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Trevor Jones Accepted a Summer Internship with Hailey & Thomas,a

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Essay

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.


Definitions:

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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