b = 1; P0 = 5; ytm = 0; yr = 1; N = 5; %%%% CE P = 0; lq_P(1,b,1,ytm,yr,N,P) %%%% Cautious P = P0; lq_P(1,b,1,ytm,yr,N,P) %%%% Compromise P = {P0,P0/2,P0/4,P0/8,P0/16}; lq_P(1,b,1,ytm,yr,N,P)