	166	30	using	use	VERB
fsr-3867	166	31	a	a	DET
fsr-3867	166	32	one	one	NUM
fsr-3867	166	33	-	-	PUNCT
fsr-3867	166	34	period	period	NOUN
fsr-3867	166	35	model	model	NOUN
fsr-3867	166	36	,	,	PUNCT
fsr-3867	166	37	t	t	PROPN
fsr-3867	166	38	5	5	NUM
fsr-3867	166	39	1	1	NUM
fsr-3867	166	40	,	,	PUNCT
fsr-3867	166	41	and	and	CCONJ
fsr-3867	166	42	the	the	DET
fsr-3867	166	43	goal	goal	NOUN
fsr-3867	166	44	of	of	ADP
fsr-3867	166	45	utility	utility	NOUN
fsr-3867	166	46	maximization	maximization	NOUN
fsr-3867	166	47	where	where	SCONJ
fsr-3867	166	48	we	we	PRON
fsr-3867	166	49	assume	assume	VERB
fsr-3867	166	50	a	a	DET
fsr-3867	166	51	quadratic	quadratic	ADJ
fsr-3867	166	52	utility	utility	NOUN
fsr-3867	166	53	function	function	NOUN
fsr-3867	166	54	:	:	PUNCT
fsr-3867	166	55	umax§	umax§	PROPN
fsr-3867	166	56	e[m	e[m	X
fsr-3867	166	57	]	]	PUNCT
fsr-3867	166	58	–	–	PUNCT
fsr-3867	166	59	var[m]/h	var[m]/h	PROPN
fsr-3867	166	60	(	(	PUNCT
fsr-3867	166	61	6	6	NUM
fsr-3867	166	62	)	)	PUNCT
fsr-3867	166	63	where	where	SCONJ
fsr-3867	166	64	:	:	PUNCT
fsr-3867	166	65	e[m	e[m	PROPN
fsr-3867	166	66	]	]	X
fsr-3867	166	67	denotes	denote	VERB
fsr-3867	166	68	the	the	DET
fsr-3867	166	69	expected	expect	VERB
fsr-3867	166	70	return	return	NOUN
fsr-3867	166	71	of	of	ADP
fsr-3867	166	72	the	the	DET
fsr-3867	166	73	uncertain	uncertain	ADJ
fsr-3867	166	74	component	component	NOUN
fsr-3867	166	75	,	,	PUNCT
fsr-3867	166	76	m	m	VERB
fsr-3867	166	77	var[m	var[m	ADJ
fsr-3867	166	78	]	]	PUNCT
fsr-3867	166	79	denotes	denote	VERB
fsr-3867	166	80	the	the	DET
fsr-3867	166	81	variance	variance	NOUN
fsr-3867	166	82	of	of	ADP
fsr-3867	166	83	the	the	DET
fsr-3867	166	84	uncertain	uncertain	ADJ
fsr-3867	166	85	component	component	NOUN
fsr-3867	166	86	,	,	PUNCT
fsr-3867	166	87	m	m	VERB
fsr-3867	166	88	h	h	NOUN
fsr-3867	166	89	denotes	denote	VERB
fsr-3867	166	90	the	the	DET
fsr-3867	166	91	fund	fund	NOUN
fsr-3867	166	92	manager	manager	NOUN
fsr-3867	166	93	’s	’s	PART
fsr-3867	166	94	,	,	PUNCT
fsr-3867	166	95	or	or	CCONJ
fsr-3867	166	96	individual	individual	NOUN
fsr-3867	166	97	’s	’s	PART
fsr-3867	166	98	,	,	PUNCT
fsr-3867	166	99	risk	risk	VERB
fsr-3867	166	100	tolerance	tolerance	NOUN
fsr-3867	166	101	with	with	ADP
fsr-3867	166	102	the	the	DET
fsr-3867	166	103	substitution	substitution	NOUN
fsr-3867	166	104	ofm	ofm	PROPN
fsr-3867	166	105	into	into	ADP
fsr-3867	166	106	the	the	DET
fsr-3867	166	107	expected	expect	VERB
fsr-3867	166	108	return	return	NOUN
fsr-3867	166	109	component	component	NOUN
fsr-3867	166	110	of	of	ADP
fsr-3867	166	111	eqn	eqn	NOUN
fsr-3867	166	112	.	.	PUNCT
fsr-3867	167	1	6	6	NUM
fsr-3867	167	2	:	:	PUNCT
fsr-3867	167	3	e[m	e[m	NUM
fsr-3867	167	4	]	]	X
fsr-3867	167	5	5	5	NUM
fsr-3867	167	6	e[ra	e[ra	X
fsr-3867	167	7	]	]	X
fsr-3867	167	8	2	2	NUM
fsr-3867	167	9	k(l0	k(l0	NOUN
fsr-3867	167	10	/	/	SYM
fsr-3867	167	11	a0)e[rl	a0)e[rl	PROPN
fsr-3867	167	12	]	]	PUNCT
fsr-3867	167	13	(	(	PUNCT
fsr-3867	167	14	7	7	X
fsr-3867	167	15	)	)	PUNCT
fsr-3867	167	16	notice	notice	NOUN
fsr-3867	167	17	that	that	SCONJ
fsr-3867	167	18	eqn	eqn	VERB
fsr-3867	167	19	.	.	PUNCT
fsr-3867	167	20	7	7	NUM
fsr-3867	167	21	reduces	reduce	VERB
fsr-3867	167	22	to	to	ADP
fsr-3867	167	23	e[ra	e[ra	NOUN
fsr-3867	167	24	]	]	PUNCT
fsr-3867	167	25	when	when	SCONJ
fsr-3867	167	26	the	the	DET
fsr-3867	167	27	importance	importance	NOUN
fsr-3867	167	28	of	of	ADP
fsr-3867	167	29	the	the	DET
fsr-3867	167	30	liability	liability	NOUN
fsr-3867	167	31	is	be	AUX
fsr-3867	167	32	zero	zero	NUM
fsr-3867	167	33	,	,	PUNCT
fsr-3867	167	34	k5	k5	PROPN
fsr-3867	167	35	0	0	NUM
fsr-3867	167	36	.	.	PUNCT
fsr-3867	168	1	although	although	SCONJ
fsr-3867	168	2	the	the	DET
fsr-3867	168	3	manager	manager	NOUN
fsr-3867	168	4	is	be	AUX
fsr-3867	168	5	concerned	concern	VERB
fsr-3867	168	6	with	with	ADP
fsr-3867	168	7	liabilities	liability	NOUN
fsr-3867	168	8	,	,	PUNCT
fsr-3867	168	9	the	the	DET
fsr-3867	168	10	asset	asset	NOUN
fsr-3867	168	11	allocation	allocation	NOUN
fsr-3867	168	12	decision	decision	NOUN
fsr-3867	168	13	only	only	ADV
fsr-3867	168	14	involves	involve	VERB
fsr-3867	168	15	the	the	DET
fsr-3867	168	16	first	first	ADJ
fsr-3867	168	17	term	term	NOUN
fsr-3867	168	18	on	on	ADP
fsr-3867	168	19	the	the	DET
fsr-3867	168	20	right	right	ADJ
fsr-3867	168	21	hand	hand	NOUN
fsr-3867	168	22	side	side	NOUN
fsr-3867	168	23	of	of	ADP
fsr-3867	168	24	eqn	eqn	NOUN
fsr-3867	168	25	.	.	PUNCT
fsr-3867	169	1	7	7	X
fsr-3867	169	2	.	.	X
fsr-3867	169	3	therefore	therefore	ADV
fsr-3867	169	4	,	,	PUNCT
fsr-3867	169	5	the	the	DET
fsr-3867	169	6	utility	utility	NOUN
fsr-3867	169	7	maximization	maximization	NOUN
fsr-3867	169	8	objective	objective	NOUN
fsr-3867	169	9	is	be	AUX
fsr-3867	169	10	consistent	consistent	ADJ
fsr-3867	169	11	with	with	ADP
fsr-3867	169	12	traditional	traditional	ADJ
fsr-3867	169	13	asset	asset	NOUN
fsr-3867	169	14	-	-	PUNCT
fsr-3867	169	15	only	only	ADV
fsr-3867	169	16	return	return	VERB
fsr-3867	169	17	management	management	NOUN
fsr-3867	169	18	with	with	ADP
fsr-3867	169	19	regard	regard	NOUN
fsr-3867	169	20	to	to	ADP
fsr-3867	169	21	expected	expect	VERB
fsr-3867	169	22	return	return	NOUN
fsr-3867	169	23	.	.	PUNCT
fsr-3867	170	1	the	the	DET
fsr-3867	170	2	departure	departure	NOUN
fsr-3867	170	3	from	from	ADP
fsr-3867	170	4	traditional	traditional	ADJ
fsr-3867	170	5	asset	asset	NOUN
fsr-3867	170	6	-	-	PUNCT
fsr-3867	170	7	only	only	ADV
fsr-3867	170	8	return	return	VERB
fsr-3867	170	9	management	management	NOUN
fsr-3867	170	10	,	,	PUNCT
fsr-3867	170	11	and	and	CCONJ
fsr-3867	170	12	the	the	DET
fsr-3867	170	13	primary	primary	ADJ
fsr-3867	170	14	contribution	contribution	NOUN
fsr-3867	170	15	of	of	ADP
fsr-3867	170	16	the	the	DET
fsr-3867	170	17	surplus	surplus	ADJ
fsr-3867	170	18	framework	framework	NOUN
fsr-3867	170	19	management	management	NOUN
fsr-3867	170	20	comes	come	VERB
fsr-3867	170	21	from	from	ADP
fsr-3867	170	22	the	the	DET
fsr-3867	170	23	treatment	treatment	NOUN
fsr-3867	170	24	of	of	ADP
fsr-3867	170	25	the	the	DET
fsr-3867	170	26	variance	variance	NOUN
fsr-3867	170	27	term	term	NOUN
fsr-3867	170	28	in	in	ADP
fsr-3867	170	29	eqn	eqn	NOUN
fsr-3867	170	30	.	.	PUNCT
fsr-3867	171	1	6	6	NUM
fsr-3867	171	2	.	.	PUNCT
fsr-3867	171	3	the	the	DET
fsr-3867	171	4	variance	variance	NOUN
fsr-3867	171	5	term	term	NOUN
fsr-3867	171	6	can	can	AUX
fsr-3867	171	7	be	be	AUX
fsr-3867	171	8	expanded	expand	VERB
fsr-3867	171	9	,	,	PUNCT
fsr-3867	171	10	as	as	SCONJ
fsr-3867	171	11	shown	show	VERB
fsr-3867	171	12	in	in	ADP
fsr-3867	171	13	eqn	eqn	NOUN
fsr-3867	171	14	.	.	PUNCT
fsr-3867	172	1	8	8	NUM
fsr-3867	172	2	below	below	ADV
fsr-3867	172	3	:	:	PUNCT
fsr-3867	172	4	var[m	var[m	NUM
fsr-3867	172	5	]	]	X
fsr-3867	172	6	5	5	NUM
fsr-3867	172	7	var[ra	var[ra	NOUN
fsr-3867	172	8	]	]	PUNCT
fsr-3867	172	9	–	–	PUNCT
fsr-3867	172	10	2k[l0	2k[l0	NUM
fsr-3867	172	11	/	/	SYM
fsr-3867	172	12	a0]cov[ra	a0]cov[ra	PROPN
fsr-3867	172	13	,	,	PUNCT
fsr-3867	172	14	rl	rl	X
fsr-3867	172	15	]	]	PUNCT
fsr-3867	172	16	1	1	NUM
fsr-3867	172	17	k2[l0	k2[l0	ADJ
fsr-3867	172	18	2	2	NUM
fsr-3867	172	19	/	/	SYM
fsr-3867	172	20	a0	a0	NOUN
fsr-3867	172	21	2]var[rl	2]var[rl	NUM
fsr-3867	172	22	]	]	X
fsr-3867	172	23	(	(	PUNCT
fsr-3867	172	24	8)	8)	NUM
fsr-3867	172	25	where	where	SCONJ
fsr-3867	172	26	var[ra	var[ra	NOUN
fsr-3867	172	27	]	]	PUNCT
fsr-3867	172	28	denotes	denote	VERB
fsr-3867	172	29	the	the	DET
fsr-3867	172	30	variance	variance	NOUN
fsr-3867	172	31	of	of	ADP
fsr-3867	172	32	asset	asset	NOUN
fsr-3867	172	33	returns	return	NOUN
fsr-3867	172	34	cov[ra	cov[ra	PROPN
fsr-3867	172	35	,	,	PUNCT
fsr-3867	172	36	rl	rl	X
fsr-3867	172	37	]	]	PUNCT
fsr-3867	172	38	denotes	denote	VERB
fsr-3867	172	39	the	the	DET
fsr-3867	172	40	covariance	covariance	NOUN
fsr-3867	172	41	of	of	ADP
fsr-3867	172	42	asset	asset	NOUN
fsr-3867	172	43	and	and	CCONJ
fsr-3867	172	44	liability	liability	NOUN
fsr-3867	172	45	returns	return	NOUN
fsr-3867	172	46	var[rl	var[rl	NOUN
fsr-3867	172	47	]	]	PUNCT
fsr-3867	172	48	denotes	denote	VERB
fsr-3867	172	49	the	the	DET
fsr-3867	172	50	variance	variance	NOUN
fsr-3867	172	51	of	of	ADP
fsr-3867	172	52	liability	liability	NOUN
fsr-3867	172	53	returns	return	VERB
fsr-3867	172	54	traditional	traditional	ADJ
fsr-3867	172	55	asset	asset	NOUN
fsr-3867	172	56	-	-	PUNCT
fsr-3867	172	57	only	only	ADV
fsr-3867	172	58	management	management	NOUN
fsr-3867	172	59	methodology	methodology	NOUN
fsr-3867	172	60	focused	focus	VERB
fsr-3867	172	61	on	on	ADP
fsr-3867	172	62	the	the	DET
fsr-3867	172	63	first	first	ADJ
fsr-3867	172	64	term	term	NOUN
fsr-3867	172	65	on	on	ADP
fsr-3867	172	66	the	the	DET
fsr-3867	172	67	righthand	righthand	NOUN
fsr-3867	172	68	side	side	NOUN
fsr-3867	172	69	of	of	ADP
fsr-3867	172	70	eqn	eqn	NOUN
fsr-3867	172	71	.	.	PUNCT
fsr-3867	173	1	8	8	NUM
fsr-3867	173	2	.	.	PUNCT
fsr-3867	174	1	the	the	DET
fsr-3867	174	2	last	last	ADJ
fsr-3867	174	3	term	term	NOUN
fsr-3867	174	4	on	on	ADP
fsr-3867	174	5	the	the	DET
fsr-3867	174	6	right	right	ADJ
fsr-3867	174	7	-	-	PUNCT
fsr-3867	174	8	hand	hand	NOUN
fsr-3867	174	9	side	side	NOUN
fsr-3867	174	10	of	of	ADP
fsr-3867	174	11	eqn	eqn	NOUN
fsr-3867	174	12	.	.	PUNCT
fsr-3867	174	13	8	8	NUM
fsr-3867	174	14	involves	involve	VERB
fsr-3867	174	15	constants	constant	NOUN
fsr-3867	174	16	and	and	CCONJ
fsr-3867	174	17	variation	variation	NOUN
fsr-3867	174	18	in	in	ADP
fsr-3867	174	19	the	the	DET
fsr-3867	174	20	returns	return	NOUN
fsr-3867	174	21	on	on	ADP
fsr-3867	174	22	liabilities	liability	NOUN
fsr-3867	174	23	.	.	PUNCT
fsr-3867	175	1	this	this	DET
fsr-3867	175	2	term	term	NOUN
fsr-3867	175	3	is	be	AUX
fsr-3867	175	4	not	not	PART
fsr-3867	175	5	influenced	influence	VERB
fsr-3867	175	6	by	by	ADP
fsr-3867	175	7	asset	asset	NOUN
fsr-3867	175	8	allocation	allocation	NOUN
fsr-3867	175	9	decisions	decision	NOUN
fsr-3867	175	10	.	.	PUNCT
fsr-3867	176	1	the	the	DET
fsr-3867	176	2	second	second	ADJ
fsr-3867	176	3	term	term	NOUN
fsr-3867	176	4	on	on	ADP
fsr-3867	176	5	the	the	DET
fsr-3867	176	6	right	right	ADJ
fsr-3867	176	7	-	-	PUNCT
fsr-3867	176	8	hand	hand	NOUN
fsr-3867	176	9	side	side	NOUN
fsr-3867	176	10	of	of	ADP
fsr-3867	176	11	eqn	eqn	NOUN
fsr-3867	176	12	.	.	PUNCT
fsr-3867	176	13	8	8	NUM
fsr-3867	176	14	is	be	AUX
fsr-3867	176	15	the	the	DET
fsr-3867	176	16	key	key	ADJ
fsr-3867	176	17	contributing	contribute	VERB
fsr-3867	176	18	factor	factor	NOUN
fsr-3867	176	19	in	in	ADP
fsr-3867	176	20	a	a	DET
fsr-3867	176	21	surplus	surplus	ADJ
fsr-3867	176	22	framework	framework	NOUN
fsr-3867	176	23	.	.	PUNCT
fsr-3867	177	1	this	this	PRON
fsr-3867	177	2	is	be	AUX
fsr-3867	177	3	the	the	DET
fsr-3867	177	4	only	only	ADJ
fsr-3867	177	5	term	term	NOUN
fsr-3867	177	6	that	that	PRON
fsr-3867	177	7	allows	allow	VERB
fsr-3867	177	8	for	for	ADP
fsr-3867	177	9	a	a	DET
fsr-3867	177	10	departure	departure	NOUN
fsr-3867	177	11	from	from	ADP
fsr-3867	177	12	traditional	traditional	ADJ
fsr-3867	177	13	asset	asset	NOUN
fsr-3867	177	14	-	-	PUNCT
fsr-3867	177	15	only	only	ADV
fsr-3867	177	16	portfolio	portfolio	NOUN
fsr-3867	177	17	management	management	NOUN
fsr-3867	177	18	.	.	PUNCT
fsr-3867	178	1	combining	combine	VERB
fsr-3867	178	2	eqns	eqns	PRON
fsr-3867	178	3	.	.	PUNCT
fsr-3867	179	1	7	7	NUM
fsr-3867	179	2	and	and	CCONJ
fsr-3867	179	3	8	8	NUM
fsr-3867	179	4	:	:	PUNCT
fsr-3867	179	5	umax§	umax§	PROPN
fsr-3867	179	6	e[ra	e[ra	PROPN
fsr-3867	179	7	]	]	X
fsr-3867	179	8	2	2	NUM
fsr-3867	179	9	var[ra]/h	var[ra]/h	NOUN
fsr-3867	179	10	1	1	NUM
fsr-3867	179	11	2k	2k	NUM
fsr-3867	179	12	/	/	SYM
fsr-3867	179	13	h[l0	h[l0	NOUN
fsr-3867	179	14	/	/	SYM
fsr-3867	179	15	a0]cov[ra	a0]cov[ra	PROPN
fsr-3867	179	16	,	,	PUNCT
fsr-3867	179	17	rl	rl	X
fsr-3867	179	18	]	]	X
fsr-3867	179	19	(	(	PUNCT
fsr-3867	179	20	9	9	NUM
fsr-3867	179	21	)	)	PUNCT
fsr-3867	179	22	265j.w	265j.w	NUM
fsr-3867	179	23	.	.	PUNCT
fsr-3867	180	1	russell	russell	PROPN
fsr-3867	180	2	,	,	PUNCT
fsr-3867	180	3	r.	r.	PROPN
fsr-3867	180	4	brooks	brooks	PROPN
fsr-3867	180	5	/	/	SYM
fsr-3867	180	6	financial	financial	ADJ
fsr-3867	180	7	services	service	NOUN
fsr-3867	180	8	review	review	VERB
fsr-3867	180	9	7	7	NUM
fsr-3867	180	10	(	(	PUNCT
fsr-3867	180	11	1998	1998	NUM
fsr-3867	180	12	)	)	PUNCT
fsr-3867	180	13	257–271	257–271	NUM
fsr-3867	180	14	the	the	DET
fsr-3867	180	15	goal	goal	NOUN
fsr-3867	180	16	of	of	ADP
fsr-3867	180	17	the	the	DET
fsr-3867	180	18	prepaid	prepaid	PROPN
fsr-3867	180	19	college	college	NOUN
fsr-3867	180	20	tuition	tuition	NOUN
fsr-3867	180	21	plan	plan	NOUN
fsr-3867	180	22	manager	manager	NOUN
fsr-3867	180	23	is	be	AUX
fsr-3867	180	24	to	to	PART
fsr-3867	180	25	choose	choose	VERB
fsr-3867	180	26	a	a	DET
fsr-3867	180	27	utility	utility	NOUN
fsr-3867	180	28	maximizing	maximize	VERB
fsr-3867	180	29	asset	asset	NOUN
fsr-3867	180	30	allocation	allocation	NOUN
fsr-3867	180	31	.	.	PUNCT
fsr-3867	181	1	the	the	DET
fsr-3867	181	2	first	first	ADJ
fsr-3867	181	3	two	two	NUM
fsr-3867	181	4	terms	term	NOUN
fsr-3867	181	5	on	on	ADP
fsr-3867	181	6	the	the	DET
fsr-3867	181	7	right	right	ADJ
fsr-3867	181	8	-	-	PUNCT
fsr-3867	181	9	hand	hand	NOUN
fsr-3867	181	10	side	side	NOUN
fsr-3867	181	11	of	of	ADP
fsr-3867	181	12	eqn	eqn	NOUN
fsr-3867	181	13	.	.	PUNCT
fsr-3867	182	1	9	9	NUM
fsr-3867	182	2	are	be	AUX
fsr-3867	182	3	equivalent	equivalent	ADJ
fsr-3867	182	4	to	to	ADP
fsr-3867	182	5	the	the	DET
fsr-3867	182	6	traditional	traditional	ADJ
fsr-3867	182	7	portfolio	portfolio	NOUN
fsr-3867	182	8	maximization	maximization	NOUN
fsr-3867	182	9	goal	goal	NOUN
fsr-3867	182	10	,	,	PUNCT
fsr-3867	182	11	that	that	ADV
fsr-3867	182	12	is	is	ADV
fsr-3867	182	13	,	,	PUNCT
fsr-3867	182	14	to	to	PART
fsr-3867	182	15	maximize	maximize	VERB
fsr-3867	182	16	asset	asset	NOUN
fsr-3867	182	17	return	return	NOUN
fsr-3867	182	18	subject	subject	ADJ
fsr-3867	182	19	to	to	ADP
fsr-3867	182	20	asset	asset	NOUN
fsr-3867	182	21	return	return	NOUN
fsr-3867	182	22	variation	variation	NOUN
fsr-3867	182	23	.	.	PUNCT
fsr-3867	183	1	in	in	ADP
fsr-3867	183	2	other	other	ADJ
fsr-3867	183	3	words	word	NOUN
fsr-3867	183	4	,	,	PUNCT
fsr-3867	183	5	maximize	maximize	VERB
fsr-3867	183	6	the	the	DET
fsr-3867	183	7	risk	risk	NOUN
fsr-3867	183	8	-	-	PUNCT
fsr-3867	183	9	adjusted	adjust	VERB
fsr-3867	183	10	return	return	NOUN
fsr-3867	183	11	on	on	ADP
fsr-3867	183	12	assets	asset	NOUN
fsr-3867	183	13	.	.	PUNCT
fsr-3867	184	1	these	these	DET
fsr-3867	184	2	two	two	NUM
fsr-3867	184	3	terms	term	NOUN
fsr-3867	184	4	are	be	AUX
fsr-3867	184	5	identified	identify	VERB
fsr-3867	184	6	as	as	ADP
fsr-3867	184	7	the	the	DET
fsr-3867	184	8	expected	expect	VERB
fsr-3867	184	9	return	return	NOUN
fsr-3867	184	10	and	and	CCONJ
fsr-3867	184	11	risk	risk	NOUN
fsr-3867	184	12	penalty	penalty	NOUN
fsr-3867	184	13	,	,	PUNCT
fsr-3867	184	14	respectively	respectively	ADV
fsr-3867	184	15	,	,	PUNCT
fsr-3867	184	16	where	where	SCONJ
fsr-3867	184	17	the	the	DET
fsr-3867	184	18	risk	risk	NOUN
fsr-3867	184	19	penalty	penalty	NOUN
fsr-3867	184	20	is	be	AUX
fsr-3867	184	21	defined	define	VERB
fsr-3867	184	22	as	as	ADP
fsr-3867	184	23	the	the	DET
fsr-3867	184	24	variance	variance	NOUN
fsr-3867	184	25	of	of	ADP
fsr-3867	184	26	asset	asset	NOUN
fsr-3867	184	27	returns	return	NOUN
fsr-3867	184	28	divided	divide	VERB
fsr-3867	184	29	by	by	ADP
fsr-3867	184	30	the	the	DET
fsr-3867	184	31	manager	manager	NOUN
fsr-3867	184	32	’s	’s	PART
fsr-3867	184	33	risk	risk	NOUN
fsr-3867	184	34	tolerance	tolerance	NOUN
fsr-3867	184	35	.	.	PUNCT
fsr-3867	185	1	without	without	ADP
fsr-3867	185	2	diverting	divert	VERB
fsr-3867	185	3	into	into	ADP
fsr-3867	185	4	an	an	DET
fsr-3867	185	5	exposition	exposition	NOUN
fsr-3867	185	6	on	on	ADP
fsr-3867	185	7	utility	utility	NOUN
fsr-3867	185	8	theory	theory	NOUN
fsr-3867	185	9	,	,	PUNCT
fsr-3867	185	10	risk	risk	NOUN
fsr-3867	185	11	tolerance	tolerance	NOUN
fsr-3867	185	12	can	can	AUX
fsr-3867	185	13	be	be	AUX
fsr-3867	185	14	viewed	view	VERB
fsr-3867	185	15	as	as	ADP
fsr-3867	185	16	the	the	DET
fsr-3867	185	17	reciprocal	reciprocal	NOUN
fsr-3867	185	18	of	of	ADP
fsr-3867	185	19	the	the	DET
fsr-3867	185	20	absolute	absolute	ADJ
fsr-3867	185	21	risk	risk	NOUN
fsr-3867	185	22	aversion	aversion	NOUN
fsr-3867	185	23	parameter	parameter	NOUN
fsr-3867	185	24	,	,	PUNCT
fsr-3867	185	25	as	as	SCONJ
fsr-3867	185	26	developed	develop	VERB
fsr-3867	185	27	by	by	ADP
fsr-3867	185	28	pratt	pratt	PROPN
fsr-3867	185	29	(	(	PUNCT
fsr-3867	185	30	1964	1964	NUM
fsr-3867	185	31	)	)	PUNCT
fsr-3867	185	32	and	and	CCONJ
fsr-3867	185	33	others	other	NOUN
fsr-3867	185	34	.	.	PUNCT
fsr-3867	186	1	following	follow	VERB
fsr-3867	186	2	risk	risk	NOUN
fsr-3867	186	3	aversion	aversion	NOUN
fsr-3867	186	4	parameter	parameter	NOUN
fsr-3867	186	5	values	value	NOUN
fsr-3867	186	6	suggested	suggest	VERB
fsr-3867	186	7	by	by	ADP
fsr-3867	186	8	friend	friend	NOUN
fsr-3867	186	9	and	and	CCONJ
fsr-3867	186	10	blume	blume	PROPN
fsr-3867	186	11	(	(	PUNCT
fsr-3867	186	12	1970	1970	NUM
fsr-3867	186	13	)	)	PUNCT
fsr-3867	186	14	and	and	CCONJ
fsr-3867	186	15	grossman	grossman	PROPN
fsr-3867	186	16	and	and	CCONJ
fsr-3867	186	17	shiller	shiller	PROPN
fsr-3867	186	18	(	(	PUNCT
fsr-3867	186	19	1981	1981	NUM
fsr-3867	186	20	)	)	PUNCT
fsr-3867	186	21	,	,	PUNCT
fsr-3867	186	22	this	this	DET
fsr-3867	186	23	study	study	NOUN
fsr-3867	186	24	assumes	assume	VERB
fsr-3867	186	25	that	that	SCONJ
fsr-3867	186	26	the	the	DET
fsr-3867	186	27	degree	degree	NOUN
fsr-3867	186	28	of	of	ADP
fsr-3867	186	29	risk	risk	NOUN
fsr-3867	186	30	aversion	aversion	NOUN
fsr-3867	186	31	for	for	ADP
fsr-3867	186	32	the	the	DET
fsr-3867	186	33	representative	representative	ADJ
fsr-3867	186	34	investor	investor	NOUN
fsr-3867	186	35	ranges	range	VERB
fsr-3867	186	36	from	from	ADP
fsr-3867	186	37	2.0	2.0	NUM
fsr-3867	186	38	to	to	ADP
fsr-3867	186	39	4.0	4.0	NUM
fsr-3867	186	40	.	.	PUNCT
fsr-3867	187	1	this	this	DET
fsr-3867	187	2	range	range	NOUN
fsr-3867	187	3	of	of	ADP
fsr-3867	187	4	values	value	NOUN
fsr-3867	187	5	is	be	AUX
fsr-3867	187	6	consistent	consistent	ADJ
fsr-3867	187	7	with	with	ADP
fsr-3867	187	8	studies	study	NOUN
fsr-3867	187	9	that	that	PRON
fsr-3867	187	10	take	take	VERB
fsr-3867	187	11	into	into	ADP
fsr-3867	187	12	account	account	NOUN
fsr-3867	187	13	a	a	DET
fsr-3867	187	14	full	full	ADJ
fsr-3867	187	15	range	range	NOUN
fsr-3867	187	16	of	of	ADP
fsr-3867	187	17	available	available	ADJ
fsr-3867	187	18	assets	asset	NOUN
fsr-3867	187	19	.	.	PUNCT
fsr-3867	188	1	the	the	DET
fsr-3867	188	2	following	follow	VERB
fsr-3867	188	3	example	example	NOUN
fsr-3867	188	4	will	will	AUX
fsr-3867	188	5	illustrate	illustrate	VERB
fsr-3867	188	6	the	the	DET
fsr-3867	188	7	risk	risk	NOUN
fsr-3867	188	8	-	-	PUNCT
fsr-3867	188	9	adjusted	adjust	VERB
fsr-3867	188	10	expected	expect	VERB
fsr-3867	188	11	return	return	NOUN
fsr-3867	188	12	using	use	VERB
fsr-3867	188	13	traditional	traditional	ADJ
fsr-3867	188	14	asset	asset	NOUN
fsr-3867	188	15	-	-	PUNCT
fsr-3867	188	16	only	only	ADV
fsr-3867	188	17	portfolio	portfolio	NOUN
fsr-3867	188	18	management	management	NOUN
fsr-3867	188	19	techniques	technique	NOUN
fsr-3867	188	20	.	.	PUNCT
fsr-3867	189	1	assume	assume	VERB
fsr-3867	189	2	that	that	SCONJ
fsr-3867	189	3	the	the	DET
fsr-3867	189	4	expected	expect	VERB
fsr-3867	189	5	return	return	NOUN
fsr-3867	189	6	from	from	ADP
fsr-3867	189	7	a	a	DET
fsr-3867	189	8	particular	particular	ADJ
fsr-3867	189	9	asset	asset	NOUN
fsr-3867	189	10	allocation	allocation	NOUN
fsr-3867	189	11	is	be	AUX
fsr-3867	189	12	12	12	NUM
fsr-3867	189	13	%	%	NOUN
fsr-3867	189	14	,	,	PUNCT
fsr-3867	189	15	the	the	DET
fsr-3867	189	16	standard	standard	ADJ
fsr-3867	189	17	deviation	deviation	NOUN
fsr-3867	189	18	of	of	ADP
fsr-3867	189	19	returns	return	NOUN
fsr-3867	189	20	associated	associate	VERB
fsr-3867	189	21	with	with	ADP
fsr-3867	189	22	the	the	DET
fsr-3867	189	23	asset	asset	NOUN
fsr-3867	189	24	allocation	allocation	NOUN
fsr-3867	189	25	is	be	AUX
fsr-3867	189	26	10	10	NUM
fsr-3867	189	27	%	%	NOUN
fsr-3867	189	28	,	,	PUNCT
fsr-3867	189	29	and	and	CCONJ
fsr-3867	189	30	the	the	DET
fsr-3867	189	31	absolute	absolute	ADJ
fsr-3867	189	32	risk	risk	NOUN
fsr-3867	189	33	aversion	aversion	NOUN
fsr-3867	189	34	parameter	parameter	NOUN
fsr-3867	189	35	is	be	AUX
fsr-3867	189	36	2.0	2.0	NUM
fsr-3867	189	37	.	.	PUNCT
fsr-3867	190	1	the	the	DET
fsr-3867	190	2	risk	risk	NOUN
fsr-3867	190	3	-	-	PUNCT
fsr-3867	190	4	adjusted	adjust	VERB
fsr-3867	190	5	expected	expect	VERB
fsr-3867	190	6	return	return	NOUN
fsr-3867	190	7	is	be	AUX
fsr-3867	190	8	identified	identify	VERB
fsr-3867	190	9	below	below	ADV
fsr-3867	190	10	:	:	PUNCT
fsr-3867	190	11	expected	expect	VERB
fsr-3867	190	12	return	return	NOUN
fsr-3867	190	13	–	–	PUNCT
fsr-3867	190	14	[	[	X
fsr-3867	190	15	variance	variance	NOUN
fsr-3867	190	16	/	/	SYM
fsr-3867	190	17	risk	risk	NOUN
fsr-3867	190	18	tolerance	tolerance	NOUN
fsr-3867	190	19	]	]	PUNCT
fsr-3867	190	20	,	,	PUNCT
fsr-3867	190	21	or	or	CCONJ
fsr-3867	190	22	12%2	12%2	NUM
fsr-3867	190	23	[	[	X
fsr-3867	190	24	(	(	PUNCT
fsr-3867	190	25	10%)2/	10%)2/	NUM
fsr-3867	190	26	(	(	PUNCT
fsr-3867	190	27	1/2.0)]5	1/2.0)]5	NUM
fsr-3867	190	28	10%5	10%5	NUM
fsr-3867	190	29	risk	risk	NOUN
fsr-3867	190	30	-	-	PUNCT
fsr-3867	190	31	adjusted	adjust	VERB
fsr-3867	190	32	expected	expect	VERB
fsr-3867	190	33	return	return	NOUN
fsr-3867	190	34	given	give	VERB
fsr-3867	190	35	the	the	DET
fsr-3867	190	36	risk	risk	NOUN
fsr-3867	190	37	aversion	aversion	NOUN
fsr-3867	190	38	measure	measure	NOUN
fsr-3867	190	39	,	,	PUNCT
fsr-3867	190	40	this	this	DET
fsr-3867	190	41	fund	fund	NOUN
fsr-3867	190	42	manager	manager	NOUN
fsr-3867	190	43	would	would	AUX
fsr-3867	190	44	be	be	AUX
fsr-3867	190	45	indifferent	indifferent	ADJ
fsr-3867	190	46	between	between	ADP
fsr-3867	190	47	the	the	DET
fsr-3867	190	48	portfolio	portfolio	NOUN
fsr-3867	190	49	and	and	CCONJ
fsr-3867	190	50	10	10	NUM
fsr-3867	190	51	%	%	NOUN
fsr-3867	190	52	,	,	PUNCT
fsr-3867	190	53	with	with	ADP
fsr-3867	190	54	certainty	certainty	PROPN
fsr-3867	190	55	.	.	PUNCT
fsr-3867	191	1	this	this	DET
fsr-3867	191	2	study	study	NOUN
fsr-3867	191	3	expands	expand	VERB
fsr-3867	191	4	the	the	DET
fsr-3867	191	5	utility	utility	NOUN
fsr-3867	191	6	concept	concept	NOUN
fsr-3867	191	7	to	to	PART
fsr-3867	191	8	include	include	VERB
fsr-3867	191	9	the	the	DET
fsr-3867	191	10	final	final	ADJ
fsr-3867	191	11	term	term	NOUN
fsr-3867	191	12	in	in	ADP
fsr-3867	191	13	eqn	eqn	NOUN
fsr-3867	191	14	.	.	PUNCT
fsr-3867	192	1	9	9	NUM
fsr-3867	192	2	.	.	PUNCT
fsr-3867	192	3	given	give	VERB
fsr-3867	192	4	that	that	SCONJ
fsr-3867	192	5	the	the	DET
fsr-3867	192	6	asset	asset	NOUN
fsr-3867	192	7	and	and	CCONJ
fsr-3867	192	8	liability	liability	NOUN
fsr-3867	192	9	have	have	AUX
fsr-3867	192	10	a	a	DET
fsr-3867	192	11	positive	positive	ADJ
fsr-3867	192	12	relationship	relationship	NOUN
fsr-3867	192	13	,	,	PUNCT
fsr-3867	192	14	cov[ra	cov[ra	PROPN
fsr-3867	192	15	,	,	PUNCT
fsr-3867	192	16	rl	rl	X
fsr-3867	192	17	]	]	PUNCT
fsr-3867	192	18	0	0	NUM
fsr-3867	192	19	,	,	PUNCT
fsr-3867	192	20	the	the	DET
fsr-3867	192	21	final	final	ADJ
fsr-3867	192	22	term	term	NOUN
fsr-3867	192	23	in	in	ADP
fsr-3867	192	24	eqn	eqn	NOUN
fsr-3867	192	25	.	.	PUNCT
fsr-3867	192	26	9	9	NUM
fsr-3867	192	27	will	will	AUX
fsr-3867	192	28	increase	increase	VERB
fsr-3867	192	29	utility	utility	NOUN
fsr-3867	192	30	.	.	PUNCT
fsr-3867	193	1	this	this	DET
fsr-3867	193	2	final	final	ADJ
fsr-3867	193	3	term	term	NOUN
fsr-3867	193	4	is	be	AUX
fsr-3867	193	5	referred	refer	VERB
fsr-3867	193	6	to	to	ADP
fsr-3867	193	7	as	as	ADP
fsr-3867	193	8	the	the	DET
fsr-3867	193	9	liability	liability	NOUN
fsr-3867	193	10	hedging	hedging	NOUN
fsr-3867	193	11	credit	credit	NOUN
fsr-3867	193	12	.	.	PUNCT
fsr-3867	194	1	to	to	PART
fsr-3867	194	2	complete	complete	VERB
fsr-3867	194	3	the	the	DET
fsr-3867	194	4	example	example	NOUN
fsr-3867	194	5	above	above	ADV
fsr-3867	194	6	,	,	PUNCT
fsr-3867	194	7	assume	assume	VERB
fsr-3867	194	8	that	that	SCONJ
fsr-3867	194	9	this	this	DET
fsr-3867	194	10	liability	liability	NOUN
fsr-3867	194	11	hedging	hedging	NOUN
fsr-3867	194	12	credit	credit	NOUN
fsr-3867	194	13	is	be	AUX
fsr-3867	194	14	2	2	NUM
fsr-3867	194	15	%	%	NOUN
fsr-3867	194	16	.	.	PUNCT
fsr-3867	195	1	the	the	DET
fsr-3867	195	2	risk	risk	NOUN
fsr-3867	195	3	-	-	PUNCT
fsr-3867	195	4	adjusted	adjust	VERB
fsr-3867	195	5	expected	expect	VERB
fsr-3867	195	6	return	return	NOUN
fsr-3867	195	7	is	be	AUX
fsr-3867	195	8	shown	show	VERB
fsr-3867	195	9	below	below	ADP
fsr-3867	195	10	:	:	PUNCT
fsr-3867	195	11	expected	expect	VERB
fsr-3867	195	12	return	return	NOUN
fsr-3867	195	13	–	–	PUNCT
fsr-3867	195	14	[	[	X
fsr-3867	195	15	variance	variance	NOUN
fsr-3867	195	16	/	/	SYM
fsr-3867	195	17	risk	risk	NOUN
fsr-3867	195	18	tolerance]1	tolerance]1	NOUN
fsr-3867	195	19	liability	liability	NOUN
fsr-3867	195	20	hedging	hedging	NOUN
fsr-3867	195	21	credit	credit	NOUN
fsr-3867	195	22	,	,	PUNCT
fsr-3867	195	23	or	or	CCONJ
fsr-3867	195	24	12	12	NUM
fsr-3867	195	25	%	%	NOUN
fsr-3867	195	26	2	2	NUM
fsr-3867	196	1	[	[	X
fsr-3867	196	2	(	(	PUNCT
fsr-3867	196	3	10%)2	10%)2	NUM
fsr-3867	196	4	/	/	SYM
fsr-3867	196	5	(	(	PUNCT
fsr-3867	196	6	1/2.0)]1	1/2.0)]1	NUM
fsr-3867	196	7	2%5	2%5	NUM
fsr-3867	196	8	12%5	12%5	NUM
fsr-3867	196	9	risk	risk	NOUN
fsr-3867	196	10	-	-	PUNCT
fsr-3867	196	11	adjusted	adjust	VERB
fsr-3867	196	12	expected	expect	VERB
fsr-3867	196	13	return	return	NOUN
fsr-3867	196	14	by	by	ADP
fsr-3867	196	15	including	include	VERB
fsr-3867	196	16	this	this	DET
fsr-3867	196	17	credit	credit	NOUN
fsr-3867	196	18	,	,	PUNCT
fsr-3867	196	19	the	the	DET
fsr-3867	196	20	fund	fund	NOUN
fsr-3867	196	21	manager	manager	NOUN
fsr-3867	196	22	is	be	AUX
fsr-3867	196	23	indifferent	indifferent	ADJ
fsr-3867	196	24	between	between	ADP
fsr-3867	196	25	the	the	DET
fsr-3867	196	26	portfolio	portfolio	NOUN
fsr-3867	196	27	asset	asset	NOUN
fsr-3867	196	28	mix	mix	NOUN
fsr-3867	196	29	and	and	CCONJ
fsr-3867	196	30	a	a	DET
fsr-3867	196	31	portfolio	portfolio	NOUN
fsr-3867	196	32	offering	offer	VERB
fsr-3867	196	33	12	12	NUM
fsr-3867	196	34	%	%	NOUN
fsr-3867	196	35	with	with	ADP
fsr-3867	196	36	certainty	certainty	NOUN
fsr-3867	196	37	,	,	PUNCT
fsr-3867	196	38	but	but	CCONJ
fsr-3867	196	39	with	with	ADP
fsr-3867	196	40	no	no	DET
fsr-3867	196	41	hedging	hedge	VERB
fsr-3867	196	42	capabilities	capability	NOUN
fsr-3867	196	43	against	against	ADP
fsr-3867	196	44	liability	liability	NOUN
fsr-3867	196	45	fluctuations	fluctuation	NOUN
fsr-3867	196	46	.	.	PUNCT
fsr-3867	197	1	the	the	DET
fsr-3867	197	2	implications	implication	NOUN
fsr-3867	197	3	of	of	ADP
fsr-3867	197	4	the	the	DET
fsr-3867	197	5	surplus	surplus	ADJ
fsr-3867	197	6	framework	framework	NOUN
fsr-3867	197	7	model	model	NOUN
fsr-3867	197	8	are	be	AUX
fsr-3867	197	9	that	that	SCONJ
fsr-3867	197	10	managers	manager	NOUN
fsr-3867	197	11	may	may	AUX
fsr-3867	197	12	choose	choose	VERB
fsr-3867	197	13	a	a	DET
fsr-3867	197	14	lower	low	ADJ
fsr-3867	197	15	expected	expect	VERB
fsr-3867	197	16	return	return	NOUN
fsr-3867	197	17	or	or	CCONJ
fsr-3867	197	18	greater	great	ADJ
fsr-3867	197	19	asset	asset	NOUN
fsr-3867	197	20	risk	risk	NOUN
fsr-3867	197	21	in	in	ADP
fsr-3867	197	22	order	order	NOUN
fsr-3867	197	23	to	to	PART
fsr-3867	197	24	increase	increase	VERB
fsr-3867	197	25	the	the	DET
fsr-3867	197	26	hedging	hedging	NOUN
fsr-3867	197	27	capabilities	capability	NOUN
fsr-3867	197	28	of	of	ADP
fsr-3867	197	29	the	the	DET
fsr-3867	197	30	portfolio	portfolio	NOUN
fsr-3867	197	31	against	against	ADP
fsr-3867	197	32	increases	increase	NOUN
fsr-3867	197	33	in	in	ADP
fsr-3867	197	34	liability	liability	NOUN
fsr-3867	197	35	values	value	NOUN
fsr-3867	197	36	.	.	PUNCT
fsr-3867	198	1	in	in	ADP
fsr-3867	198	2	order	order	NOUN
fsr-3867	198	3	to	to	PART
fsr-3867	198	4	optimize	optimize	VERB
fsr-3867	198	5	the	the	DET
fsr-3867	198	6	portfolio	portfolio	NOUN
fsr-3867	198	7	,	,	PUNCT
fsr-3867	198	8	from	from	ADP
fsr-3867	198	9	a	a	DET
fsr-3867	198	10	surplus	surplus	ADJ
fsr-3867	198	11	framework	framework	NOUN
fsr-3867	198	12	,	,	PUNCT
fsr-3867	198	13	it	it	PRON
fsr-3867	198	14	makes	make	VERB
fsr-3867	198	15	sense	sense	NOUN
fsr-3867	198	16	to	to	PART
fsr-3867	198	17	choose	choose	VERB
fsr-3867	198	18	assets	asset	NOUN
fsr-3867	198	19	that	that	PRON
fsr-3867	198	20	have	have	VERB
fsr-3867	198	21	a	a	DET
fsr-3867	198	22	positive	positive	ADJ
fsr-3867	198	23	covariance	covariance	NOUN
fsr-3867	198	24	with	with	ADP
fsr-3867	198	25	the	the	DET
fsr-3867	198	26	plan	plan	NOUN
fsr-3867	198	27	’s	’s	PART
fsr-3867	198	28	liabilities	liability	NOUN
fsr-3867	198	29	.	.	PUNCT
fsr-3867	199	1	the	the	DET
fsr-3867	199	2	liabilities	liability	NOUN
fsr-3867	199	3	associated	associate	VERB
fsr-3867	199	4	with	with	ADP
fsr-3867	199	5	prepaid	prepay	VERB
fsr-3867	199	6	college	college	NOUN
fsr-3867	199	7	tuition	tuition	NOUN
fsr-3867	199	8	plans	plan	NOUN
fsr-3867	199	9	are	be	AUX
fsr-3867	199	10	driven	drive	VERB
fsr-3867	199	11	by	by	ADP
fsr-3867	199	12	tuition	tuition	NOUN
fsr-3867	199	13	inflation	inflation	NOUN
fsr-3867	199	14	.	.	PUNCT
fsr-3867	200	1	a	a	DET
fsr-3867	200	2	plan	plan	NOUN
fsr-3867	200	3	manager	manager	NOUN
fsr-3867	200	4	should	should	AUX
fsr-3867	200	5	include	include	VERB
fsr-3867	200	6	assets	asset	NOUN
fsr-3867	200	7	with	with	ADP
fsr-3867	200	8	a	a	DET
fsr-3867	200	9	positive	positive	ADJ
fsr-3867	200	10	covariance	covariance	NOUN
fsr-3867	200	11	with	with	ADP
fsr-3867	200	12	tuition	tuition	NOUN
fsr-3867	200	13	inflation	inflation	NOUN
fsr-3867	200	14	.	.	PUNCT
fsr-3867	201	1	u.s	u.s	PROPN
fsr-3867	201	2	.	.	PROPN
fsr-3867	201	3	treasury	treasury	PROPN
fsr-3867	201	4	inflation	inflation	NOUN
fsr-3867	201	5	-	-	PUNCT
fsr-3867	201	6	indexed	index	VERB
fsr-3867	201	7	securities	security	NOUN
fsr-3867	201	8	are	be	AUX
fsr-3867	201	9	expected	expect	VERB
fsr-3867	201	10	to	to	PART
fsr-3867	201	11	have	have	VERB
fsr-3867	201	12	a	a	DET
fsr-3867	201	13	positive	positive	ADJ
fsr-3867	201	14	relationship	relationship	NOUN
fsr-3867	201	15	with	with	ADP
fsr-3867	201	16	tuition	tuition	NOUN
fsr-3867	201	17	inflation	inflation	NOUN
fsr-3867	201	18	.	.	PUNCT
fsr-3867	202	1	the	the	DET
fsr-3867	202	2	degree	degree	NOUN
fsr-3867	202	3	of	of	ADP
fsr-3867	202	4	correlation	correlation	NOUN
fsr-3867	202	5	may	may	AUX
fsr-3867	202	6	not	not	PART
fsr-3867	202	7	be	be	AUX
fsr-3867	202	8	perfect	perfect	ADJ
fsr-3867	202	9	;	;	PUNCT
fsr-3867	202	10	that	that	ADV
fsr-3867	202	11	is	is	ADV
fsr-3867	202	12	,	,	PUNCT
fsr-3867	202	13	the	the	DET
fsr-3867	202	14	correlation	correlation	NOUN
fsr-3867	202	15	coefficient	coefficient	NOUN
fsr-3867	202	16	may	may	AUX
fsr-3867	202	17	not	not	PART
fsr-3867	202	18	be	be	AUX
fsr-3867	202	19	1.0	1.0	NUM
fsr-3867	202	20	,	,	PUNCT
fsr-3867	202	21	but	but	CCONJ
fsr-3867	202	22	the	the	DET
fsr-3867	202	23	two	two	NUM
fsr-3867	202	24	measures	measure	NOUN
fsr-3867	202	25	are	be	AUX
fsr-3867	202	26	expected	expect	VERB
fsr-3867	202	27	to	to	PART
fsr-3867	202	28	display	display	VERB
fsr-3867	202	29	positive	positive	ADJ
fsr-3867	202	30	correlation	correlation	NOUN
fsr-3867	202	31	given	give	VERB
fsr-3867	202	32	the	the	DET
fsr-3867	202	33	positive	positive	ADJ
fsr-3867	202	34	correlation	correlation	NOUN
fsr-3867	202	35	between	between	ADP
fsr-3867	202	36	cpi	cpi	PROPN
fsr-3867	202	37	and	and	CCONJ
fsr-3867	202	38	tuition	tuition	NOUN
fsr-3867	202	39	inflation	inflation	NOUN
fsr-3867	202	40	.	.	PUNCT
fsr-3867	203	1	this	this	DET
fsr-3867	203	2	positive	positive	ADJ
fsr-3867	203	3	relationship	relationship	NOUN
fsr-3867	203	4	is	be	AUX
fsr-3867	203	5	266	266	NUM
fsr-3867	203	6	j.w	j.w	PROPN
fsr-3867	203	7	.	.	PROPN
fsr-3867	203	8	russell	russell	PROPN
fsr-3867	203	9	,	,	PUNCT
fsr-3867	203	10	r.	r.	PROPN
fsr-3867	203	11	brooks	brooks	PROPN
fsr-3867	203	12	/	/	SYM
fsr-3867	203	13	financial	financial	ADJ
fsr-3867	203	14	services	service	NOUN
fsr-3867	203	15	review	review	VERB
fsr-3867	203	16	7	7	NUM
fsr-3867	203	17	(	(	PUNCT
fsr-3867	203	18	1998	1998	NUM
fsr-3867	203	19	)	)	PUNCT
fsr-3867	203	20	257–271	257–271	NUM
fsr-3867	203	21	apparent	apparent	ADJ
fsr-3867	203	22	in	in	ADP
fsr-3867	203	23	fig	fig	NOUN
fsr-3867	203	24	.	.	PUNCT
fsr-3867	203	25	2	2	NUM
fsr-3867	203	26	and	and	CCONJ
fsr-3867	203	27	is	be	AUX
fsr-3867	203	28	calculated	calculate	VERB
fsr-3867	203	29	to	to	PART
fsr-3867	203	30	be	be	AUX
fsr-3867	203	31	0.87	0.87	NUM
fsr-3867	203	32	using	use	VERB
fsr-3867	203	33	the	the	DET
fsr-3867	203	34	college	college	NOUN
fsr-3867	203	35	board	board	PROPN
fsr-3867	203	36	’s	’s	PART
fsr-3867	203	37	college	college	PROPN
fsr-3867	203	38	inflation	inflation	NOUN
fsr-3867	203	39	index	index	NOUN
fsr-3867	203	40	as	as	ADP
fsr-3867	203	41	a	a	DET
fsr-3867	203	42	proxy	proxy	NOUN
fsr-3867	203	43	for	for	ADP
fsr-3867	203	44	tuition	tuition	NOUN
fsr-3867	203	45	inflation	inflation	NOUN
fsr-3867	203	46	(	(	PUNCT
fsr-3867	203	47	chicago	chicago	PROPN
fsr-3867	203	48	board	board	PROPN
fsr-3867	203	49	of	of	ADP
fsr-3867	203	50	trade	trade	NOUN
fsr-3867	203	51	,	,	PUNCT
fsr-3867	203	52	1997	1997	NUM
fsr-3867	203	53	)	)	PUNCT
fsr-3867	203	54	.	.	PUNCT
fsr-3867	204	1	in	in	ADP
fsr-3867	204	2	the	the	DET
fsr-3867	204	3	next	next	ADJ
fsr-3867	204	4	section	section	NOUN
fsr-3867	204	5	,	,	PUNCT
fsr-3867	204	6	this	this	DET
fsr-3867	204	7	study	study	NOUN
fsr-3867	204	8	develops	develop	VERB
fsr-3867	204	9	a	a	DET
fsr-3867	204	10	comprehensive	comprehensive	ADJ
fsr-3867	204	11	example	example	NOUN
fsr-3867	204	12	using	use	VERB
fsr-3867	204	13	u.s	u.s	PROPN
fsr-3867	204	14	.	.	PROPN
fsr-3867	204	15	treasury	treasury	PROPN
fsr-3867	204	16	inflation	inflation	NOUN
fsr-3867	204	17	-	-	PUNCT
fsr-3867	204	18	indexed	index	VERB
fsr-3867	204	19	securities	security	NOUN
fsr-3867	204	20	to	to	PART
fsr-3867	204	21	enhance	enhance	VERB
fsr-3867	204	22	the	the	DET
fsr-3867	204	23	liability	liability	NOUN
fsr-3867	204	24	hedging	hedging	NOUN
fsr-3867	204	25	credit	credit	NOUN
fsr-3867	204	26	component	component	NOUN
fsr-3867	204	27	inherent	inherent	ADJ
fsr-3867	204	28	in	in	ADP
fsr-3867	204	29	the	the	DET
fsr-3867	204	30	surplus	surplus	ADJ
fsr-3867	204	31	framework	framework	NOUN
fsr-3867	204	32	model	model	NOUN
fsr-3867	204	33	.	.	PUNCT
fsr-3867	205	1	5	5	NUM
fsr-3867	205	2	.	.	NOUN
fsr-3867	205	3	example	example	NOUN
fsr-3867	205	4	of	of	ADP
fsr-3867	205	5	surplus	surplus	ADJ
fsr-3867	205	6	framework	framework	NOUN
fsr-3867	205	7	model	model	NOUN
fsr-3867	205	8	the	the	DET
fsr-3867	205	9	trading	trading	NOUN
fsr-3867	205	10	history	history	NOUN
fsr-3867	205	11	of	of	ADP
fsr-3867	205	12	u.s	u.s	PROPN
fsr-3867	205	13	.	.	PROPN
fsr-3867	205	14	treasury	treasury	PROPN
fsr-3867	205	15	inflation	inflation	NOUN
fsr-3867	205	16	-	-	PUNCT
fsr-3867	205	17	indexed	index	VERB
fsr-3867	205	18	securities	security	NOUN
fsr-3867	205	19	is	be	AUX
fsr-3867	205	20	relatively	relatively	ADV
fsr-3867	205	21	limited	limited	ADJ
fsr-3867	205	22	.	.	PUNCT
fsr-3867	206	1	the	the	DET
fsr-3867	206	2	first	first	ADJ
fsr-3867	206	3	note	note	NOUN
fsr-3867	206	4	was	be	AUX
fsr-3867	206	5	issued	issue	VERB
fsr-3867	206	6	in	in	ADP
fsr-3867	206	7	january	january	PROPN
fsr-3867	206	8	of	of	ADP
fsr-3867	206	9	1997	1997	NUM
fsr-3867	206	10	.	.	PUNCT
fsr-3867	207	1	an	an	DET
fsr-3867	207	2	important	important	ADJ
fsr-3867	207	3	feature	feature	NOUN
fsr-3867	207	4	of	of	ADP
fsr-3867	207	5	this	this	DET
fsr-3867	207	6	security	security	NOUN
fsr-3867	207	7	is	be	AUX
fsr-3867	207	8	that	that	SCONJ
fsr-3867	207	9	both	both	CCONJ
fsr-3867	207	10	the	the	DET
fsr-3867	207	11	interest	interest	NOUN
fsr-3867	207	12	payments	payment	NOUN
fsr-3867	207	13	and	and	CCONJ
fsr-3867	207	14	principal	principal	ADJ
fsr-3867	207	15	amount	amount	NOUN
fsr-3867	207	16	are	be	AUX
fsr-3867	207	17	adjusted	adjust	VERB
fsr-3867	207	18	for	for	ADP
fsr-3867	207	19	inflation	inflation	NOUN
fsr-3867	207	20	.	.	PUNCT
fsr-3867	208	1	the	the	DET
fsr-3867	208	2	principal	principal	ADJ
fsr-3867	208	3	amount	amount	NOUN
fsr-3867	208	4	changes	change	NOUN
fsr-3867	208	5	,	,	PUNCT
fsr-3867	208	6	or	or	CCONJ
fsr-3867	208	7	accretes	accrete	NOUN
fsr-3867	208	8	,	,	PUNCT
fsr-3867	208	9	based	base	VERB
fsr-3867	208	10	on	on	ADP
fsr-3867	208	11	a	a	DET
fsr-3867	208	12	predetermined	predetermine	VERB
fsr-3867	208	13	lag	lag	NOUN
fsr-3867	208	14	and	and	CCONJ
fsr-3867	208	15	the	the	DET
fsr-3867	208	16	reporting	reporting	NOUN
fsr-3867	208	17	of	of	ADP
fsr-3867	208	18	cpi	cpi	PROPN
fsr-3867	208	19	to	to	PART
fsr-3867	208	20	reflect	reflect	VERB
fsr-3867	208	21	the	the	DET
fsr-3867	208	22	present	present	ADJ
fsr-3867	208	23	price	price	NOUN
fsr-3867	208	24	environment	environment	NOUN
fsr-3867	208	25	.	.	PUNCT
fsr-3867	209	1	the	the	DET
fsr-3867	209	2	interest	interest	NOUN
fsr-3867	209	3	payments	payment	NOUN
fsr-3867	209	4	are	be	AUX
fsr-3867	209	5	based	base	VERB
fsr-3867	209	6	upon	upon	SCONJ
fsr-3867	209	7	the	the	DET
fsr-3867	209	8	accreted	accrete	VERB
fsr-3867	209	9	principal	principal	ADJ
fsr-3867	209	10	amount	amount	NOUN
fsr-3867	209	11	.	.	PUNCT
fsr-3867	210	1	for	for	ADP
fsr-3867	210	2	instance	instance	NOUN
fsr-3867	210	3	,	,	PUNCT
fsr-3867	210	4	if	if	SCONJ
fsr-3867	210	5	the	the	DET
fsr-3867	210	6	accreted	accrete	VERB
fsr-3867	210	7	principal	principal	NOUN
fsr-3867	210	8	is	be	AUX
fsr-3867	210	9	$	$	SYM
fsr-3867	210	10	1,200	1,200	NUM
fsr-3867	210	11	and	and	CCONJ
fsr-3867	210	12	the	the	DET
fsr-3867	210	13	note	note	NOUN
fsr-3867	210	14	has	have	VERB
fsr-3867	210	15	a	a	DET
fsr-3867	210	16	3	3	NUM
fsr-3867	210	17	3/8	3/8	NUM
fsr-3867	210	18	%	%	NOUN
fsr-3867	210	19	coupon	coupon	NOUN
fsr-3867	210	20	.	.	PUNCT
fsr-3867	211	1	the	the	DET
fsr-3867	211	2	semi	semi	ADJ
fsr-3867	211	3	-	-	ADJ
fsr-3867	211	4	annual	annual	ADJ
fsr-3867	211	5	interest	interest	NOUN
fsr-3867	211	6	payment	payment	NOUN
fsr-3867	211	7	is	be	AUX
fsr-3867	211	8	calculated	calculate	VERB
fsr-3867	211	9	as	as	ADP
fsr-3867	211	10	$	$	SYM
fsr-3867	211	11	1,200*(.03375/2)5	1,200*(.03375/2)5	NUM
fsr-3867	211	12	$	$	SYM
fsr-3867	211	13	20.25	20.25	NUM
fsr-3867	211	14	.	.	PUNCT
fsr-3867	212	1	the	the	DET
fsr-3867	212	2	accreted	accrete	VERB
fsr-3867	212	3	principal	principal	ADJ
fsr-3867	212	4	amount	amount	NOUN
fsr-3867	212	5	changes	change	NOUN
fsr-3867	212	6	to	to	PART
fsr-3867	212	7	reflect	reflect	VERB
fsr-3867	212	8	the	the	DET
fsr-3867	212	9	cumulative	cumulative	ADJ
fsr-3867	212	10	inflation	inflation	NOUN
fsr-3867	212	11	effect	effect	NOUN
fsr-3867	212	12	since	since	SCONJ
fsr-3867	212	13	the	the	DET
fsr-3867	212	14	security	security	NOUN
fsr-3867	212	15	was	be	AUX
fsr-3867	212	16	issued	issue	VERB
fsr-3867	212	17	by	by	ADP
fsr-3867	212	18	multiplying	multiply	VERB
fsr-3867	212	19	the	the	DET
fsr-3867	212	20	original	original	ADJ
fsr-3867	212	21	par	par	NOUN
fsr-3867	212	22	value	value	NOUN
fsr-3867	212	23	,	,	PUNCT
fsr-3867	212	24	$	$	SYM
fsr-3867	212	25	1,000	1,000	NUM
fsr-3867	212	26	,	,	PUNCT
fsr-3867	212	27	by	by	ADP
fsr-3867	212	28	the	the	DET
fsr-3867	212	29	index	index	NOUN
fsr-3867	212	30	ratio	ratio	NOUN
fsr-3867	212	31	.	.	PUNCT
fsr-3867	213	1	this	this	DET
fsr-3867	213	2	section	section	NOUN
fsr-3867	213	3	explores	explore	VERB
fsr-3867	213	4	the	the	DET
fsr-3867	213	5	feasibility	feasibility	NOUN
fsr-3867	213	6	of	of	ADP
fsr-3867	213	7	including	include	VERB
fsr-3867	213	8	the	the	DET
fsr-3867	213	9	inflation	inflation	NOUN
fsr-3867	213	10	-	-	PUNCT
fsr-3867	213	11	indexed	index	VERB
fsr-3867	213	12	treasuries	treasury	NOUN
fsr-3867	213	13	in	in	ADP
fsr-3867	213	14	asset	asset	NOUN
fsr-3867	213	15	allocation	allocation	NOUN
fsr-3867	213	16	decisions	decision	NOUN
fsr-3867	213	17	for	for	ADP
fsr-3867	213	18	prepaid	prepaid	ADJ
fsr-3867	213	19	college	college	NOUN
fsr-3867	213	20	tuition	tuition	NOUN
fsr-3867	213	21	plans	plan	NOUN
fsr-3867	213	22	.	.	PUNCT
fsr-3867	214	1	the	the	DET
fsr-3867	214	2	following	follow	VERB
fsr-3867	214	3	section	section	NOUN
fsr-3867	214	4	will	will	AUX
fsr-3867	214	5	introduce	introduce	VERB
fsr-3867	214	6	the	the	DET
fsr-3867	214	7	framework	framework	NOUN
fsr-3867	214	8	for	for	ADP
fsr-3867	214	9	conducting	conduct	VERB
fsr-3867	214	10	an	an	DET
fsr-3867	214	11	empirical	empirical	ADJ
fsr-3867	214	12	investigation	investigation	NOUN
fsr-3867	214	13	after	after	SCONJ
fsr-3867	214	14	sufficient	sufficient	ADJ
fsr-3867	214	15	data	datum	NOUN
fsr-3867	214	16	has	have	AUX
fsr-3867	214	17	been	be	AUX
fsr-3867	214	18	generated	generate	VERB
fsr-3867	214	19	.	.	PUNCT
fsr-3867	215	1	the	the	DET
fsr-3867	215	2	key	key	ADJ
fsr-3867	215	3	element	element	NOUN
fsr-3867	215	4	of	of	ADP
fsr-3867	215	5	the	the	DET
fsr-3867	215	6	surplus	surplus	ADJ
fsr-3867	215	7	framework	framework	NOUN
fsr-3867	215	8	methodology	methodology	NOUN
fsr-3867	215	9	is	be	AUX
fsr-3867	215	10	the	the	DET
fsr-3867	215	11	covariance	covariance	NOUN
fsr-3867	215	12	term	term	NOUN
fsr-3867	215	13	that	that	PRON
fsr-3867	215	14	provides	provide	VERB
fsr-3867	215	15	the	the	DET
fsr-3867	215	16	liability	liability	NOUN
fsr-3867	215	17	hedging	hedging	NOUN
fsr-3867	215	18	credit	credit	NOUN
fsr-3867	215	19	.	.	PUNCT
fsr-3867	216	1	since	since	SCONJ
fsr-3867	216	2	college	college	NOUN
fsr-3867	216	3	tuition	tuition	NOUN
fsr-3867	216	4	is	be	AUX
fsr-3867	216	5	an	an	DET
fsr-3867	216	6	annual	annual	ADJ
fsr-3867	216	7	variable	variable	NOUN
fsr-3867	216	8	,	,	PUNCT
fsr-3867	216	9	one	one	NUM
fsr-3867	216	10	observation	observation	NOUN
fsr-3867	216	11	per	per	ADP
fsr-3867	216	12	year	year	NOUN
fsr-3867	216	13	,	,	PUNCT
fsr-3867	216	14	and	and	CCONJ
fsr-3867	216	15	the	the	DET
fsr-3867	216	16	new	new	ADJ
fsr-3867	216	17	inflation	inflation	NOUN
fsr-3867	216	18	-	-	PUNCT
fsr-3867	216	19	indexed	index	VERB
fsr-3867	216	20	treasuries	treasury	NOUN
fsr-3867	216	21	have	have	VERB
fsr-3867	216	22	a	a	DET
fsr-3867	216	23	one	one	NUM
fsr-3867	216	24	-	-	PUNCT
fsr-3867	216	25	year	year	NOUN
fsr-3867	216	26	history	history	NOUN
fsr-3867	216	27	,	,	PUNCT
fsr-3867	216	28	an	an	DET
fsr-3867	216	29	empirical	empirical	ADJ
fsr-3867	216	30	investigation	investigation	NOUN
fsr-3867	216	31	is	be	AUX
fsr-3867	216	32	not	not	PART
fsr-3867	216	33	possible	possible	ADJ
fsr-3867	216	34	.	.	PUNCT
fsr-3867	217	1	for	for	ADP
fsr-3867	217	2	this	this	DET
fsr-3867	217	3	study	study	NOUN
fsr-3867	217	4	,	,	PUNCT
fsr-3867	217	5	a	a	DET
fsr-3867	217	6	comprehensive	comprehensive	ADJ
fsr-3867	217	7	example	example	NOUN
fsr-3867	217	8	will	will	AUX
fsr-3867	217	9	be	be	AUX
fsr-3867	217	10	set	set	VERB
fsr-3867	217	11	forth	forth	ADV
fsr-3867	217	12	that	that	PRON
fsr-3867	217	13	will	will	AUX
fsr-3867	217	14	allow	allow	VERB
fsr-3867	217	15	managers	manager	NOUN
fsr-3867	217	16	to	to	PART
fsr-3867	217	17	adopt	adopt	VERB
fsr-3867	217	18	a	a	DET
fsr-3867	217	19	surplus	surplus	ADJ
fsr-3867	217	20	framework	framework	NOUN
fsr-3867	217	21	in	in	ADP
fsr-3867	217	22	the	the	DET
fsr-3867	217	23	management	management	NOUN
fsr-3867	217	24	of	of	ADP
fsr-3867	217	25	prepaid	prepaid	ADJ
fsr-3867	217	26	college	college	NOUN
fsr-3867	217	27	tuition	tuition	NOUN
fsr-3867	217	28	plans	plan	NOUN
fsr-3867	217	29	.	.	PUNCT
fsr-3867	218	1	the	the	DET
fsr-3867	218	2	necessary	necessary	ADJ
fsr-3867	218	3	input	input	NOUN
fsr-3867	218	4	variables	variable	NOUN
fsr-3867	218	5	are	be	AUX
fsr-3867	218	6	assumed	assume	VERB
fsr-3867	218	7	below	below	ADP
fsr-3867	218	8	:	:	PUNCT
fsr-3867	218	9	●	●	NUM
fsr-3867	218	10	assets	asset	NOUN
fsr-3867	218	11	today	today	NOUN
fsr-3867	218	12	,	,	PUNCT
fsr-3867	218	13	a0	a0	NOUN
fsr-3867	218	14	5	5	NUM
fsr-3867	218	15	$	$	SYM
fsr-3867	218	16	1,000,000	1,000,000	NUM
fsr-3867	218	17	●	●	NUM
fsr-3867	218	18	liabilities	liability	NOUN
fsr-3867	218	19	today	today	NOUN
fsr-3867	218	20	,	,	PUNCT
fsr-3867	218	21	l0	l0	PROPN
fsr-3867	218	22	5	5	NUM
fsr-3867	218	23	$	$	SYM
fsr-3867	218	24	1,000,000	1,000,000	NUM
fsr-3867	218	25	●	●	NUM
fsr-3867	218	26	new	new	ADJ
fsr-3867	218	27	funds	fund	NOUN
fsr-3867	218	28	,	,	PUNCT
fsr-3867	218	29	a	a	DET
fsr-3867	218	30	5	5	NUM
fsr-3867	218	31	$	$	SYM
fsr-3867	218	32	250,000	250,000	NUM
fsr-3867	218	33	●	●	NUM
fsr-3867	218	34	new	new	ADJ
fsr-3867	218	35	liabilities	liability	NOUN
fsr-3867	218	36	generated	generate	VERB
fsr-3867	218	37	,	,	PUNCT
fsr-3867	218	38	l	l	NOUN
fsr-3867	218	39	5	5	NUM
fsr-3867	218	40	$	$	SYM
fsr-3867	218	41	250,000	250,000	NUM
fsr-3867	218	42	●	●	NUM
fsr-3867	218	43	college	college	NOUN
fsr-3867	218	44	tuition	tuition	NOUN
fsr-3867	218	45	inflation5	inflation5	NOUN
fsr-3867	218	46	8	8	NUM
fsr-3867	218	47	%	%	NOUN
fsr-3867	218	48	●	●	PUNCT
fsr-3867	218	49	portfolio	portfolio	NOUN
fsr-3867	218	50	is	be	AUX
fsr-3867	218	51	limited	limit	VERB
fsr-3867	218	52	to	to	ADP
fsr-3867	218	53	investments	investment	NOUN
fsr-3867	218	54	in	in	ADP
fsr-3867	218	55	s&p	s&p	PROPN
fsr-3867	218	56	500	500	NUM
fsr-3867	218	57	,	,	PUNCT
fsr-3867	218	58	u.s	u.s	PROPN
fsr-3867	218	59	.	.	PROPN
fsr-3867	218	60	government	government	NOUN
fsr-3867	218	61	bonds	bond	NOUN
fsr-3867	218	62	,	,	PUNCT
fsr-3867	218	63	investment	investment	NOUN
fsr-3867	218	64	grade	grade	NOUN
fsr-3867	218	65	u.s	u.s	PROPN
fsr-3867	218	66	.	.	PROPN
fsr-3867	218	67	corporate	corporate	ADJ
fsr-3867	218	68	bonds	bond	NOUN
fsr-3867	218	69	,	,	PUNCT
fsr-3867	218	70	and	and	CCONJ
fsr-3867	218	71	u.s	u.s	PROPN
fsr-3867	218	72	.	.	PROPN
fsr-3867	218	73	treasury	treasury	PROPN
fsr-3867	218	74	inflation	inflation	NOUN
fsr-3867	218	75	-	-	PUNCT
fsr-3867	218	76	indexed	index	VERB
fsr-3867	218	77	securities	security	NOUN
fsr-3867	218	78	(	(	PUNCT
fsr-3867	218	79	also	also	ADV
fsr-3867	218	80	referred	refer	VERB
fsr-3867	218	81	to	to	ADP
fsr-3867	218	82	as	as	ADP
fsr-3867	218	83	u.s	u.s	PROPN
fsr-3867	218	84	.	.	PROPN
fsr-3867	218	85	treasury	treasury	PROPN
fsr-3867	218	86	inflation	inflation	NOUN
fsr-3867	218	87	-	-	PUNCT
fsr-3867	218	88	protected	protect	VERB
fsr-3867	218	89	securities	security	NOUN
fsr-3867	218	90	or	or	CCONJ
fsr-3867	218	91	tips	tip	NOUN
fsr-3867	218	92	)	)	PUNCT
fsr-3867	218	93	.	.	PUNCT
fsr-3867	219	1	●	●	PUNCT
fsr-3867	219	2	using	use	VERB
fsr-3867	219	3	the	the	DET
fsr-3867	219	4	college	college	NOUN
fsr-3867	219	5	inflation	inflation	NOUN
fsr-3867	219	6	index	index	NOUN
fsr-3867	219	7	(	(	PUNCT
fsr-3867	219	8	cinf	cinf	NOUN
fsr-3867	219	9	)	)	PUNCT
fsr-3867	219	10	as	as	ADP
fsr-3867	219	11	the	the	DET
fsr-3867	219	12	tuition	tuition	NOUN
fsr-3867	219	13	inflation	inflation	NOUN
fsr-3867	219	14	variable	variable	NOUN
fsr-3867	219	15	and	and	CCONJ
fsr-3867	219	16	cpi	cpi	NOUN
fsr-3867	219	17	as	as	ADP
fsr-3867	219	18	a	a	DET
fsr-3867	219	19	proxy	proxy	NOUN
fsr-3867	219	20	for	for	ADP
fsr-3867	219	21	tips	tip	NOUN
fsr-3867	219	22	,	,	PUNCT
fsr-3867	219	23	we	we	PRON
fsr-3867	219	24	calculate	calculate	VERB
fsr-3867	219	25	correlation	correlation	NOUN
fsr-3867	219	26	coefficients	coefficient	NOUN
fsr-3867	219	27	for	for	ADP
fsr-3867	219	28	each	each	DET
fsr-3867	219	29	asset	asset	NOUN
fsr-3867	219	30	with	with	ADP
fsr-3867	219	31	this	this	DET
fsr-3867	219	32	liability	liability	NOUN
fsr-3867	219	33	.	.	PUNCT
fsr-3867	220	1	the	the	DET
fsr-3867	220	2	results	result	NOUN
fsr-3867	220	3	are	be	AUX
fsr-3867	220	4	included	include	VERB
fsr-3867	220	5	in	in	ADP
fsr-3867	220	6	table	table	NOUN
fsr-3867	220	7	2	2	NUM
fsr-3867	220	8	.	.	PUNCT
fsr-3867	221	1	given	give	VERB
fsr-3867	221	2	the	the	DET
fsr-3867	221	3	information	information	NOUN
fsr-3867	221	4	above	above	ADV
fsr-3867	221	5	,	,	PUNCT
fsr-3867	221	6	an	an	DET
fsr-3867	221	7	optimal	optimal	ADJ
fsr-3867	221	8	surplus	surplus	ADJ
fsr-3867	221	9	framework	framework	NOUN
fsr-3867	221	10	model	model	NOUN
fsr-3867	221	11	can	can	AUX
fsr-3867	221	12	be	be	AUX
fsr-3867	221	13	developed	develop	VERB
fsr-3867	221	14	that	that	SCONJ
fsr-3867	221	15	not	not	PART
fsr-3867	221	16	only	only	ADV
fsr-3867	221	17	considers	consider	VERB
fsr-3867	221	18	portfolio	portfolio	NOUN
fsr-3867	221	19	return	return	NOUN
fsr-3867	221	20	and	and	CCONJ
fsr-3867	221	21	standard	standard	ADJ
fsr-3867	221	22	deviation	deviation	NOUN
fsr-3867	221	23	,	,	PUNCT
fsr-3867	221	24	but	but	CCONJ
fsr-3867	221	25	also	also	ADV
fsr-3867	221	26	includes	include	VERB
fsr-3867	221	27	the	the	DET
fsr-3867	221	28	liability	liability	NOUN
fsr-3867	221	29	hedging	hedging	NOUN
fsr-3867	221	30	credit	credit	NOUN
fsr-3867	221	31	.	.	PUNCT
fsr-3867	222	1	the	the	DET
fsr-3867	222	2	portfolio	portfolio	NOUN
fsr-3867	222	3	return	return	NOUN
fsr-3867	222	4	and	and	CCONJ
fsr-3867	222	5	standard	standard	ADJ
fsr-3867	222	6	deviation	deviation	NOUN
fsr-3867	222	7	are	be	AUX
fsr-3867	222	8	measured	measure	VERB
fsr-3867	222	9	using	use	VERB
fsr-3867	222	10	standard	standard	ADJ
fsr-3867	222	11	notation	notation	NOUN
fsr-3867	222	12	.	.	PUNCT
fsr-3867	223	1	the	the	DET
fsr-3867	223	2	267j.w	267j.w	PROPN
fsr-3867	223	3	.	.	PUNCT
fsr-3867	224	1	russell	russell	PROPN
fsr-3867	224	2	,	,	PUNCT
fsr-3867	224	3	r.	r.	PROPN
fsr-3867	224	4	brooks	brooks	PROPN
fsr-3867	224	5	/	/	SYM
fsr-3867	224	6	financial	financial	ADJ
fsr-3867	224	7	services	service	NOUN
fsr-3867	224	8	review	review	VERB
fsr-3867	224	9	7	7	NUM
fsr-3867	224	10	(	(	PUNCT
fsr-3867	224	11	1998	1998	NUM
fsr-3867	224	12	)	)	PUNCT
fsr-3867	225	1	257–271	257–271	NUM
fsr-3867	225	2	return	return	NOUN
fsr-3867	225	3	is	be	AUX
fsr-3867	225	4	an	an	DET
fsr-3867	225	5	asset	asset	NOUN
fsr-3867	225	6	allocation	allocation	NOUN
fsr-3867	225	7	-	-	PUNCT
fsr-3867	225	8	weighted	weight	VERB
fsr-3867	225	9	measure	measure	NOUN
fsr-3867	225	10	.	.	PUNCT
fsr-3867	226	1	the	the	DET
fsr-3867	226	2	portfolio	portfolio	NOUN
fsr-3867	226	3	return	return	NOUN
fsr-3867	226	4	is	be	AUX
fsr-3867	226	5	the	the	DET
fsr-3867	226	6	sum	sum	NOUN
fsr-3867	226	7	of	of	ADP
fsr-3867	226	8	the	the	DET
fsr-3867	226	9	weighted	weight	VERB
fsr-3867	226	10	returns	return	NOUN
fsr-3867	226	11	of	of	ADP
fsr-3867	226	12	the	the	DET
fsr-3867	226	13	individual	individual	ADJ
fsr-3867	226	14	assets	asset	NOUN
fsr-3867	226	15	.	.	PUNCT
fsr-3867	227	1	the	the	DET
fsr-3867	227	2	standard	standard	ADJ
fsr-3867	227	3	deviation	deviation	NOUN
fsr-3867	227	4	is	be	AUX
fsr-3867	227	5	measured	measure	VERB
fsr-3867	227	6	as	as	ADP
fsr-3867	227	7	the	the	DET
fsr-3867	227	8	weighted	weighted	ADJ
fsr-3867	227	9	sum	sum	NOUN
fsr-3867	227	10	of	of	ADP
fsr-3867	227	11	the	the	DET
fsr-3867	227	12	standard	standard	ADJ
fsr-3867	227	13	deviations	deviation	NOUN
fsr-3867	227	14	with	with	ADP
fsr-3867	227	15	the	the	DET
fsr-3867	227	16	corresponding	corresponding	ADJ
fsr-3867	227	17	weighted	weight	VERB
fsr-3867	227	18	covariance	covariance	NOUN
fsr-3867	227	19	terms	term	NOUN
fsr-3867	227	20	,	,	PUNCT
fsr-3867	227	21	as	as	ADP
fsr-3867	227	22	in	in	ADP
fsr-3867	227	23	traditional	traditional	ADJ
fsr-3867	227	24	portfolio	portfolio	NOUN
fsr-3867	227	25	theory	theory	NOUN
fsr-3867	227	26	.	.	PUNCT
fsr-3867	228	1	the	the	DET
fsr-3867	228	2	surplus	surplus	ADJ
fsr-3867	228	3	framework	framework	NOUN
fsr-3867	228	4	departs	depart	VERB
fsr-3867	228	5	from	from	ADP
fsr-3867	228	6	the	the	DET
fsr-3867	228	7	traditional	traditional	ADJ
fsr-3867	228	8	portfolio	portfolio	NOUN
fsr-3867	228	9	concept	concept	NOUN
fsr-3867	228	10	in	in	ADP
fsr-3867	228	11	that	that	SCONJ
fsr-3867	228	12	the	the	DET
fsr-3867	228	13	liability	liability	NOUN
fsr-3867	228	14	hedging	hedge	VERB
fsr-3867	228	15	credit	credit	NOUN
fsr-3867	228	16	(	(	PUNCT
fsr-3867	228	17	lhc	lhc	NOUN
fsr-3867	228	18	)	)	PUNCT
fsr-3867	228	19	is	be	AUX
fsr-3867	228	20	added	add	VERB
fsr-3867	228	21	to	to	ADP
fsr-3867	228	22	the	the	DET
fsr-3867	228	23	total	total	ADJ
fsr-3867	228	24	utility	utility	NOUN
fsr-3867	228	25	.	.	PUNCT
fsr-3867	229	1	the	the	DET
fsr-3867	229	2	following	follow	VERB
fsr-3867	229	3	formulas	formula	NOUN
fsr-3867	229	4	summarize	summarize	VERB
fsr-3867	229	5	the	the	DET
fsr-3867	229	6	relationship	relationship	NOUN
fsr-3867	229	7	:	:	PUNCT
fsr-3867	229	8	portfolio	portfolio	NOUN
fsr-3867	229	9	expected	expect	VERB
fsr-3867	229	10	return5	return5	NOUN
fsr-3867	229	11	e(rp	e(rp	NOUN
fsr-3867	229	12	)	)	PUNCT
fsr-3867	229	13	5	5	NUM
fsr-3867	229	14	o	o	NOUN
fsr-3867	229	15	i51	i51	NOUN
fsr-3867	229	16	n	n	ADV
fsr-3867	229	17	xiri	xiri	NOUN
fsr-3867	229	18	,	,	PUNCT
fsr-3867	229	19	for	for	ADP
fsr-3867	229	20	asset	asset	NOUN
fsr-3867	229	21	classes	class	NOUN
fsr-3867	229	22	i	i	PRON
fsr-3867	229	23	,	,	PUNCT
fsr-3867	229	24	.	.	PUNCT
fsr-3867	229	25	.	.	PUNCT
fsr-3867	229	26	.	.	PUNCT
fsr-3867	230	1	,	,	PUNCT
fsr-3867	230	2	n	n	CCONJ
fsr-3867	230	3	(	(	PUNCT
fsr-3867	230	4	10	10	NUM
fsr-3867	230	5	)	)	PUNCT
fsr-3867	230	6	portfolio	portfolio	NOUN
fsr-3867	230	7	variance5	variance5	NOUN
fsr-3867	230	8	sp	sp	ADP
fsr-3867	230	9	2	2	NUM
fsr-3867	230	10	5	5	NUM
fsr-3867	230	11	o	o	NOUN
fsr-3867	230	12	i51	i51	NOUN
fsr-3867	230	13	n	n	NOUN
fsr-3867	230	14	xi	xi	ADP
fsr-3867	230	15	2si	2si	ADJ
fsr-3867	230	16	2	2	NUM
fsr-3867	230	17	1	1	NUM
fsr-3867	230	18	o	o	NOUN
fsr-3867	230	19	i51	i51	NOUN
fsr-3867	230	20	n	n	NOUN
fsr-3867	230	21	o	o	NOUN
fsr-3867	230	22	j51	j51	NOUN
fsr-3867	230	23	n	n	PROPN
fsr-3867	230	24	xixj	xixj	PROPN
fsr-3867	230	25	covij	covij	NOUN
fsr-3867	230	26	,	,	PUNCT
fsr-3867	230	27	for	for	ADP
fsr-3867	230	28	all	all	DET
fsr-3867	230	29	i	i	PRON
fsr-3867	230	30	,	,	PUNCT
fsr-3867	230	31	j	j	PROPN
fsr-3867	230	32	}	}	PUNCT
fsr-3867	230	33	i	i	PRON
fsr-3867	231	1	þ	þ	PROPN
fsr-3867	231	2	j	j	PROPN
fsr-3867	231	3	(	(	PUNCT
fsr-3867	231	4	11	11	NUM
fsr-3867	231	5	)	)	PUNCT
fsr-3867	231	6	portfolio	portfolio	NOUN
fsr-3867	231	7	standard	standard	ADJ
fsr-3867	231	8	deviation5	deviation5	NOUN
fsr-3867	231	9	sp	sp	ADP
fsr-3867	231	10	5	5	NUM
fsr-3867	231	11	îportfolio	îportfolio	NOUN
fsr-3867	231	12	variance	variance	NOUN
fsr-3867	231	13	(	(	PUNCT
fsr-3867	231	14	12	12	NUM
fsr-3867	231	15	)	)	PUNCT
fsr-3867	231	16	liability	liability	NOUN
fsr-3867	231	17	hedging	hedge	VERB
fsr-3867	231	18	credit5	credit5	NOUN
fsr-3867	231	19	lhci	lhci	NOUN
fsr-3867	231	20	5	5	NUM
fsr-3867	231	21	2	2	NUM
fsr-3867	231	22	h	h	NOUN
fsr-3867	231	23	l0	l0	PROPN
fsr-3867	231	24	a0	a0	PROPN
fsr-3867	231	25	covri	covri	PROPN
fsr-3867	231	26	,	,	PUNCT
fsr-3867	231	27	rl	rl	X
fsr-3867	231	28	(	(	PUNCT
fsr-3867	231	29	13	13	NUM
fsr-3867	231	30	)	)	PUNCT
fsr-3867	231	31	table	table	NOUN
fsr-3867	231	32	2	2	NUM
fsr-3867	231	33	example	example	NOUN
fsr-3867	231	34	for	for	ADP
fsr-3867	231	35	surplus	surplus	ADJ
fsr-3867	231	36	framework	framework	NOUN
fsr-3867	231	37	model	model	NOUN
fsr-3867	231	38	asseti	asseti	ADP
fsr-3867	231	39	source	source	NOUN
fsr-3867	231	40	returni	returni	PROPN
fsr-3867	231	41	std	std	NOUN
fsr-3867	231	42	.	.	PUNCT
fsr-3867	232	1	dev.i	dev.i	PROPN
fsr-3867	232	2	rri	rri	X
fsr-3867	232	3	,	,	PUNCT
fsr-3867	232	4	rl	rl	PROPN
fsr-3867	232	5	covri	covri	PROPN
fsr-3867	232	6	,	,	PUNCT
fsr-3867	232	7	rl	rl	PROPN
fsr-3867	232	8	lhci	lhci	PROPN
fsr-3867	232	9	govt	govt	PROPN
fsr-3867	232	10	.	.	PUNCT
fsr-3867	233	1	bond	bond	NOUN
fsr-3867	233	2	6	6	NUM
fsr-3867	233	3	%	%	NOUN
fsr-3867	233	4	8	8	NUM
fsr-3867	233	5	%	%	NOUN
fsr-3867	233	6	0.09	0.09	NUM
fsr-3867	233	7	1.8	1.8	NUM
fsr-3867	233	8	0.072	0.072	NUM
fsr-3867	233	9	corp	corp	PROPN
fsr-3867	233	10	.	.	PROPN
fsr-3867	234	1	bond	bond	PROPN
fsr-3867	234	2	7	7	NUM
fsr-3867	234	3	%	%	NOUN
fsr-3867	234	4	12	12	NUM
fsr-3867	234	5	%	%	NOUN
fsr-3867	234	6	0.07	0.07	NUM
fsr-3867	234	7	2.1	2.1	NUM
fsr-3867	234	8	0.084	0.084	NUM
fsr-3867	234	9	s&p	s&p	PROPN
fsr-3867	234	10	500	500	NUM
fsr-3867	234	11	12	12	NUM
fsr-3867	234	12	%	%	NOUN
fsr-3867	234	13	20	20	NUM
fsr-3867	234	14	%	%	NOUN
fsr-3867	234	15	20.25	20.25	NUM
fsr-3867	234	16	212.5	212.5	NUM
fsr-3867	234	17	20.5	20.5	NUM
fsr-3867	234	18	tips	tip	NOUN
fsr-3867	234	19	6	6	NUM
fsr-3867	234	20	%	%	NOUN
fsr-3867	234	21	6	6	NUM
fsr-3867	234	22	%	%	NOUN
fsr-3867	234	23	0.87	0.87	NUM
fsr-3867	234	24	13.05	13.05	NUM
fsr-3867	234	25	0.522	0.522	NUM
fsr-3867	234	26	the	the	DET
fsr-3867	234	27	portfolio	portfolio	NOUN
fsr-3867	234	28	is	be	AUX
fsr-3867	234	29	limited	limit	VERB
fsr-3867	234	30	to	to	ADP
fsr-3867	234	31	investments	investment	NOUN
fsr-3867	234	32	in	in	ADP
fsr-3867	234	33	u.s	u.s	PROPN
fsr-3867	234	34	.	.	PROPN
fsr-3867	234	35	government	government	NOUN
fsr-3867	234	36	bonds	bond	NOUN
fsr-3867	234	37	(	(	PUNCT
fsr-3867	234	38	govt	govt	NOUN
fsr-3867	234	39	.	.	PUNCT
fsr-3867	235	1	bond	bond	NOUN
fsr-3867	235	2	)	)	PUNCT
fsr-3867	235	3	,	,	PUNCT
fsr-3867	235	4	investment	investment	NOUN
fsr-3867	235	5	grade	grade	NOUN
fsr-3867	235	6	u.s	u.s	PROPN
fsr-3867	235	7	.	.	PROPN
fsr-3867	235	8	corporate	corporate	ADJ
fsr-3867	235	9	bonds	bond	NOUN
fsr-3867	235	10	(	(	PUNCT
fsr-3867	235	11	corp	corp	PROPN
fsr-3867	235	12	.	.	PROPN
fsr-3867	235	13	bond	bond	PROPN
fsr-3867	235	14	)	)	PUNCT
fsr-3867	235	15	,	,	PUNCT
fsr-3867	235	16	s&p	s&p	PROPN
fsr-3867	235	17	500	500	NUM
fsr-3867	235	18	,	,	PUNCT
fsr-3867	235	19	and	and	CCONJ
fsr-3867	235	20	u.s	u.s	PROPN
fsr-3867	235	21	.	.	PROPN
fsr-3867	235	22	treasury	treasury	PROPN
fsr-3867	235	23	inflation	inflation	NOUN
fsr-3867	235	24	-	-	PUNCT
fsr-3867	235	25	indexed	index	VERB
fsr-3867	235	26	securities	security	NOUN
fsr-3867	235	27	(	(	PUNCT
fsr-3867	235	28	also	also	ADV
fsr-3867	235	29	referred	refer	VERB
fsr-3867	235	30	to	to	ADP
fsr-3867	235	31	as	as	ADP
fsr-3867	235	32	u.s	u.s	PROPN
fsr-3867	235	33	.	.	PROPN
fsr-3867	235	34	treasury	treasury	PROPN
fsr-3867	235	35	inflation	inflation	NOUN
fsr-3867	235	36	-	-	PUNCT
fsr-3867	235	37	protected	protect	VERB
fsr-3867	235	38	securities	security	NOUN
fsr-3867	235	39	or	or	CCONJ
fsr-3867	235	40	tips	tip	NOUN
fsr-3867	235	41	)	)	PUNCT
fsr-3867	235	42	.	.	PUNCT
fsr-3867	236	1	return	return	NOUN
fsr-3867	236	2	,	,	PUNCT
fsr-3867	236	3	standard	standard	ADJ
fsr-3867	236	4	deviation	deviation	NOUN
fsr-3867	236	5	,	,	PUNCT
fsr-3867	236	6	and	and	CCONJ
fsr-3867	236	7	correlation	correlation	NOUN
fsr-3867	236	8	coefficient	coefficient	NOUN
fsr-3867	236	9	measures	measure	NOUN
fsr-3867	236	10	are	be	AUX
fsr-3867	236	11	historical	historical	ADJ
fsr-3867	236	12	averages	average	NOUN
fsr-3867	236	13	.	.	PUNCT
fsr-3867	237	1	the	the	DET
fsr-3867	237	2	correlation	correlation	NOUN
fsr-3867	237	3	coefficient	coefficient	VERB
fsr-3867	237	4	the	the	DET
fsr-3867	237	5	relationship	relationship	NOUN
fsr-3867	237	6	between	between	ADP
fsr-3867	237	7	asset	asset	NOUN
fsr-3867	237	8	returns	return	NOUN
fsr-3867	237	9	and	and	CCONJ
fsr-3867	237	10	the	the	DET
fsr-3867	237	11	college	college	NOUN
fsr-3867	237	12	inflation	inflation	NOUN
fsr-3867	237	13	index	index	NOUN
fsr-3867	237	14	(	(	PUNCT
fsr-3867	237	15	cinf	cinf	NOUN
fsr-3867	237	16	)	)	PUNCT
fsr-3867	237	17	.	.	PUNCT
fsr-3867	238	1	cpi	cpi	PROPN
fsr-3867	238	2	served	serve	VERB
fsr-3867	238	3	as	as	ADP
fsr-3867	238	4	a	a	DET
fsr-3867	238	5	proxy	proxy	NOUN
fsr-3867	238	6	for	for	ADP
fsr-3867	238	7	tips	tip	NOUN
fsr-3867	238	8	in	in	ADP
fsr-3867	238	9	the	the	DET
fsr-3867	238	10	correlation	correlation	NOUN
fsr-3867	238	11	coefficient	coefficient	NOUN
fsr-3867	238	12	calculation	calculation	NOUN
fsr-3867	238	13	.	.	PUNCT
fsr-3867	239	1	rri	rri	NOUN
fsr-3867	239	2	,	,	PUNCT
fsr-3867	239	3	rl	rl	PROPN
fsr-3867	239	4	5	5	NUM
fsr-3867	239	5	correlation	correlation	NOUN
fsr-3867	239	6	coefficient	coefficient	NOUN
fsr-3867	239	7	of	of	ADP
fsr-3867	239	8	returns	return	NOUN
fsr-3867	239	9	for	for	ADP
fsr-3867	239	10	asset	asset	NOUN
fsr-3867	239	11	i	i	NOUN
fsr-3867	239	12	with	with	ADP
fsr-3867	239	13	the	the	DET
fsr-3867	239	14	plan	plan	NOUN
fsr-3867	239	15	liability	liability	NOUN
fsr-3867	239	16	covri	covri	NOUN
fsr-3867	239	17	,	,	PUNCT
fsr-3867	239	18	rl	rl	X
fsr-3867	239	19	5	5	NUM
fsr-3867	239	20	covariance	covariance	NOUN
fsr-3867	239	21	of	of	ADP
fsr-3867	239	22	returns	return	NOUN
fsr-3867	239	23	for	for	ADP
fsr-3867	239	24	asset	asset	NOUN
fsr-3867	239	25	i	i	NOUN
fsr-3867	239	26	with	with	ADP
fsr-3867	239	27	the	the	DET
fsr-3867	239	28	plan	plan	NOUN
fsr-3867	239	29	liability	liability	NOUN
fsr-3867	239	30	liability	liability	NOUN
fsr-3867	239	31	hedging	hedge	VERB
fsr-3867	239	32	credit5	credit5	NOUN
fsr-3867	239	33	lhci	lhci	NOUN
fsr-3867	239	34	5	5	NUM
fsr-3867	239	35	2	2	NUM
fsr-3867	239	36	h	h	NOUN
fsr-3867	239	37	l0	l0	PROPN
fsr-3867	239	38	a0	a0	PROPN
fsr-3867	239	39	vovri	vovri	PROPN
fsr-3867	239	40	,	,	PUNCT
fsr-3867	239	41	rl	rl	ADP
fsr-3867	239	42	liability	liability	NOUN
fsr-3867	239	43	hedging	hedging	NOUN
fsr-3867	239	44	credit5	credit5	NOUN
fsr-3867	239	45	lhcportfolio	lhcportfolio	VERB
fsr-3867	239	46	5	5	NUM
fsr-3867	239	47	o	o	NOUN
fsr-3867	239	48	i51	i51	NOUN
fsr-3867	239	49	n	n	PRON
fsr-3867	239	50	xilhci	xilhci	NOUN
fsr-3867	239	51	the	the	DET
fsr-3867	239	52	table	table	NOUN
fsr-3867	239	53	above	above	ADV
fsr-3867	239	54	is	be	AUX
fsr-3867	239	55	based	base	VERB
fsr-3867	239	56	upon	upon	SCONJ
fsr-3867	239	57	the	the	DET
fsr-3867	239	58	following	follow	VERB
fsr-3867	239	59	assumptions	assumption	NOUN
fsr-3867	239	60	:	:	PUNCT
fsr-3867	239	61	●	●	NUM
fsr-3867	239	62	standard	standard	ADJ
fsr-3867	239	63	deviation	deviation	NOUN
fsr-3867	239	64	for	for	ADP
fsr-3867	239	65	the	the	DET
fsr-3867	239	66	liability	liability	NOUN
fsr-3867	239	67	is	be	AUX
fsr-3867	239	68	2.5	2.5	NUM
fsr-3867	239	69	percent	percent	NOUN
fsr-3867	239	70	.	.	PUNCT
fsr-3867	240	1	this	this	PRON
fsr-3867	240	2	is	be	AUX
fsr-3867	240	3	the	the	DET
fsr-3867	240	4	long	long	ADJ
fsr-3867	240	5	-	-	PUNCT
fsr-3867	240	6	term	term	NOUN
fsr-3867	240	7	historic	historic	ADJ
fsr-3867	240	8	volatility	volatility	NOUN
fsr-3867	240	9	for	for	ADP
fsr-3867	240	10	the	the	DET
fsr-3867	240	11	college	college	NOUN
fsr-3867	240	12	inflation	inflation	NOUN
fsr-3867	240	13	index	index	NOUN
fsr-3867	240	14	.	.	PUNCT
fsr-3867	241	1	●	●	PUNCT
fsr-3867	241	2	initial	initial	ADJ
fsr-3867	241	3	assets	asset	NOUN
fsr-3867	241	4	equal	equal	VERB
fsr-3867	241	5	initial	initial	ADJ
fsr-3867	241	6	liabilities	liability	NOUN
fsr-3867	241	7	,	,	PUNCT
fsr-3867	241	8	i.e.	i.e.	X
fsr-3867	241	9	,	,	PUNCT
fsr-3867	241	10	l0	l0	PROPN
fsr-3867	241	11	/	/	SYM
fsr-3867	241	12	a0	a0	PROPN
fsr-3867	241	13	5	5	NUM
fsr-3867	241	14	1.0	1.0	NUM
fsr-3867	241	15	.	.	PUNCT
fsr-3867	242	1	●	●	PUNCT
fsr-3867	242	2	risk	risk	NOUN
fsr-3867	242	3	tolerance	tolerance	NOUN
fsr-3867	242	4	equals	equal	VERB
fsr-3867	242	5	50	50	NUM
fsr-3867	242	6	,	,	PUNCT
fsr-3867	242	7	i.e.	i.e.	X
fsr-3867	242	8	,	,	PUNCT
fsr-3867	242	9	risk	risk	NOUN
fsr-3867	242	10	aversion	aversion	NOUN
fsr-3867	242	11	equals	equal	VERB
fsr-3867	242	12	2	2	NUM
fsr-3867	242	13	.	.	PUNCT
fsr-3867	242	14	●	●	NUM
fsr-3867	242	15	tips	tip	NOUN
fsr-3867	242	16	real	real	ADJ
fsr-3867	242	17	returns	return	NOUN
fsr-3867	242	18	are	be	AUX
fsr-3867	242	19	converted	convert	VERB
fsr-3867	242	20	to	to	ADP
fsr-3867	242	21	nominal	nominal	ADJ
fsr-3867	242	22	values	value	NOUN
fsr-3867	242	23	for	for	ADP
fsr-3867	242	24	comparison	comparison	NOUN
fsr-3867	242	25	purposes	purpose	NOUN
fsr-3867	242	26	.	.	PUNCT
fsr-3867	243	1	268	268	NUM
fsr-3867	243	2	j.w	j.w	PROPN
fsr-3867	243	3	.	.	PROPN
fsr-3867	243	4	russell	russell	PROPN
fsr-3867	243	5	,	,	PUNCT
fsr-3867	243	6	r.	r.	PROPN
fsr-3867	243	7	brooks	brooks	PROPN
fsr-3867	243	8	/	/	SYM
fsr-3867	243	9	financial	financial	ADJ
fsr-3867	243	10	services	service	NOUN
fsr-3867	243	11	review	review	VERB
fsr-3867	243	12	7	7	NUM
fsr-3867	243	13	(	(	PUNCT
fsr-3867	243	14	1998	1998	NUM
fsr-3867	243	15	)	)	PUNCT
fsr-3867	243	16	257–271	257–271	NUM
fsr-3867	243	17	liability	liability	NOUN
fsr-3867	243	18	hedging	hedging	NOUN
fsr-3867	243	19	credit5	credit5	NOUN
fsr-3867	243	20	lhcportfolio	lhcportfolio	VERB
fsr-3867	243	21	5	5	NUM
fsr-3867	243	22	o	o	NOUN
fsr-3867	243	23	i51	i51	NOUN
fsr-3867	243	24	n	n	PROPN
fsr-3867	243	25	xilhci	xilhci	NOUN
fsr-3867	243	26	(	(	PUNCT
fsr-3867	243	27	14	14	NUM
fsr-3867	243	28	)	)	PUNCT
fsr-3867	243	29	utility	utility	NOUN
fsr-3867	243	30	5	5	NUM
fsr-3867	243	31	portfolio	portfolio	NOUN
fsr-3867	243	32	expected	expect	VERB
fsr-3867	243	33	return2	return2	NOUN
fsr-3867	243	34	risk	risk	NOUN
fsr-3867	243	35	penalty1	penalty1	NOUN
fsr-3867	243	36	liability	liability	NOUN
fsr-3867	243	37	hedging	hedging	NOUN
fsr-3867	243	38	credit	credit	NOUN
fsr-3867	243	39	(	(	PUNCT
fsr-3867	243	40	15	15	NUM
fsr-3867	243	41	)	)	PUNCT
fsr-3867	243	42	utility	utility	NOUN
fsr-3867	243	43	5	5	NUM
fsr-3867	243	44	e(rp	e(rp	NOUN
fsr-3867	243	45	)	)	PUNCT
fsr-3867	243	46	2	2	NUM
fsr-3867	243	47	(	(	PUNCT
fsr-3867	243	48	sp	sp	ADP
fsr-3867	243	49	2	2	NUM
fsr-3867	243	50	/	/	SYM
fsr-3867	243	51	h	h	NOUN
fsr-3867	243	52	)	)	PUNCT
fsr-3867	243	53	1	1	NUM
fsr-3867	243	54	lhcportfolio	lhcportfolio	NOUN
fsr-3867	243	55	(	(	PUNCT
fsr-3867	243	56	16	16	NUM
fsr-3867	243	57	)	)	PUNCT
fsr-3867	243	58	the	the	DET
fsr-3867	243	59	goal	goal	NOUN
fsr-3867	243	60	of	of	ADP
fsr-3867	243	61	the	the	DET
fsr-3867	243	62	college	college	NOUN
fsr-3867	243	63	tuition	tuition	NOUN
fsr-3867	243	64	plan	plan	NOUN
fsr-3867	243	65	manager	manager	NOUN
fsr-3867	243	66	is	be	AUX
fsr-3867	243	67	to	to	PART
fsr-3867	243	68	maximize	maximize	VERB
fsr-3867	243	69	eqn	eqn	NOUN
fsr-3867	243	70	.	.	PUNCT
fsr-3867	244	1	16	16	NUM
fsr-3867	244	2	.	.	PUNCT
fsr-3867	245	1	this	this	PRON
fsr-3867	245	2	is	be	AUX
fsr-3867	245	3	a	a	DET
fsr-3867	245	4	departure	departure	NOUN
fsr-3867	245	5	from	from	ADP
fsr-3867	245	6	the	the	DET
fsr-3867	245	7	traditional	traditional	ADJ
fsr-3867	245	8	portfolio	portfolio	NOUN
fsr-3867	245	9	format	format	NOUN
fsr-3867	245	10	,	,	PUNCT
fsr-3867	245	11	whereby	whereby	SCONJ
fsr-3867	245	12	the	the	DET
fsr-3867	245	13	manager	manager	NOUN
fsr-3867	245	14	maximized	maximize	VERB
fsr-3867	245	15	eqn	eqn	NOUN
fsr-3867	245	16	.	.	PUNCT
fsr-3867	246	1	10	10	NUM
fsr-3867	246	2	subject	subject	NOUN
fsr-3867	246	3	to	to	ADP
fsr-3867	246	4	eqn	eqn	NOUN
fsr-3867	246	5	.	.	PUNCT
fsr-3867	247	1	12	12	NUM
fsr-3867	247	2	.	.	PUNCT
fsr-3867	248	1	using	use	VERB
fsr-3867	248	2	the	the	DET
fsr-3867	248	3	formulas	formula	NOUN
fsr-3867	248	4	above	above	ADP
fsr-3867	248	5	and	and	CCONJ
fsr-3867	248	6	an	an	DET
fsr-3867	248	7	iterative	iterative	NOUN
fsr-3867	248	8	search	search	NOUN
fsr-3867	248	9	for	for	ADP
fsr-3867	248	10	appropriate	appropriate	ADJ
fsr-3867	248	11	asset	asset	NOUN
fsr-3867	248	12	allocations	allocation	NOUN
fsr-3867	248	13	,	,	PUNCT
fsr-3867	248	14	a	a	DET
fsr-3867	248	15	simple	simple	ADJ
fsr-3867	248	16	model	model	NOUN
fsr-3867	248	17	is	be	AUX
fsr-3867	248	18	developed	develop	VERB
fsr-3867	248	19	to	to	PART
fsr-3867	248	20	aid	aid	VERB
fsr-3867	248	21	in	in	ADP
fsr-3867	248	22	this	this	DET
fsr-3867	248	23	critical	critical	ADJ
fsr-3867	248	24	decision	decision	NOUN
fsr-3867	248	25	analysis	analysis	NOUN
fsr-3867	248	26	.	.	PUNCT
fsr-3867	249	1	with	with	ADP
fsr-3867	249	2	the	the	DET
fsr-3867	249	3	information	information	NOUN
fsr-3867	249	4	from	from	ADP
fsr-3867	249	5	table	table	NOUN
fsr-3867	249	6	2	2	NUM
fsr-3867	249	7	,	,	PUNCT
fsr-3867	249	8	an	an	DET
fsr-3867	249	9	asset	asset	NOUN
fsr-3867	249	10	allocation	allocation	NOUN
fsr-3867	249	11	decision	decision	NOUN
fsr-3867	249	12	was	be	AUX
fsr-3867	249	13	performed	perform	VERB
fsr-3867	249	14	.	.	PUNCT
fsr-3867	250	1	by	by	ADP
fsr-3867	250	2	maximizing	maximize	VERB
fsr-3867	250	3	the	the	DET
fsr-3867	250	4	utility	utility	NOUN
fsr-3867	250	5	,	,	PUNCT
fsr-3867	250	6	as	as	SCONJ
fsr-3867	250	7	defined	define	VERB
fsr-3867	250	8	in	in	ADP
fsr-3867	250	9	eqn	eqn	NOUN
fsr-3867	250	10	.	.	PUNCT
fsr-3867	251	1	16	16	NUM
fsr-3867	251	2	,	,	PUNCT
fsr-3867	251	3	the	the	DET
fsr-3867	251	4	optimal	optimal	ADJ
fsr-3867	251	5	asset	asset	NOUN
fsr-3867	251	6	allocation	allocation	NOUN
fsr-3867	251	7	is	be	AUX
fsr-3867	251	8	presented	present	VERB
fsr-3867	251	9	in	in	ADP
fsr-3867	251	10	table	table	NOUN
fsr-3867	251	11	3	3	NUM
fsr-3867	251	12	.	.	PUNCT
fsr-3867	252	1	the	the	DET
fsr-3867	252	2	prepaid	prepaid	PROPN
fsr-3867	252	3	college	college	PROPN
fsr-3867	252	4	tuition	tuition	NOUN
fsr-3867	252	5	plan	plan	NOUN
fsr-3867	252	6	manager	manager	NOUN
fsr-3867	252	7	should	should	AUX
fsr-3867	252	8	allocate	allocate	VERB
fsr-3867	252	9	approximately	approximately	ADV
fsr-3867	252	10	4.7	4.7	NUM
fsr-3867	252	11	%	%	NOUN
fsr-3867	252	12	to	to	ADP
fsr-3867	252	13	government	government	NOUN
fsr-3867	252	14	bonds	bond	NOUN
fsr-3867	252	15	,	,	PUNCT
fsr-3867	252	16	19.8	19.8	NUM
fsr-3867	252	17	%	%	NOUN
fsr-3867	252	18	to	to	ADP
fsr-3867	252	19	investment	investment	NOUN
fsr-3867	252	20	grade	grade	NOUN
fsr-3867	252	21	u.s	u.s	PROPN
fsr-3867	252	22	.	.	PROPN
fsr-3867	252	23	corporate	corporate	ADJ
fsr-3867	252	24	bonds	bond	NOUN
fsr-3867	252	25	,	,	PUNCT
fsr-3867	252	26	34.8	34.8	NUM
fsr-3867	252	27	%	%	NOUN
fsr-3867	252	28	to	to	ADP
fsr-3867	252	29	the	the	DET
fsr-3867	252	30	s&p	s&p	PROPN
fsr-3867	252	31	500	500	NUM
fsr-3867	252	32	,	,	PUNCT
fsr-3867	252	33	and	and	CCONJ
fsr-3867	252	34	40.7	40.7	NUM
fsr-3867	252	35	%	%	NOUN
fsr-3867	252	36	to	to	ADP
fsr-3867	252	37	u.s	u.s	PROPN
fsr-3867	252	38	.	.	PROPN
fsr-3867	252	39	tips	tip	NOUN
fsr-3867	252	40	.	.	PUNCT
fsr-3867	253	1	these	these	DET
fsr-3867	253	2	allocations	allocation	NOUN
fsr-3867	253	3	are	be	AUX
fsr-3867	253	4	driven	drive	VERB
fsr-3867	253	5	by	by	ADP
fsr-3867	253	6	historic	historic	ADJ
fsr-3867	253	7	return	return	NOUN
fsr-3867	253	8	and	and	CCONJ
fsr-3867	253	9	risk	risk	NOUN
fsr-3867	253	10	,	,	PUNCT
fsr-3867	253	11	the	the	DET
fsr-3867	253	12	table	table	NOUN
fsr-3867	253	13	3	3	NUM
fsr-3867	253	14	asset	asset	NOUN
fsr-3867	253	15	allocation	allocation	NOUN
fsr-3867	253	16	results	result	NOUN
fsr-3867	253	17	from	from	ADP
fsr-3867	253	18	surplus	surplus	ADJ
fsr-3867	253	19	framework	framework	NOUN
fsr-3867	253	20	example	example	NOUN
fsr-3867	253	21	the	the	DET
fsr-3867	253	22	results	result	NOUN
fsr-3867	253	23	below	below	ADV
fsr-3867	253	24	are	be	AUX
fsr-3867	253	25	based	base	VERB
fsr-3867	253	26	on	on	ADP
fsr-3867	253	27	the	the	DET
fsr-3867	253	28	values	value	NOUN
fsr-3867	253	29	in	in	ADP
fsr-3867	253	30	table	table	NOUN
fsr-3867	253	31	2	2	NUM
fsr-3867	253	32	and	and	CCONJ
fsr-3867	253	33	were	be	AUX
fsr-3867	253	34	generated	generate	VERB
fsr-3867	253	35	using	use	VERB
fsr-3867	253	36	the	the	DET
fsr-3867	253	37	surplus	surplus	ADJ
fsr-3867	253	38	framework	framework	NOUN
fsr-3867	253	39	model	model	NOUN
fsr-3867	253	40	and	and	CCONJ
fsr-3867	253	41	an	an	DET
fsr-3867	253	42	optimization	optimization	NOUN
fsr-3867	253	43	program	program	NOUN
fsr-3867	253	44	.	.	PUNCT
fsr-3867	254	1	note	note	VERB
fsr-3867	254	2	that	that	SCONJ
fsr-3867	254	3	the	the	DET
fsr-3867	254	4	optimal	optimal	ADJ
fsr-3867	254	5	asset	asset	NOUN
fsr-3867	254	6	allocations	allocation	NOUN
fsr-3867	254	7	include	include	VERB
fsr-3867	254	8	a	a	DET
fsr-3867	254	9	significant	significant	ADJ
fsr-3867	254	10	portion	portion	NOUN
fsr-3867	254	11	of	of	ADP
fsr-3867	254	12	the	the	DET
fsr-3867	254	13	portfolio	portfolio	NOUN
fsr-3867	254	14	being	be	AUX
fsr-3867	254	15	invested	invest	VERB
fsr-3867	254	16	in	in	ADP
fsr-3867	254	17	tips	tip	NOUN
fsr-3867	254	18	.	.	PUNCT
fsr-3867	255	1	although	although	SCONJ
fsr-3867	255	2	the	the	DET
fsr-3867	255	3	return	return	NOUN
fsr-3867	255	4	for	for	ADP
fsr-3867	255	5	tips	tip	NOUN
fsr-3867	255	6	is	be	AUX
fsr-3867	255	7	relatively	relatively	ADV
fsr-3867	255	8	modest	modest	ADJ
fsr-3867	255	9	the	the	DET
fsr-3867	255	10	correlation	correlation	NOUN
fsr-3867	255	11	with	with	ADP
fsr-3867	255	12	the	the	DET
fsr-3867	255	13	liability	liability	NOUN
fsr-3867	255	14	makes	make	VERB
fsr-3867	255	15	this	this	DET
fsr-3867	255	16	security	security	NOUN
fsr-3867	255	17	attractive	attractive	ADJ
fsr-3867	255	18	.	.	PUNCT
fsr-3867	256	1	the	the	DET
fsr-3867	256	2	implication	implication	NOUN
fsr-3867	256	3	from	from	ADP
fsr-3867	256	4	this	this	DET
fsr-3867	256	5	allocation	allocation	NOUN
fsr-3867	256	6	is	be	AUX
fsr-3867	256	7	that	that	SCONJ
fsr-3867	256	8	managers	manager	NOUN
fsr-3867	256	9	may	may	AUX
fsr-3867	256	10	choose	choose	VERB
fsr-3867	256	11	assets	asset	NOUN
fsr-3867	256	12	with	with	ADP
fsr-3867	256	13	low	low	ADJ
fsr-3867	256	14	returns	return	NOUN
fsr-3867	256	15	for	for	ADP
fsr-3867	256	16	their	their	PRON
fsr-3867	256	17	portfolios	portfolio	NOUN
fsr-3867	256	18	if	if	SCONJ
fsr-3867	256	19	the	the	DET
fsr-3867	256	20	degree	degree	NOUN
fsr-3867	256	21	of	of	ADP
fsr-3867	256	22	correlation	correlation	NOUN
fsr-3867	256	23	with	with	ADP
fsr-3867	256	24	the	the	DET
fsr-3867	256	25	liability	liability	NOUN
fsr-3867	256	26	is	be	AUX
fsr-3867	256	27	strong	strong	ADJ
fsr-3867	256	28	enough	enough	ADV
fsr-3867	256	29	to	to	PART
fsr-3867	256	30	enhance	enhance	VERB
fsr-3867	256	31	the	the	DET
fsr-3867	256	32	liability	liability	NOUN
fsr-3867	256	33	hedging	hedging	NOUN
fsr-3867	256	34	credit	credit	NOUN
fsr-3867	256	35	.	.	PUNCT
fsr-3867	257	1	asseti	asseti	ADJ
fsr-3867	257	2	allocation	allocation	NOUN
fsr-3867	257	3	govt	govt	NOUN
fsr-3867	257	4	.	.	PUNCT
fsr-3867	258	1	bond	bond	NOUN
fsr-3867	258	2	4.73	4.73	NUM
fsr-3867	258	3	%	%	NOUN
fsr-3867	258	4	corp	corp	PROPN
fsr-3867	258	5	.	.	PROPN
fsr-3867	258	6	bond	bond	PROPN
fsr-3867	258	7	19.82	19.82	NUM
fsr-3867	258	8	%	%	NOUN
fsr-3867	258	9	s&p	s&p	PROPN
fsr-3867	258	10	500	500	NUM
fsr-3867	258	11	34.75	34.75	NUM
fsr-3867	258	12	%	%	NOUN
fsr-3867	258	13	tips	tip	NOUN
fsr-3867	258	14	40.69	40.69	NUM
fsr-3867	258	15	%	%	NOUN
fsr-3867	258	16	portfolio	portfolio	NOUN
fsr-3867	258	17	expected	expect	VERB
fsr-3867	258	18	return	return	NOUN
fsr-3867	258	19	8.28	8.28	NUM
fsr-3867	258	20	%	%	NOUN
fsr-3867	258	21	std	std	PROPN
fsr-3867	258	22	.	.	PUNCT
fsr-3867	258	23	dev	dev	PROPN
fsr-3867	258	24	.	.	PUNCT
fsr-3867	259	1	7.76	7.76	NUM
fsr-3867	259	2	%	%	NOUN
fsr-3867	259	3	lhc	lhc	NOUN
fsr-3867	259	4	0.06	0.06	NUM
fsr-3867	259	5	utility	utility	NOUN
fsr-3867	259	6	7.14	7.14	NUM
fsr-3867	259	7	%	%	NOUN
fsr-3867	259	8	the	the	DET
fsr-3867	259	9	portfolio	portfolio	NOUN
fsr-3867	259	10	is	be	AUX
fsr-3867	259	11	limited	limit	VERB
fsr-3867	259	12	to	to	ADP
fsr-3867	259	13	investments	investment	NOUN
fsr-3867	259	14	in	in	ADP
fsr-3867	259	15	u.s	u.s	PROPN
fsr-3867	259	16	.	.	PROPN
fsr-3867	259	17	government	government	NOUN
fsr-3867	259	18	bonds	bond	NOUN
fsr-3867	259	19	(	(	PUNCT
fsr-3867	259	20	govt	govt	NOUN
fsr-3867	259	21	.	.	PUNCT
fsr-3867	260	1	bond	bond	NOUN
fsr-3867	260	2	)	)	PUNCT
fsr-3867	260	3	,	,	PUNCT
fsr-3867	260	4	investment	investment	NOUN
fsr-3867	260	5	grade	grade	NOUN
fsr-3867	260	6	u.s	u.s	PROPN
fsr-3867	260	7	.	.	PROPN
fsr-3867	260	8	corporate	corporate	ADJ
fsr-3867	260	9	bonds	bond	NOUN
fsr-3867	260	10	(	(	PUNCT
fsr-3867	260	11	corp	corp	PROPN
fsr-3867	260	12	.	.	PROPN
fsr-3867	260	13	bond	bond	PROPN
fsr-3867	260	14	)	)	PUNCT
fsr-3867	260	15	,	,	PUNCT
fsr-3867	260	16	s&p	s&p	PROPN
fsr-3867	260	17	500	500	NUM
fsr-3867	260	18	,	,	PUNCT
fsr-3867	260	19	and	and	CCONJ
fsr-3867	260	20	u.s	u.s	PROPN
fsr-3867	260	21	.	.	PROPN
fsr-3867	260	22	treasury	treasury	PROPN
fsr-3867	260	23	inflation	inflation	NOUN
fsr-3867	260	24	-	-	PUNCT
fsr-3867	260	25	indexed	index	VERB
fsr-3867	260	26	securities	security	NOUN
fsr-3867	260	27	(	(	PUNCT
fsr-3867	260	28	also	also	ADV
fsr-3867	260	29	referred	refer	VERB
fsr-3867	260	30	to	to	ADP
fsr-3867	260	31	as	as	ADP
fsr-3867	260	32	u.s	u.s	PROPN
fsr-3867	260	33	.	.	PROPN
fsr-3867	260	34	treasury	treasury	PROPN
fsr-3867	260	35	inflation	inflation	NOUN
fsr-3867	260	36	-	-	PUNCT
fsr-3867	260	37	protected	protect	VERB
fsr-3867	260	38	securities	security	NOUN
fsr-3867	260	39	or	or	CCONJ
fsr-3867	260	40	tips	tip	NOUN
fsr-3867	260	41	)	)	PUNCT
fsr-3867	260	42	.	.	PUNCT
fsr-3867	261	1	expected	expect	VERB
fsr-3867	261	2	return	return	NOUN
fsr-3867	261	3	and	and	CCONJ
fsr-3867	261	4	standard	standard	ADJ
fsr-3867	261	5	deviation	deviation	NOUN
fsr-3867	261	6	on	on	ADP
fsr-3867	261	7	the	the	DET
fsr-3867	261	8	portfolio	portfolio	NOUN
fsr-3867	261	9	are	be	AUX
fsr-3867	261	10	calculated	calculate	VERB
fsr-3867	261	11	in	in	ADP
fsr-3867	261	12	the	the	DET
fsr-3867	261	13	usual	usual	ADJ
fsr-3867	261	14	manner	manner	NOUN
fsr-3867	261	15	.	.	PUNCT
fsr-3867	262	1	liability	liability	NOUN
fsr-3867	262	2	hedging	hedge	VERB
fsr-3867	262	3	credit5	credit5	NOUN
fsr-3867	262	4	lhci	lhci	NOUN
fsr-3867	262	5	5	5	NUM
fsr-3867	262	6	2	2	NUM
fsr-3867	262	7	h	h	NOUN
fsr-3867	262	8	l0	l0	PROPN
fsr-3867	262	9	a0	a0	PROPN
fsr-3867	262	10	covri	covri	PROPN
fsr-3867	262	11	,	,	PUNCT
fsr-3867	262	12	rl	rl	ADP
fsr-3867	262	13	liability	liability	NOUN
fsr-3867	262	14	hedging	hedging	NOUN
fsr-3867	262	15	credit5	credit5	NOUN
fsr-3867	262	16	lhcportfolio	lhcportfolio	VERB
fsr-3867	262	17	5	5	NUM
fsr-3867	262	18	o	o	NOUN
fsr-3867	262	19	i51	i51	NOUN
fsr-3867	262	20	n	n	PROPN
fsr-3867	262	21	xilhci	xilhci	NOUN
fsr-3867	262	22	utility	utility	NOUN
fsr-3867	262	23	5	5	NUM
fsr-3867	262	24	portfolio	portfolio	NOUN
fsr-3867	262	25	expected	expect	VERB
fsr-3867	262	26	return2	return2	NOUN
fsr-3867	262	27	risk	risk	NOUN
fsr-3867	262	28	penalty1	penalty1	NOUN
fsr-3867	262	29	liability	liability	NOUN
fsr-3867	262	30	hedging	hedging	NOUN
fsr-3867	262	31	credit	credit	NOUN
fsr-3867	262	32	utility	utility	NOUN
fsr-3867	262	33	5	5	NUM
fsr-3867	262	34	e(rp	e(rp	NOUN
fsr-3867	262	35	)	)	PUNCT
fsr-3867	262	36	2	2	NUM
fsr-3867	262	37	(	(	PUNCT
fsr-3867	262	38	sp	sp	ADP
fsr-3867	262	39	2	2	NUM
fsr-3867	262	40	/	/	SYM
fsr-3867	262	41	h	h	NOUN
fsr-3867	262	42	)	)	PUNCT
fsr-3867	262	43	1	1	NUM
fsr-3867	262	44	lhcportfolio	lhcportfolio	VERB
fsr-3867	262	45	269j.w	269j.w	NUM
fsr-3867	262	46	.	.	PUNCT
fsr-3867	263	1	russell	russell	PROPN
fsr-3867	263	2	,	,	PUNCT
fsr-3867	263	3	r.	r.	PROPN
fsr-3867	263	4	brooks	brooks	PROPN
fsr-3867	263	5	/	/	SYM
fsr-3867	263	6	financial	financial	ADJ
fsr-3867	263	7	services	service	NOUN
fsr-3867	263	8	review	review	VERB
fsr-3867	263	9	7	7	NUM
fsr-3867	263	10	(	(	PUNCT
fsr-3867	263	11	1998	1998	NUM
fsr-3867	263	12	)	)	PUNCT
fsr-3867	263	13	257–271	257–271	NUM
fsr-3867	263	14	correlation	correlation	NOUN
fsr-3867	263	15	with	with	ADP
fsr-3867	263	16	the	the	DET
fsr-3867	263	17	college	college	NOUN
fsr-3867	263	18	inflation	inflation	NOUN
fsr-3867	263	19	index	index	NOUN
fsr-3867	263	20	,	,	PUNCT
fsr-3867	263	21	and	and	CCONJ
fsr-3867	263	22	the	the	DET
fsr-3867	263	23	risk	risk	NOUN
fsr-3867	263	24	tolerance	tolerance	NOUN
fsr-3867	263	25	of	of	ADP
fsr-3867	263	26	the	the	DET
fsr-3867	263	27	manager	manager	NOUN
fsr-3867	263	28	or	or	CCONJ
fsr-3867	263	29	investor	investor	NOUN
fsr-3867	263	30	.	.	PUNCT
fsr-3867	264	1	we	we	PRON
fsr-3867	264	2	allowed	allow	VERB
fsr-3867	264	3	the	the	DET
fsr-3867	264	4	key	key	ADJ
fsr-3867	264	5	parameters	parameter	NOUN
fsr-3867	264	6	;	;	PUNCT
fsr-3867	264	7	liability	liability	NOUN
fsr-3867	264	8	volatility	volatility	NOUN
fsr-3867	264	9	,	,	PUNCT
fsr-3867	264	10	asset	asset	NOUN
fsr-3867	264	11	correlation	correlation	NOUN
fsr-3867	264	12	with	with	ADP
fsr-3867	264	13	tuition	tuition	NOUN
fsr-3867	264	14	inflation	inflation	NOUN
fsr-3867	264	15	,	,	PUNCT
fsr-3867	264	16	and	and	CCONJ
fsr-3867	264	17	degree	degree	NOUN
fsr-3867	264	18	of	of	ADP
fsr-3867	264	19	risk	risk	NOUN
fsr-3867	264	20	aversion	aversion	NOUN
fsr-3867	264	21	to	to	PART
fsr-3867	264	22	change	change	VERB
fsr-3867	264	23	and	and	CCONJ
fsr-3867	264	24	performed	perform	VERB
fsr-3867	264	25	sensitivity	sensitivity	NOUN
fsr-3867	264	26	analyses	analysis	NOUN
fsr-3867	264	27	for	for	ADP
fsr-3867	264	28	these	these	DET
fsr-3867	264	29	key	key	ADJ
fsr-3867	264	30	inputs	input	NOUN
fsr-3867	264	31	.	.	PUNCT
fsr-3867	265	1	the	the	DET
fsr-3867	265	2	results	result	NOUN
fsr-3867	265	3	are	be	AUX
fsr-3867	265	4	included	include	VERB
fsr-3867	265	5	in	in	ADP
fsr-3867	265	6	table	table	NOUN
fsr-3867	265	7	4	4	NUM
fsr-3867	265	8	.	.	PUNCT
fsr-3867	266	1	the	the	DET
fsr-3867	266	2	key	key	ADJ
fsr-3867	266	3	observation	observation	NOUN
fsr-3867	266	4	for	for	ADP
fsr-3867	266	5	the	the	DET
fsr-3867	266	6	surplus	surplus	ADJ
fsr-3867	266	7	framework	framework	NOUN
fsr-3867	266	8	is	be	AUX
fsr-3867	266	9	that	that	SCONJ
fsr-3867	266	10	a	a	DET
fsr-3867	266	11	plan	plan	NOUN
fsr-3867	266	12	manager	manager	NOUN
fsr-3867	266	13	should	should	AUX
fsr-3867	266	14	consider	consider	VERB
fsr-3867	266	15	the	the	DET
fsr-3867	266	16	risk	risk	NOUN
fsr-3867	266	17	and	and	CCONJ
fsr-3867	266	18	return	return	VERB
fsr-3867	266	19	merits	merit	NOUN
fsr-3867	266	20	of	of	ADP
fsr-3867	266	21	the	the	DET
fsr-3867	266	22	assets	asset	NOUN
fsr-3867	266	23	,	,	PUNCT
fsr-3867	266	24	not	not	PART
fsr-3867	266	25	on	on	ADP
fsr-3867	266	26	a	a	DET
fsr-3867	266	27	stand	stand	VERB
fsr-3867	266	28	-	-	PUNCT
fsr-3867	266	29	alone	alone	ADJ
fsr-3867	266	30	basis	basis	NOUN
fsr-3867	266	31	,	,	PUNCT
fsr-3867	266	32	but	but	CCONJ
fsr-3867	266	33	within	within	ADP
fsr-3867	266	34	the	the	DET
fsr-3867	266	35	context	context	NOUN
fsr-3867	266	36	of	of	ADP
fsr-3867	266	37	the	the	DET
fsr-3867	266	38	liabilities	liability	NOUN
fsr-3867	266	39	generated	generate	VERB
fsr-3867	266	40	by	by	ADP
fsr-3867	266	41	the	the	DET
fsr-3867	266	42	plan	plan	NOUN
fsr-3867	266	43	.	.	PUNCT
fsr-3867	267	1	to	to	ADP
fsr-3867	267	2	the	the	DET
fsr-3867	267	3	extent	extent	NOUN
fsr-3867	267	4	that	that	SCONJ
fsr-3867	267	5	a	a	DET
fsr-3867	267	6	relatively	relatively	ADV
fsr-3867	267	7	low	low	ADJ
fsr-3867	267	8	yielding	yield	VERB
fsr-3867	267	9	asset	asset	NOUN
fsr-3867	267	10	has	have	AUX
fsr-3867	267	11	a	a	DET
fsr-3867	267	12	high	high	ADJ
fsr-3867	267	13	degree	degree	NOUN
fsr-3867	267	14	of	of	ADP
fsr-3867	267	15	positive	positive	ADJ
fsr-3867	267	16	correlation	correlation	NOUN
fsr-3867	267	17	with	with	ADP
fsr-3867	267	18	the	the	DET
fsr-3867	267	19	liability	liability	NOUN
fsr-3867	267	20	,	,	PUNCT
fsr-3867	267	21	it	it	PRON
fsr-3867	267	22	might	might	AUX
fsr-3867	267	23	warrant	warrant	VERB
fsr-3867	267	24	consideration	consideration	NOUN
fsr-3867	267	25	from	from	ADP
fsr-3867	267	26	an	an	DET
fsr-3867	267	27	asset	asset	NOUN
fsr-3867	267	28	allocation	allocation	NOUN
fsr-3867	267	29	standpoint	standpoint	NOUN
fsr-3867	267	30	.	.	PUNCT
fsr-3867	268	1	the	the	DET
fsr-3867	268	2	interpretation	interpretation	NOUN
fsr-3867	268	3	of	of	ADP
fsr-3867	268	4	the	the	DET
fsr-3867	268	5	utility	utility	NOUN
fsr-3867	268	6	value	value	NOUN
fsr-3867	268	7	is	be	AUX
fsr-3867	268	8	:	:	PUNCT
fsr-3867	268	9	a	a	DET
fsr-3867	268	10	plan	plan	NOUN
fsr-3867	268	11	manager	manager	NOUN
fsr-3867	268	12	,	,	PUNCT
fsr-3867	268	13	with	with	ADP
fsr-3867	268	14	the	the	DET
fsr-3867	268	15	risk	risk	NOUN
fsr-3867	268	16	tolerance	tolerance	NOUN
fsr-3867	268	17	and	and	CCONJ
fsr-3867	268	18	asset	asset	NOUN
fsr-3867	268	19	choices	choice	NOUN
fsr-3867	268	20	assumed	assume	VERB
fsr-3867	268	21	in	in	ADP
fsr-3867	268	22	this	this	DET
fsr-3867	268	23	example	example	NOUN
fsr-3867	268	24	,	,	PUNCT
fsr-3867	268	25	would	would	AUX
fsr-3867	268	26	be	be	AUX
fsr-3867	268	27	indifferent	indifferent	ADJ
fsr-3867	268	28	between	between	ADP
fsr-3867	268	29	receiving	receive	VERB
fsr-3867	268	30	the	the	DET
fsr-3867	268	31	utility	utility	NOUN
fsr-3867	268	32	value	value	NOUN
fsr-3867	268	33	,	,	PUNCT
fsr-3867	268	34	7.1	7.1	NUM
fsr-3867	268	35	%	%	NOUN
fsr-3867	268	36	,	,	PUNCT
fsr-3867	268	37	and	and	CCONJ
fsr-3867	268	38	an	an	DET
fsr-3867	268	39	asset	asset	NOUN
fsr-3867	268	40	mix	mix	NOUN
fsr-3867	268	41	that	that	PRON
fsr-3867	268	42	provided	provide	VERB
fsr-3867	268	43	7.1	7.1	NUM
fsr-3867	268	44	%	%	NOUN
fsr-3867	268	45	with	with	ADP
fsr-3867	268	46	no	no	DET
fsr-3867	268	47	uncertainty	uncertainty	NOUN
fsr-3867	268	48	and	and	CCONJ
fsr-3867	268	49	no	no	DET
fsr-3867	268	50	ability	ability	NOUN
fsr-3867	268	51	to	to	PART
fsr-3867	268	52	serve	serve	VERB
fsr-3867	268	53	as	as	ADP
fsr-3867	268	54	a	a	DET
fsr-3867	268	55	hedge	hedge	NOUN
fsr-3867	268	56	against	against	ADP
fsr-3867	268	57	fluctuations	fluctuation	NOUN
fsr-3867	268	58	in	in	ADP
fsr-3867	268	59	liability	liability	NOUN
fsr-3867	268	60	values	value	NOUN
fsr-3867	268	61	.	.	PUNCT
fsr-3867	269	1	the	the	DET
fsr-3867	269	2	plan	plan	NOUN
fsr-3867	269	3	manager	manager	NOUN
fsr-3867	269	4	can	can	AUX
fsr-3867	269	5	increase	increase	VERB
fsr-3867	269	6	his	his	PRON
fsr-3867	269	7	/	/	SYM
fsr-3867	269	8	her	her	PRON
fsr-3867	269	9	risk	risk	NOUN
fsr-3867	269	10	-	-	PUNCT
fsr-3867	269	11	adjusted	adjust	VERB
fsr-3867	269	12	expected	expect	VERB
fsr-3867	269	13	return	return	NOUN
fsr-3867	269	14	by	by	ADP
fsr-3867	269	15	the	the	DET
fsr-3867	269	16	value	value	NOUN
fsr-3867	269	17	of	of	ADP
fsr-3867	269	18	the	the	DET
fsr-3867	269	19	liability	liability	NOUN
fsr-3867	269	20	hedging	hedging	NOUN
fsr-3867	269	21	credit	credit	NOUN
fsr-3867	269	22	as	as	ADP
fsr-3867	269	23	a	a	DET
fsr-3867	269	24	result	result	NOUN
fsr-3867	269	25	.	.	PUNCT
fsr-3867	270	1	6	6	X
fsr-3867	270	2	.	.	X
fsr-3867	270	3	conclusion	conclusion	NOUN
fsr-3867	270	4	individuals	individual	NOUN
fsr-3867	270	5	have	have	AUX
fsr-3867	270	6	readily	readily	ADV
fsr-3867	270	7	accepted	accept	VERB
fsr-3867	270	8	prepaid	prepaid	ADJ
fsr-3867	270	9	tuition	tuition	NOUN
fsr-3867	270	10	plans	plan	NOUN
fsr-3867	270	11	and	and	CCONJ
fsr-3867	270	12	the	the	DET
fsr-3867	270	13	plans	plan	NOUN
fsr-3867	270	14	have	have	AUX
fsr-3867	270	15	received	receive	VERB
fsr-3867	270	16	strong	strong	ADJ
fsr-3867	270	17	support	support	NOUN
fsr-3867	270	18	in	in	ADP
fsr-3867	270	19	congress	congress	PROPN
fsr-3867	270	20	.	.	PUNCT
fsr-3867	271	1	given	give	VERB
fsr-3867	271	2	the	the	DET
fsr-3867	271	3	rapidly	rapidly	ADV
fsr-3867	271	4	escalating	escalate	VERB
fsr-3867	271	5	costs	cost	NOUN
fsr-3867	271	6	involved	involve	VERB
fsr-3867	271	7	with	with	ADP
fsr-3867	271	8	attending	attend	VERB
fsr-3867	271	9	college	college	NOUN
fsr-3867	271	10	,	,	PUNCT
fsr-3867	271	11	individuals	individual	NOUN
fsr-3867	271	12	are	be	AUX
fsr-3867	271	13	searching	search	VERB
fsr-3867	271	14	for	for	ADP
fsr-3867	271	15	an	an	DET
fsr-3867	271	16	alternative	alternative	NOUN
fsr-3867	271	17	to	to	ADP
fsr-3867	271	18	indebtedness	indebtedness	NOUN
fsr-3867	271	19	.	.	PUNCT
fsr-3867	272	1	prepaid	prepay	VERB
fsr-3867	272	2	tuition	tuition	NOUN
fsr-3867	272	3	plans	plan	NOUN
fsr-3867	272	4	allow	allow	VERB
fsr-3867	272	5	table	table	NOUN
fsr-3867	272	6	4	4	NUM
fsr-3867	272	7	sensitivity	sensitivity	NOUN
fsr-3867	272	8	analysis	analysis	NOUN
fsr-3867	272	9	of	of	ADP
fsr-3867	272	10	model	model	NOUN
fsr-3867	272	11	parameter	parameter	NOUN
fsr-3867	272	12	values	value	VERB
fsr-3867	272	13	the	the	DET
fsr-3867	272	14	sensitivity	sensitivity	NOUN
fsr-3867	272	15	analysis	analysis	NOUN
fsr-3867	272	16	allows	allow	VERB
fsr-3867	272	17	the	the	DET
fsr-3867	272	18	keys	key	NOUN
fsr-3867	272	19	variables	variable	NOUN
fsr-3867	272	20	of	of	ADP
fsr-3867	272	21	liability	liability	NOUN
fsr-3867	272	22	volatility	volatility	NOUN
fsr-3867	272	23	,	,	PUNCT
fsr-3867	272	24	risk	risk	NOUN
fsr-3867	272	25	aversion	aversion	NOUN
fsr-3867	272	26	,	,	PUNCT
fsr-3867	272	27	and	and	CCONJ
fsr-3867	272	28	correlation	correlation	NOUN
fsr-3867	272	29	between	between	ADP
fsr-3867	272	30	assets	asset	NOUN
fsr-3867	272	31	and	and	CCONJ
fsr-3867	272	32	liabilities	liability	NOUN
fsr-3867	272	33	to	to	PART
fsr-3867	272	34	vary	vary	VERB
fsr-3867	272	35	.	.	PUNCT
fsr-3867	273	1	in	in	ADP
fsr-3867	273	2	the	the	DET
fsr-3867	273	3	tables	table	NOUN
fsr-3867	273	4	below	below	ADP
fsr-3867	273	5	the	the	DET
fsr-3867	273	6	liability	liability	NOUN
fsr-3867	273	7	volatility	volatility	NOUN
fsr-3867	273	8	and	and	CCONJ
fsr-3867	273	9	risk	risk	NOUN
fsr-3867	273	10	aversion	aversion	NOUN
fsr-3867	273	11	are	be	AUX
fsr-3867	273	12	chosen	choose	VERB
fsr-3867	273	13	and	and	CCONJ
fsr-3867	273	14	the	the	DET
fsr-3867	273	15	correlation	correlation	NOUN
fsr-3867	273	16	coefficient	coefficient	NOUN
fsr-3867	273	17	,	,	PUNCT
fsr-3867	273	18	r	r	NOUN
fsr-3867	273	19	,	,	PUNCT
fsr-3867	273	20	is	be	AUX
fsr-3867	273	21	allowed	allow	VERB
fsr-3867	273	22	to	to	PART
fsr-3867	273	23	vary	vary	VERB
fsr-3867	273	24	.	.	PUNCT
fsr-3867	274	1	in	in	ADP
fsr-3867	274	2	each	each	DET
fsr-3867	274	3	table	table	NOUN
fsr-3867	274	4	an	an	DET
fsr-3867	274	5	optimal	optimal	ADJ
fsr-3867	274	6	allocation	allocation	NOUN
fsr-3867	274	7	is	be	AUX
fsr-3867	274	8	presented	present	VERB
fsr-3867	274	9	for	for	ADP
fsr-3867	274	10	the	the	DET
fsr-3867	274	11	four	four	NUM
fsr-3867	274	12	securities	security	NOUN
fsr-3867	274	13	(	(	PUNCT
fsr-3867	274	14	indices	index	NOUN
fsr-3867	274	15	)	)	PUNCT
fsr-3867	274	16	using	use	VERB
fsr-3867	274	17	the	the	DET
fsr-3867	274	18	surplus	surplus	ADJ
fsr-3867	274	19	framework	framework	NOUN
fsr-3867	274	20	model	model	NOUN
fsr-3867	274	21	.	.	PUNCT
fsr-3867	275	1	note	note	VERB
fsr-3867	275	2	that	that	SCONJ
fsr-3867	275	3	in	in	ADP
fsr-3867	275	4	all	all	PRON
fsr-3867	275	5	of	of	ADP
fsr-3867	275	6	the	the	DET
fsr-3867	275	7	allocation	allocation	NOUN
fsr-3867	275	8	decisions	decision	NOUN
fsr-3867	275	9	,	,	PUNCT
fsr-3867	275	10	except	except	SCONJ
fsr-3867	275	11	one	one	NUM
fsr-3867	275	12	,	,	PUNCT
fsr-3867	275	13	tips	tip	NOUN
fsr-3867	275	14	should	should	AUX
fsr-3867	275	15	be	be	AUX
fsr-3867	275	16	included	include	VERB
fsr-3867	275	17	as	as	ADP
fsr-3867	275	18	a	a	DET
fsr-3867	275	19	component	component	NOUN
fsr-3867	275	20	of	of	ADP
fsr-3867	275	21	the	the	DET
fsr-3867	275	22	portfolio	portfolio	NOUN
fsr-3867	275	23	.	.	PUNCT
fsr-3867	276	1	asseti	asseti	PROPN
fsr-3867	276	2	rri	rri	PROPN
fsr-3867	276	3	,	,	PUNCT
fsr-3867	276	4	rl	rl	ADP
fsr-3867	276	5	allocation	allocation	NOUN
fsr-3867	276	6	rri	rri	PROPN
fsr-3867	276	7	,	,	PUNCT
fsr-3867	276	8	rl	rl	ADP
fsr-3867	276	9	allocation	allocation	NOUN
fsr-3867	276	10	rri	rri	PROPN
fsr-3867	276	11	,	,	PUNCT
fsr-3867	276	12	rl	rl	ADP
fsr-3867	276	13	allocation	allocation	NOUN
fsr-3867	276	14	liability	liability	NOUN
fsr-3867	276	15	standard	standard	ADJ
fsr-3867	276	16	deviation5	deviation5	NOUN
fsr-3867	276	17	6	6	NUM
fsr-3867	276	18	%	%	NOUN
fsr-3867	276	19	,	,	PUNCT
fsr-3867	276	20	risk	risk	NOUN
fsr-3867	276	21	aversion5	aversion5	ADJ
fsr-3867	276	22	4	4	NUM
fsr-3867	276	23	govt	govt	NOUN
fsr-3867	276	24	.	.	PUNCT
fsr-3867	277	1	bond	bond	NOUN
fsr-3867	277	2	.1	.1	NOUN
fsr-3867	277	3	0	0	NUM
fsr-3867	277	4	%	%	NOUN
fsr-3867	277	5	.1	.1	NUM
fsr-3867	277	6	13	13	NUM
fsr-3867	277	7	%	%	NOUN
fsr-3867	277	8	.1	.1	NUM
fsr-3867	277	9	0	0	NUM
fsr-3867	277	10	%	%	PROPN
fsr-3867	277	11	corp	corp	PROPN
fsr-3867	277	12	.	.	PROPN
fsr-3867	277	13	bond	bond	PROPN
fsr-3867	277	14	.1	.1	NOUN
fsr-3867	277	15	0	0	NUM
fsr-3867	277	16	%	%	NOUN
fsr-3867	277	17	.1	.1	NUM
fsr-3867	278	1	27	27	NUM
fsr-3867	278	2	%	%	NOUN
fsr-3867	278	3	.1	.1	NUM
fsr-3867	278	4	10	10	NUM
fsr-3867	278	5	%	%	NOUN
fsr-3867	278	6	s&p	s&p	PROPN
fsr-3867	278	7	500	500	NUM
fsr-3867	278	8	.2	.2	NUM
fsr-3867	278	9	38	38	NUM
fsr-3867	278	10	%	%	NOUN
fsr-3867	278	11	.1	.1	NOUN
fsr-3867	278	12	43	43	NUM
fsr-3867	278	13	%	%	NOUN
fsr-3867	278	14	.5	.5	NUM
fsr-3867	278	15	61	61	NUM
fsr-3867	278	16	%	%	NOUN
fsr-3867	278	17	tips	tip	NOUN
fsr-3867	278	18	.95	.95	NUM
fsr-3867	278	19	62	62	NUM
fsr-3867	278	20	%	%	NOUN
fsr-3867	278	21	.1	.1	NUM
fsr-3867	278	22	17	17	NUM
fsr-3867	278	23	%	%	NOUN
fsr-3867	278	24	.5	.5	NUM
fsr-3867	278	25	29	29	NUM
fsr-3867	278	26	%	%	NOUN
fsr-3867	278	27	liability	liability	NOUN
fsr-3867	278	28	standard	standard	ADJ
fsr-3867	278	29	deviation5	deviation5	ADJ
fsr-3867	278	30	20	20	NUM
fsr-3867	278	31	%	%	NOUN
fsr-3867	278	32	,	,	PUNCT
fsr-3867	278	33	risk	risk	NOUN
fsr-3867	278	34	aversion5	aversion5	ADJ
fsr-3867	278	35	2	2	NUM
fsr-3867	278	36	govt	govt	NOUN
fsr-3867	278	37	.	.	PUNCT
fsr-3867	279	1	bond	bond	NOUN
fsr-3867	279	2	.1	.1	NOUN
fsr-3867	279	3	0	0	NUM
fsr-3867	279	4	%	%	NOUN
fsr-3867	279	5	.1	.1	NUM
fsr-3867	279	6	13	13	NUM
fsr-3867	279	7	%	%	NOUN
fsr-3867	279	8	.1	.1	NUM
fsr-3867	279	9	0	0	NUM
fsr-3867	279	10	%	%	PROPN
fsr-3867	279	11	corp	corp	PROPN
fsr-3867	279	12	.	.	PROPN
fsr-3867	279	13	bond	bond	PROPN
fsr-3867	279	14	.1	.1	NOUN
fsr-3867	279	15	0	0	NUM
fsr-3867	279	16	%	%	NOUN
fsr-3867	279	17	.1	.1	NUM
fsr-3867	279	18	29	29	NUM
fsr-3867	279	19	%	%	NOUN
fsr-3867	279	20	.1	.1	NUM
fsr-3867	279	21	0	0	NUM
fsr-3867	279	22	%	%	NOUN
fsr-3867	279	23	s&p	s&p	PROPN
fsr-3867	279	24	500	500	NUM
fsr-3867	279	25	.2	.2	NUM
fsr-3867	279	26	35	35	NUM
fsr-3867	279	27	%	%	NOUN
fsr-3867	279	28	.1	.1	NUM
fsr-3867	280	1	46	46	NUM
fsr-3867	280	2	%	%	NOUN
fsr-3867	280	3	.5	.5	NUM
fsr-3867	280	4	75	75	NUM
fsr-3867	280	5	%	%	NOUN
fsr-3867	280	6	tips	tip	NOUN
fsr-3867	280	7	.95	.95	NUM
fsr-3867	280	8	65	65	NUM
fsr-3867	280	9	%	%	NOUN
fsr-3867	280	10	.1	.1	NUM
fsr-3867	280	11	13	13	NUM
fsr-3867	280	12	%	%	NOUN
fsr-3867	280	13	.5	.5	NUM
fsr-3867	280	14	25	25	NUM
fsr-3867	280	15	%	%	NOUN
fsr-3867	280	16	liability	liability	NOUN
fsr-3867	280	17	standard	standard	ADJ
fsr-3867	280	18	deviation5	deviation5	ADJ
fsr-3867	280	19	20	20	NUM
fsr-3867	280	20	%	%	NOUN
fsr-3867	280	21	,	,	PUNCT
fsr-3867	280	22	risk	risk	NOUN
fsr-3867	280	23	aversion5	aversion5	ADJ
fsr-3867	280	24	4	4	NUM
fsr-3867	280	25	govt	govt	NOUN
fsr-3867	280	26	.	.	PUNCT
fsr-3867	281	1	bond	bond	NOUN
fsr-3867	281	2	.1	.1	NOUN
fsr-3867	281	3	0	0	NUM
fsr-3867	281	4	%	%	NOUN
fsr-3867	281	5	.1	.1	NUM
fsr-3867	281	6	13	13	NUM
fsr-3867	281	7	%	%	NOUN
fsr-3867	281	8	.1	.1	NUM
fsr-3867	281	9	0	0	NUM
fsr-3867	281	10	%	%	PROPN
fsr-3867	281	11	corp	corp	PROPN
fsr-3867	281	12	.	.	PROPN
fsr-3867	281	13	bond	bond	PROPN
fsr-3867	281	14	.1	.1	NOUN
fsr-3867	281	15	0	0	NUM
fsr-3867	281	16	%	%	NOUN
fsr-3867	281	17	.1	.1	NOUN
fsr-3867	282	1	34	34	NUM
fsr-3867	282	2	%	%	NOUN
fsr-3867	282	3	.1	.1	NUM
fsr-3867	282	4	0	0	NUM
fsr-3867	282	5	%	%	NOUN
fsr-3867	282	6	s&p	s&p	PROPN
fsr-3867	282	7	500	500	NUM
fsr-3867	282	8	.2	.2	NUM
fsr-3867	282	9	27	27	NUM
fsr-3867	282	10	%	%	NOUN
fsr-3867	282	11	.1	.1	NUM
fsr-3867	282	12	52	52	NUM
fsr-3867	282	13	%	%	NOUN
fsr-3867	282	14	.5	.5	NUM
fsr-3867	282	15	100	100	NUM
fsr-3867	282	16	%	%	NOUN
fsr-3867	282	17	tips	tip	NOUN
fsr-3867	282	18	.95	.95	NUM
fsr-3867	282	19	73	73	NUM
fsr-3867	282	20	%	%	NOUN
fsr-3867	282	21	.1	.1	NUM
fsr-3867	282	22	2	2	NUM
fsr-3867	282	23	%	%	NOUN
fsr-3867	282	24	.5	.5	NUM
fsr-3867	282	25	0	0	NUM
fsr-3867	282	26	270	270	NUM
fsr-3867	282	27	j.w	j.w	PROPN
fsr-3867	282	28	.	.	PROPN
fsr-3867	282	29	russell	russell	PROPN
fsr-3867	282	30	,	,	PUNCT
fsr-3867	282	31	r.	r.	PROPN
fsr-3867	282	32	brooks	brooks	PROPN
fsr-3867	282	33	/	/	SYM
fsr-3867	282	34	financial	financial	ADJ
fsr-3867	282	35	services	service	NOUN
fsr-3867	282	36	review	review	VERB
fsr-3867	282	37	7	7	NUM
fsr-3867	282	38	(	(	PUNCT
fsr-3867	282	39	1998	1998	NUM
fsr-3867	282	40	)	)	PUNCT
fsr-3867	282	41	257–271	257–271	NUM
fsr-3867	282	42	individuals	individual	NOUN
fsr-3867	282	43	to	to	PART
fsr-3867	282	44	purchase	purchase	VERB
fsr-3867	282	45	college	college	NOUN
fsr-3867	282	46	tuition	tuition	NOUN
fsr-3867	282	47	today	today	NOUN
fsr-3867	282	48	for	for	ADP
fsr-3867	282	49	use	use	NOUN
fsr-3867	282	50	at	at	ADP
fsr-3867	282	51	a	a	DET
fsr-3867	282	52	later	later	ADJ
fsr-3867	282	53	time	time	NOUN
fsr-3867	282	54	.	.	PUNCT
fsr-3867	283	1	this	this	PRON
fsr-3867	283	2	reduces	reduce	VERB
fsr-3867	283	3	the	the	DET
fsr-3867	283	4	dependency	dependency	NOUN
fsr-3867	283	5	that	that	PRON
fsr-3867	283	6	has	have	AUX
fsr-3867	283	7	been	be	AUX
fsr-3867	283	8	formed	form	VERB
fsr-3867	283	9	between	between	ADP
fsr-3867	283	10	parents	parent	NOUN
fsr-3867	283	11	,	,	PUNCT
fsr-3867	283	12	students	student	NOUN
fsr-3867	283	13	,	,	PUNCT
fsr-3867	283	14	and	and	CCONJ
fsr-3867	283	15	student	student	NOUN
fsr-3867	283	16	loans	loan	NOUN
fsr-3867	283	17	.	.	PUNCT
fsr-3867	284	1	this	this	DET
fsr-3867	284	2	paper	paper	NOUN
fsr-3867	284	3	provides	provide	VERB
fsr-3867	284	4	an	an	DET
fsr-3867	284	5	overview	overview	NOUN
fsr-3867	284	6	of	of	ADP
fsr-3867	284	7	the	the	DET
fsr-3867	284	8	plans	plan	NOUN
fsr-3867	284	9	and	and	CCONJ
fsr-3867	284	10	suggests	suggest	VERB
fsr-3867	284	11	a	a	DET
fsr-3867	284	12	framework	framework	NOUN
fsr-3867	284	13	for	for	ADP
fsr-3867	284	14	managing	manage	VERB
fsr-3867	284	15	the	the	DET
fsr-3867	284	16	tuition	tuition	NOUN
fsr-3867	284	17	risk	risk	NOUN
fsr-3867	284	18	that	that	PRON
fsr-3867	284	19	has	have	AUX
fsr-3867	284	20	been	be	AUX
fsr-3867	284	21	shifted	shift	VERB
fsr-3867	284	22	from	from	ADP
fsr-3867	284	23	individuals	individual	NOUN
fsr-3867	284	24	to	to	ADP
fsr-3867	284	25	states	state	NOUN
fsr-3867	284	26	or	or	CCONJ
fsr-3867	284	27	other	other	ADJ
fsr-3867	284	28	guarantors	guarantor	NOUN
fsr-3867	284	29	.	.	PUNCT
fsr-3867	285	1	although	although	SCONJ
fsr-3867	285	2	the	the	DET
fsr-3867	285	3	focus	focus	NOUN
fsr-3867	285	4	of	of	ADP
fsr-3867	285	5	the	the	DET
fsr-3867	285	6	surplus	surplus	ADJ
fsr-3867	285	7	framework	framework	NOUN
fsr-3867	285	8	model	model	NOUN
fsr-3867	285	9	is	be	AUX
fsr-3867	285	10	for	for	ADP
fsr-3867	285	11	prepaid	prepaid	ADJ
fsr-3867	285	12	tuition	tuition	NOUN
fsr-3867	285	13	plan	plan	NOUN
fsr-3867	285	14	management	management	NOUN
fsr-3867	285	15	the	the	DET
fsr-3867	285	16	methodology	methodology	NOUN
fsr-3867	285	17	may	may	AUX
fsr-3867	285	18	easily	easily	ADV
fsr-3867	285	19	be	be	AUX
fsr-3867	285	20	implemented	implement	VERB
fsr-3867	285	21	by	by	ADP
fsr-3867	285	22	individuals	individual	NOUN
fsr-3867	285	23	who	who	PRON
fsr-3867	285	24	manage	manage	VERB
fsr-3867	285	25	their	their	PRON
fsr-3867	285	26	own	own	ADJ
fsr-3867	285	27	college	college	NOUN
fsr-3867	285	28	investment	investment	NOUN
fsr-3867	285	29	accounts	account	NOUN
fsr-3867	285	30	.	.	PUNCT
fsr-3867	286	1	additionally	additionally	ADV
fsr-3867	286	2	,	,	PUNCT
fsr-3867	286	3	we	we	PRON
fsr-3867	286	4	suggest	suggest	VERB
fsr-3867	286	5	that	that	SCONJ
fsr-3867	286	6	u.s	u.s	PROPN
fsr-3867	286	7	.	.	PROPN
fsr-3867	286	8	treasury	treasury	PROPN
fsr-3867	286	9	inflation	inflation	NOUN
fsr-3867	286	10	-	-	PUNCT
fsr-3867	286	11	indexed	index	VERB
fsr-3867	286	12	securities	security	NOUN
fsr-3867	286	13	be	be	AUX
fsr-3867	286	14	included	include	VERB
fsr-3867	286	15	in	in	ADP
fsr-3867	286	16	an	an	DET
fsr-3867	286	17	asset	asset	NOUN
fsr-3867	286	18	allocation	allocation	NOUN
fsr-3867	286	19	decision	decision	NOUN
fsr-3867	286	20	for	for	ADP
fsr-3867	286	21	tuition	tuition	NOUN
fsr-3867	286	22	inflation	inflation	NOUN
fsr-3867	286	23	management	management	NOUN
fsr-3867	286	24	.	.	PUNCT
fsr-3867	287	1	these	these	DET
fsr-3867	287	2	securities	security	NOUN
fsr-3867	287	3	offer	offer	VERB
fsr-3867	287	4	new	new	ADJ
fsr-3867	287	5	alternatives	alternative	NOUN
fsr-3867	287	6	for	for	ADP
fsr-3867	287	7	inflation	inflation	NOUN
fsr-3867	287	8	-	-	PUNCT
fsr-3867	287	9	averse	averse	ADJ
fsr-3867	287	10	investors	investor	NOUN
fsr-3867	287	11	,	,	PUNCT
fsr-3867	287	12	corporations	corporation	NOUN
fsr-3867	287	13	,	,	PUNCT
fsr-3867	287	14	and	and	CCONJ
fsr-3867	287	15	municipalities	municipality	NOUN
fsr-3867	287	16	.	.	PUNCT
fsr-3867	288	1	this	this	DET
fsr-3867	288	2	paper	paper	NOUN
fsr-3867	288	3	has	have	AUX
fsr-3867	288	4	shown	show	VERB
fsr-3867	288	5	that	that	SCONJ
fsr-3867	288	6	individuals	individual	NOUN
fsr-3867	288	7	and	and	CCONJ
fsr-3867	288	8	states	state	NOUN
fsr-3867	288	9	may	may	AUX
fsr-3867	288	10	employ	employ	VERB
fsr-3867	288	11	the	the	DET
fsr-3867	288	12	new	new	ADJ
fsr-3867	288	13	securities	security	NOUN
fsr-3867	288	14	to	to	PART
fsr-3867	288	15	facilitate	facilitate	VERB
fsr-3867	288	16	in	in	ADP
fsr-3867	288	17	the	the	DET
fsr-3867	288	18	management	management	NOUN
fsr-3867	288	19	of	of	ADP
fsr-3867	288	20	tuition	tuition	NOUN
fsr-3867	288	21	inflation	inflation	NOUN
fsr-3867	288	22	risk	risk	NOUN
fsr-3867	288	23	.	.	PUNCT
fsr-3867	289	1	acknowledgment	acknowledgment	NOUN
fsr-3867	289	2	the	the	DET
fsr-3867	289	3	author	author	NOUN
fsr-3867	289	4	gratefully	gratefully	ADV
fsr-3867	289	5	acknowledges	acknowledge	VERB
fsr-3867	289	6	the	the	DET
fsr-3867	289	7	helpful	helpful	ADJ
fsr-3867	289	8	comments	comment	NOUN
fsr-3867	289	9	of	of	ADP
fsr-3867	289	10	james	james	PROPN
fsr-3867	289	11	ligon	ligon	PROPN
fsr-3867	289	12	and	and	CCONJ
fsr-3867	289	13	robert	robert	PROPN
fsr-3867	289	14	mcleod	mcleod	PROPN
fsr-3867	289	15	.	.	PROPN
fsr-3867	290	1	references	reference	NOUN
fsr-3867	290	2	chicago	chicago	PROPN
fsr-3867	290	3	board	board	PROPN
fsr-3867	290	4	of	of	ADP
fsr-3867	290	5	trade	trade	PROPN
fsr-3867	290	6	.	.	PUNCT
fsr-3867	291	1	(	(	PUNCT
fsr-3867	291	2	1997).inflation	1997).inflation	NUM
fsr-3867	291	3	-	-	PUNCT
fsr-3867	291	4	indexed	index	VERB
fsr-3867	291	5	treasury	treasury	NOUN
fsr-3867	291	6	note	note	PROPN
fsr-3867	291	7	&	&	CCONJ
fsr-3867	291	8	bond	bond	NOUN
fsr-3867	291	9	futures	future	NOUN
fsr-3867	291	10	and	and	CCONJ
fsr-3867	291	11	options	option	NOUN
fsr-3867	291	12	:	:	PUNCT
fsr-3867	291	13	the	the	DET
fsr-3867	291	14	reference	reference	NOUN
fsr-3867	291	15	and	and	CCONJ
fsr-3867	291	16	applications	application	NOUN
fsr-3867	291	17	guide	guide	NOUN
fsr-3867	291	18	.	.	PUNCT
fsr-3867	292	1	chicago	chicago	PROPN
fsr-3867	292	2	,	,	PUNCT
fsr-3867	292	3	il	il	PROPN
fsr-3867	292	4	:	:	PUNCT
fsr-3867	292	5	chicago	chicago	PROPN
fsr-3867	292	6	board	board	PROPN
fsr-3867	292	7	of	of	ADP
fsr-3867	292	8	trade	trade	PROPN
fsr-3867	292	9	.	.	PUNCT
fsr-3867	293	1	ezra	ezra	PROPN
fsr-3867	293	2	,	,	PUNCT
fsr-3867	293	3	d.	d.	PROPN
fsr-3867	293	4	d.	d.	PROPN
fsr-3867	293	5	(	(	PUNCT
fsr-3867	293	6	1991	1991	NUM
fsr-3867	293	7	)	)	PUNCT
fsr-3867	293	8	.	.	PUNCT
fsr-3867	294	1	asset	asset	NOUN
fsr-3867	294	2	allocation	allocation	NOUN
fsr-3867	294	3	by	by	ADP
fsr-3867	294	4	surplus	surplus	NOUN
fsr-3867	294	5	optimization.financial	optimization.financial	ADJ
fsr-3867	294	6	analyst	analyst	NOUN
fsr-3867	294	7	journal(jan.–feb	journal(jan.–feb	PROPN
fsr-3867	294	8	.	.	PUNCT
fsr-3867	294	9	)	)	PUNCT
fsr-3867	294	10	,	,	PUNCT
fsr-3867	294	11	51–57	51–57	NUM
fsr-3867	294	12	.	.	PUNCT
fsr-3867	295	1	fong	fong	PROPN
fsr-3867	295	2	,	,	PUNCT
fsr-3867	295	3	h.	h.	PROPN
fsr-3867	295	4	g.	g.	PROPN
fsr-3867	295	5	(	(	PUNCT
fsr-3867	295	6	1991	1991	NUM
fsr-3867	295	7	)	)	PUNCT
fsr-3867	295	8	.	.	PUNCT
fsr-3867	296	1	utilizing	utilize	VERB
fsr-3867	296	2	concepts	concept	NOUN
fsr-3867	296	3	of	of	ADP
fsr-3867	296	4	modern	modern	ADJ
fsr-3867	296	5	portfolio	portfolio	NOUN
fsr-3867	296	6	theory	theory	NOUN
fsr-3867	296	7	in	in	ADP
fsr-3867	296	8	an	an	DET
fsr-3867	296	9	asset	asset	NOUN
fsr-3867	296	10	/	/	SYM
fsr-3867	296	11	liability	liability	NOUN
fsr-3867	296	12	management	management	NOUN
fsr-3867	296	13	context.icfa	context.icfa	NOUN
fsr-3867	296	14	continuing	continue	VERB
fsr-3867	296	15	education(december	education(december	PROPN
fsr-3867	296	16	)	)	PUNCT
fsr-3867	296	17	,	,	PUNCT
fsr-3867	296	18	14–18	14–18	NUM
fsr-3867	296	19	.	.	PUNCT
fsr-3867	296	20	fowler	fowler	PROPN
fsr-3867	296	21	,	,	PUNCT
fsr-3867	296	22	w.	w.	PROPN
fsr-3867	296	23	j.	j.	PROPN
fsr-3867	296	24	,	,	PUNCT
fsr-3867	296	25	jr	jr	PROPN
fsr-3867	296	26	.	.	PROPN
fsr-3867	297	1	(	(	PUNCT
fsr-3867	297	2	1998).measuring	1998).measure	VERB
fsr-3867	297	3	inflation	inflation	NOUN
fsr-3867	297	4	in	in	ADP
fsr-3867	297	5	public	public	ADJ
fsr-3867	297	6	school	school	NOUN
fsr-3867	297	7	costs	cost	NOUN
fsr-3867	297	8	.	.	PUNCT
fsr-3867	298	1	working	work	VERB
fsr-3867	298	2	paper	paper	NOUN
fsr-3867	298	3	series	series	NOUN
fsr-3867	298	4	,	,	PUNCT
fsr-3867	298	5	paper	paper	NOUN
fsr-3867	298	6	no	no	NOUN
fsr-3867	298	7	.	.	PROPN
fsr-3867	299	1	97	97	NUM
fsr-3867	299	2	-	-	SYM
fsr-3867	299	3	43	43	NUM
fsr-3867	299	4	.	.	PUNCT
fsr-3867	300	1	u.s	u.s	PROPN
fsr-3867	300	2	.	.	PROPN
fsr-3867	300	3	department	department	PROPN
fsr-3867	300	4	of	of	ADP
fsr-3867	300	5	education	education	NOUN
fsr-3867	300	6	,	,	PUNCT
fsr-3867	300	7	office	office	NOUN
fsr-3867	300	8	of	of	ADP
fsr-3867	300	9	educational	educational	ADJ
fsr-3867	300	10	research	research	NOUN
fsr-3867	300	11	and	and	CCONJ
fsr-3867	300	12	improvement	improvement	NOUN
fsr-3867	300	13	.	.	PUNCT
fsr-3867	301	1	friend	friend	NOUN
fsr-3867	301	2	,	,	PUNCT
fsr-3867	301	3	i.	i.	PROPN
fsr-3867	301	4	,	,	PUNCT
fsr-3867	301	5	&	&	CCONJ
fsr-3867	301	6	blume	blume	PROPN
fsr-3867	301	7	,	,	PUNCT
fsr-3867	301	8	m.	m.	NOUN
fsr-3867	301	9	(	(	PUNCT
fsr-3867	301	10	1970	1970	NUM
fsr-3867	301	11	)	)	PUNCT
fsr-3867	301	12	.	.	PUNCT
fsr-3867	302	1	measurement	measurement	NOUN
fsr-3867	302	2	of	of	ADP
fsr-3867	302	3	portfolio	portfolio	NOUN
fsr-3867	302	4	performance	performance	NOUN
fsr-3867	302	5	under	under	ADP
fsr-3867	302	6	uncertainty.american	uncertainty.american	NUM
fsr-3867	302	7	economic	economic	ADJ
fsr-3867	302	8	review	review	NOUN
fsr-3867	302	9	60	60	NUM
fsr-3867	302	10	,	,	PUNCT
fsr-3867	302	11	561–575	561–575	NUM
fsr-3867	302	12	.	.	PUNCT
fsr-3867	302	13	grossman	grossman	PROPN
fsr-3867	302	14	,	,	PUNCT
fsr-3867	302	15	s.	s.	PROPN
fsr-3867	302	16	j.	j.	PROPN
fsr-3867	302	17	,	,	PUNCT
fsr-3867	302	18	&	&	CCONJ
fsr-3867	302	19	shiller	shiller	PROPN
fsr-3867	302	20	,	,	PUNCT
fsr-3867	302	21	r.	r.	PROPN
fsr-3867	302	22	j.	j.	PROPN
fsr-3867	302	23	(	(	PUNCT
fsr-3867	302	24	1981	1981	NUM
fsr-3867	302	25	)	)	PUNCT
fsr-3867	302	26	.	.	PUNCT
fsr-3867	303	1	the	the	DET
fsr-3867	303	2	determinants	determinant	NOUN
fsr-3867	303	3	of	of	ADP
fsr-3867	303	4	the	the	DET
fsr-3867	303	5	variability	variability	NOUN
fsr-3867	303	6	of	of	ADP
fsr-3867	303	7	stock	stock	NOUN
fsr-3867	303	8	market	market	NOUN
fsr-3867	303	9	prices.american	prices.american	NUM
fsr-3867	303	10	economic	economic	ADJ
fsr-3867	303	11	review	review	NOUN
fsr-3867	303	12	71	71	NUM
fsr-3867	303	13	,	,	PUNCT
fsr-3867	303	14	222–227	222–227	NUM
fsr-3867	303	15	.	.	PUNCT
fsr-3867	304	1	leibowitz	leibowitz	PROPN
fsr-3867	304	2	,	,	PUNCT
fsr-3867	304	3	m.	m.	PROPN
fsr-3867	304	4	l.	l.	PROPN
fsr-3867	304	5	,	,	PUNCT
fsr-3867	304	6	kogelman	kogelman	PROPN
fsr-3867	304	7	,	,	PUNCT
fsr-3867	304	8	s.	s.	PROPN
fsr-3867	304	9	,	,	PUNCT
fsr-3867	304	10	&	&	CCONJ
fsr-3867	304	11	bader	bader	PROPN
fsr-3867	304	12	,	,	PUNCT
fsr-3867	304	13	l.	l.	PROPN
fsr-3867	304	14	n.	n.	PROPN
fsr-3867	304	15	(	(	PUNCT
fsr-3867	304	16	1992	1992	NUM
fsr-3867	304	17	)	)	PUNCT
fsr-3867	304	18	.	.	PUNCT
fsr-3867	305	1	asset	asset	NOUN
fsr-3867	305	2	performance	performance	NOUN
fsr-3867	305	3	and	and	CCONJ
fsr-3867	305	4	surplus	surplus	NOUN
fsr-3867	305	5	control	control	NOUN
fsr-3867	305	6	:	:	PUNCT
fsr-3867	305	7	a	a	DET
fsr-3867	305	8	dual	dual	ADJ
fsr-3867	305	9	-	-	PUNCT
fsr-3867	305	10	shortfall	shortfall	NOUN
fsr-3867	305	11	approach.journal	approach.journal	PROPN
fsr-3867	305	12	of	of	ADP
fsr-3867	305	13	portfolio	portfolio	NOUN
fsr-3867	305	14	managementvol	managementvol	NOUN
fsr-3867	305	15	,	,	PUNCT
fsr-3867	305	16	28–37	28–37	PROPN
fsr-3867	305	17	.	.	PUNCT
fsr-3867	306	1	macbeth	macbeth	PROPN
fsr-3867	306	2	,	,	PUNCT
fsr-3867	306	3	j.	j.	PROPN
fsr-3867	306	4	d.	d.	PROPN
fsr-3867	306	5	,	,	PUNCT
fsr-3867	306	6	emanuel	emanuel	PROPN
fsr-3867	306	7	,	,	PUNCT
fsr-3867	306	8	d.	d.	PROPN
fsr-3867	306	9	c.	c.	PROPN
fsr-3867	306	10	,	,	PUNCT
fsr-3867	306	11	&	&	CCONJ
fsr-3867	306	12	heatter	heatter	PROPN
fsr-3867	306	13	,	,	PUNCT
fsr-3867	306	14	c.	c.	PROPN
fsr-3867	306	15	e.	e.	PROPN
fsr-3867	306	16	(	(	PUNCT
fsr-3867	306	17	1994	1994	NUM
fsr-3867	306	18	)	)	PUNCT
fsr-3867	306	19	.	.	PUNCT
fsr-3867	307	1	an	an	DET
fsr-3867	307	2	investment	investment	NOUN
fsr-3867	307	3	strategy	strategy	NOUN
fsr-3867	307	4	for	for	ADP
fsr-3867	307	5	defined	define	VERB
fsr-3867	307	6	benefit	benefit	NOUN
fsr-3867	307	7	plans	plan	NOUN
fsr-3867	307	8	.	.	PUNCT
fsr-3867	308	1	financial	financial	ADJ
fsr-3867	308	2	analyst	analyst	NOUN
fsr-3867	308	3	journal(may	journal(may	PROPN
fsr-3867	308	4	–	–	PUNCT
fsr-3867	308	5	june	june	PROPN
fsr-3867	308	6	)	)	PUNCT
fsr-3867	308	7	,	,	PUNCT
fsr-3867	308	8	34–41	34–41	NUM
fsr-3867	308	9	.	.	PUNCT
fsr-3867	309	1	national	national	PROPN
fsr-3867	309	2	association	association	PROPN
fsr-3867	309	3	of	of	ADP
fsr-3867	309	4	state	state	PROPN
fsr-3867	309	5	treasurers	treasurer	NOUN
fsr-3867	309	6	.	.	PUNCT
fsr-3867	310	1	(	(	PUNCT
fsr-3867	310	2	1998).special	1998).special	NUM
fsr-3867	310	3	report	report	NOUN
fsr-3867	310	4	on	on	ADP
fsr-3867	310	5	state	state	NOUN
fsr-3867	310	6	college	college	NOUN
fsr-3867	310	7	savings	saving	NOUN
fsr-3867	310	8	plans	plan	NOUN
fsr-3867	310	9	.	.	PUNCT
fsr-3867	311	1	peskin	peskin	ADJ
fsr-3867	311	2	,	,	PUNCT
fsr-3867	311	3	m.	m.	NOUN
fsr-3867	311	4	w.	w.	PROPN
fsr-3867	311	5	(	(	PUNCT
fsr-3867	311	6	1997	1997	NUM
fsr-3867	311	7	)	)	PUNCT
fsr-3867	311	8	.	.	PUNCT
fsr-3867	312	1	asset	asset	NOUN
fsr-3867	312	2	allocation	allocation	NOUN
fsr-3867	312	3	and	and	CCONJ
fsr-3867	312	4	funding	funding	NOUN
fsr-3867	312	5	policy	policy	NOUN
fsr-3867	312	6	for	for	ADP
fsr-3867	312	7	corporate	corporate	ADJ
fsr-3867	312	8	-	-	PUNCT
fsr-3867	312	9	sponsored	sponsor	VERB
fsr-3867	312	10	defined	define	VERB
fsr-3867	312	11	-	-	PUNCT
fsr-3867	312	12	benefit	benefit	NOUN
fsr-3867	312	13	pension	pension	NOUN
fsr-3867	312	14	plans	plan	NOUN
fsr-3867	312	15	.	.	PUNCT
fsr-3867	313	1	journal	journal	PROPN
fsr-3867	313	2	of	of	ADP
fsr-3867	313	3	portfolio	portfolio	PROPN
fsr-3867	313	4	management(winter	management(winter	PROPN
fsr-3867	313	5	)	)	PUNCT
fsr-3867	313	6	,	,	PUNCT
fsr-3867	313	7	66–73	66–73	NOUN
fsr-3867	313	8	.	.	PUNCT
fsr-3867	314	1	pratt	pratt	PROPN
fsr-3867	314	2	,	,	PUNCT
fsr-3867	314	3	j.	j.	PROPN
fsr-3867	314	4	w.	w.	PROPN
fsr-3867	314	5	(	(	PUNCT
fsr-3867	314	6	1964	1964	NUM
fsr-3867	314	7	)	)	PUNCT
fsr-3867	314	8	.	.	PUNCT
fsr-3867	315	1	risk	risk	NOUN
fsr-3867	315	2	aversion	aversion	NOUN
fsr-3867	315	3	in	in	ADP
fsr-3867	315	4	the	the	DET
fsr-3867	315	5	small	small	ADJ
fsr-3867	315	6	and	and	CCONJ
fsr-3867	315	7	in	in	ADP
fsr-3867	315	8	the	the	DET
fsr-3867	315	9	large.econometrica	large.econometrica	PROPN
fsr-3867	315	10	32	32	NUM
fsr-3867	315	11	,	,	PUNCT
fsr-3867	315	12	122–136	122–136	NUM
fsr-3867	315	13	.	.	PUNCT
fsr-3867	316	1	sharpe	sharpe	PROPN
fsr-3867	316	2	,	,	PUNCT
fsr-3867	316	3	w.	w.	PROPN
fsr-3867	316	4	f.	f.	PROPN
fsr-3867	316	5	,	,	PUNCT
fsr-3867	316	6	&	&	CCONJ
fsr-3867	316	7	tint	tint	PROPN
fsr-3867	316	8	,	,	PUNCT
fsr-3867	316	9	l.	l.	PROPN
fsr-3867	316	10	g.	g.	PROPN
fsr-3867	316	11	(	(	PUNCT
fsr-3867	316	12	1990	1990	NUM
fsr-3867	316	13	)	)	PUNCT
fsr-3867	316	14	.	.	PUNCT
fsr-3867	317	1	liabilities	liability	NOUN
fsr-3867	317	2	—	—	PUNCT
fsr-3867	317	3	a	a	DET
fsr-3867	317	4	new	new	ADJ
fsr-3867	317	5	approach.journal	approach.journal	PROPN
fsr-3867	317	6	of	of	ADP
fsr-3867	317	7	portfolio	portfolio	NOUN
fsr-3867	317	8	management	management	NOUN
fsr-3867	317	9	16	16	NUM
fsr-3867	317	10	,	,	PUNCT
fsr-3867	317	11	5–10	5–10	PROPN
fsr-3867	317	12	.	.	PUNCT
fsr-3867	318	1	u.s	u.s	PROPN
fsr-3867	318	2	.	.	PROPN
fsr-3867	318	3	general	general	ADJ
fsr-3867	318	4	accounting	accounting	PROPN
fsr-3867	318	5	office	office	NOUN
fsr-3867	318	6	.	.	PUNCT
fsr-3867	319	1	(	(	PUNCT
fsr-3867	319	2	1996	1996	NUM
fsr-3867	319	3	)	)	PUNCT
fsr-3867	319	4	.	.	PUNCT
fsr-3867	320	1	higher	high	ADJ
fsr-3867	320	2	education	education	NOUN
fsr-3867	320	3	:	:	PUNCT
fsr-3867	320	4	tuition	tuition	NOUN
fsr-3867	320	5	increasing	increase	VERB
fsr-3867	320	6	faster	fast	ADV
fsr-3867	320	7	than	than	ADP
fsr-3867	320	8	household	household	NOUN
fsr-3867	320	9	income	income	NOUN
fsr-3867	320	10	and	and	CCONJ
fsr-3867	320	11	public	public	ADJ
fsr-3867	320	12	colleges	college	NOUN
fsr-3867	320	13	’	'	PUNCT
fsr-3867	320	14	costs	cost	NOUN
fsr-3867	320	15	,	,	PUNCT
fsr-3867	320	16	report	report	VERB
fsr-3867	320	17	to	to	ADP
fsr-3867	320	18	congressional	congressional	ADJ
fsr-3867	320	19	requesters	requester	NOUN
fsr-3867	320	20	.	.	PUNCT
fsr-3867	321	1	gao	gao	PROPN
fsr-3867	321	2	/	/	SYM
fsr-3867	321	3	hehs-96	hehs-96	PROPN
fsr-3867	321	4	-	-	NUM
fsr-3867	321	5	154	154	NUM
fsr-3867	321	6	,	,	PUNCT
fsr-3867	321	7	august	august	PROPN
fsr-3867	321	8	.	.	PUNCT
fsr-3867	322	1	271j.w	271j.w	PROPN
fsr-3867	322	2	.	.	PUNCT
fsr-3867	323	1	russell	russell	PROPN
fsr-3867	323	2	,	,	PUNCT
fsr-3867	323	3	r.	r.	PROPN
fsr-3867	323	4	brooks	brooks	PROPN
fsr-3867	323	5	/	/	SYM
fsr-3867	323	6	financial	financial	ADJ
fsr-3867	323	7	services	service	NOUN
fsr-3867	323	8	review	review	VERB
fsr-3867	323	9	7	7	NUM
fsr-3867	323	10	(	(	PUNCT
fsr-3867	323	11	1998	1998	NUM
fsr-3867	323	12	)	)	PUNCT
fsr-3867	323	13	257–271	257–271	NUM