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# Scheduling Stock Issues in the Presence of Transaction Costs Scheduling Stock Issues in the Presence of Transaction Costs
Hanan T Eytan
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09142 1. 15145 1. 19750 2 0. 97956 1. 01874 1. 06458 1. 12314 1. 15806 3 1. 13011 1. 18096 1. 24592 1. 29575 4 1. 26097 1. 33032 1. 38354 5 1. 36886 1. 42361 6 1. 49205 m(t) 1 1 3 4 5 6 a • • = Y-: (l"Ct, -) J, J 'o J t>j -20- I. Algorithm Execution, Example I 1 2 3 4 5 6 1 0. 2+3 . 975 =3. 28205: 3. 280251+ 5 1. 00425 = 8. 260890 8. 260890+ 3 1. 0444 =11. 133298 11. 133298+ 1 1. 09142 =12. 049536 X X 2 X X X X X 3 8. 260890 0. 25+3 11. 136716+ 1 1. 18096 =11. 983185 11. 983185+ 1 1. 24592 =12.... 785805 12. 785805+ 1 + 1. 13011 =11. 136716 1. 29575 =13. 556804 4 11 ; 133298+ 1+0. 3 1. 26097 12. 164250 12. 164250+ 1 1. 133032 =13. 046838 13. 046838+ 1 1. 38354 =13. 769622 5 11. 983185+ 1+0. 3 1. 36886 =12. 932880 12. 932880 + 1 1. 42361 =13. 635320 6 12. 785805+ 0. 2+1 1. 49205 =13. 590066 vU(t-i), t)u£(t-l) / {1} {3} u {1} {3, 4} u {1} {4, 5} u {3} {4, 5, 6} u {3} l(t) 1 1 1 3 3 3 m(t) 1 1 3 4 5 6 F(t) 3. 282051 8. 260890 11. 133298 11. 983185 12. 785805 13. 556804 ■21 II. Algorithm Execution Example II K' 1 2 3 4 5 6 1 0.

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