Mary Is a Nerdy Bookworm Couch Potato Who Rarely Goes

question 39

Essay

Mary is a nerdy bookworm couch potato who rarely goes out of her home except to go to work as a deskbound lawyer.She wears a sweater almost every day including during the summer,and is always complaining about being cold.Edmund,her wealthy boss tells Mary that he will give her $1M if she climbs Mt.Everest.Edmund doesn't believe that she'd even give the offer a second thought.Mary,without saying anything to anyone,starts an intensive training program to whip herself into shape and six months later,during her vacation,in fact,climbs Mt.Everest.Upon returning to work,she presents Edmund a picture of herself on the summit of Mt.Everest and demands her $1M.Edmund tells her that they never had a contract so he owes her nothing and Mary claims that the money is owed based on promissory estoppel.

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Definitions:

Diversified Portfolios

Investment strategies that involve spreading investments across various financial instruments, industries, and other categories to reduce risk.

Market Risk

The risk of losses in investments due to factors that affect the entire market or asset class, such as economic downturns or political instability.

Expected Return

A projection of the amount of profit or loss an investment is likely to generate.

Correlation Coefficients

A statistical measure that calculates the strength and direction of a linear relationship between two variables.