Examlex
Explain the role of social conditions in changing the Iroquois tribe from peaceable people to fierce warriors.
Nonsystematic Variance
The portion of an investment's variance that is attributable to factors specific to its issuer and can be eliminated through diversification.
Market Index
A statistical measure reflecting the composite value of a selection of stocks, representing a specific market or a portion of it, used as a benchmark.
Active Portfolio
An investment portfolio that is managed with the intent to outperform the market through selecting and trading securities.
At-The-Money Call
An option contract with an exercise price that is approximately equal to the current price of the underlying asset.
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