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A focus group typically involves a rigid question-and-answer session among participants.
Average Excess Returns
The average return on an investment above the benchmark or risk-free rate.
Rational Security Pricing
The concept that the market prices of securities reflect all available information and are valued accordingly in an efficient way.
Constant-growth Dividend-discount Model
A method for valuing a stock by assuming that dividends grow at a constant rate indefinitely, used to estimate the stock's price based on future dividend payments.
Multifactor CAPM
Generalization of the basic CAPM that accounts for extra-market hedging demands.
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