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Solve the problem.
-Find an upper bound for in estimating with steps. Give your answer as a decimal rounded to four decimal places.
Conservatism
In accounting, it is the principle of recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but only recognizing revenues when they are assured of being received.
Put-call Ratio
A metric used to measure market sentiment by dividing the number of traded put options by the number of traded call options.
Breadth
The extent to which movements in the broad market index are reflected widely in movements of individual stock prices.
Confidence Index
Ratio of the yield on top-rated corporate bonds to the yield on intermediate-grade bonds.
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