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Explain how those who practice pseudoscience do not follow the practices of good science. Specifically, comment on how Table 5.1, which deals with distinguishing pseudoscience from science, is related to the proper conduct of science.
Trading Costs
Expenses associated with buying and selling securities, including commissions, spreads, and impact costs.
Perpetual Cash Flow
A stream of cash flows that continues indefinitely, often used in financial modeling to value businesses or investments with steady, ongoing income.
Listed Beta
A financial metric that measures the volatility, or systemic risk, of a security or a portfolio in comparison to the market as a whole.
True Beta
A measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole, adjusted for anomalies.
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