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Consider the one-factor APT. The variance of returns on the factor portfolio is 11. The beta of a well-diversified portfolio on the factor is 1.45. The variance of returns on the well-diversified portfolio is approximately
Compound
A substance made up of two or more elements chemically bonded together.
Atomic
Relating to atoms, the basic units of matter that consist of a nucleus surrounded by electrons.
Truth-functional Compound
A compound statement whose truth value is determined by the truth values of its components.
Atomic Open Sentence
A basic, unquantified statement that contains variables and can be true or false depending on the values of these variables.
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