Examlex
What is wrong with the following statements? A fixed quantity of ideal gas at constant volume is warmed from a temperature of 20°C to 40°C. The pressure in the gas doubles during this process because the temperature doubles.
Prudent Investor Rule
Prudent Investor Rule is a legal guideline for fiduciaries that mandates investment strategies should be made as a prudent investor would, considering risk, return, diversification, and the objectives of the trust or beneficiary.
Active Portfolio Management
A strategy where managers make specific investments with the goal of outperforming an investment benchmark index.
Passive Strategy
An investment approach that involves holding a diversified portfolio to match the performance of a market index over time, minimizing buying and selling actions.
After-tax Holding-period Return
The return on an investment after accounting for taxes, over the period it was held, reflecting the true gain or loss.
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