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Trevor Jones accepted a summer internship with Hailey & Thomas,a management consulting firm.The negotiations and offer were all oral.Hailey & Thomas' managing partner did send a letter with the following language:??Welcome to Hailey & Thomas.We are looking forward to working with you.When you arrive in New York,please call me so that we may help you locate lodging for the summer.
-Discuss whether Trevor has a contract and if he has sufficient proof of its existence.Also discuss whether the agreement needed to be in writing.
Market Risk Premium
The surplus return an investor aspires to earn by holding onto a market portfolio fraught with risks as compared to safeguarded, risk-free assets.
Beta
An indicator of the variability of a stock's performance compared to the general market, where a beta greater than 1 suggests a volatility superior to that of the market.
Standard Deviation
A statistic that measures the dispersion or variability of a dataset relative to its mean, used in finance to quantify the volatility of an investment.
Beta
A measure of a stock's volatility in relation to the overall market; it indicates the risk associated with a particular equity.
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