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What are the main characteristics of a command economy? What advantages and disadvantages have command economies brought to countries that use that model?
Overpriced Securities
Financial instruments that are valued higher in the market than their intrinsic worth, often due to speculative activities.
Negative Alphas
A situation where an investment's return is less than the return predicted by its associated risk (alpha less than 0).
Risk-Free Rate
A revised definition for clarity: The theoretical return of an investment with zero risk, often represented by the yield on government treasury bonds.
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