A Built- Up Roof (BUR)membrane Consists of Several Plies of Felt

question 59

Essay

A built- up roof (BUR)membrane consists of several plies of felt, where each successive felt is laid over a mopping of asphalt. The last ply in a BUR is not the same as the underlying plies. What is the difference and why?

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Definitions:

Expected Return

The average of all possible returns from an investment, weighted by their respective probabilities.

Cyclical Stock

Stocks whose prices are affected by macroeconomic changes in the economy.

Countercyclical Stock

Shares of companies that tend to perform well during economic downturns because they offer goods or services that remain in demand.

Portfolio Weight

The percentage composition of a particular holding or investment relative to the total value of the portfolio.