Examlex
Finding the Pigouvian tax rate is
Excess Return
The return achieved by an asset that exceeds the risk-free rate of return.
Excess Returns
Excess returns refer to the returns achieved above a benchmark or a risk-free rate of return.
Market Index
A statistical measure that reflects the overall movement of the market or a specific sector of the market.
Global Minimum Variance Portfolio
An investment portfolio that aims to achieve the lowest possible level of risk (variance) for a given rate of expected return, comprising assets from around the world.
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