Examlex
The future value of an ordinary annuity of $1,000 each year for 10 years, deposited at 3 percent, is ________.
Nonsystematic Variance
The portion of an investment's variance that is attributable to factors specific to its issuer and can be eliminated through diversification.
Market Index
A statistical measure reflecting the composite value of a selection of stocks, representing a specific market or a portion of it, used as a benchmark.
Active Portfolio
An investment portfolio that is managed with the intent to outperform the market through selecting and trading securities.
At-The-Money Call
An option contract with an exercise price that is approximately equal to the current price of the underlying asset.
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