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A Puff of Air to the Eye Causes a Reflexive

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A puff of air to the eye causes a reflexive blink. If you precede the puff of air with a buzzer, eventually the buzzer will cause a blink. In this example, the puff of air is called the


Definitions:

Holding-Period Return

The total return received from holding an asset or portfolio of assets over a specified period, including interest, dividends, and capital gains.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Holding-Period Return

The total return received from holding an asset or portfolio over a period of time, considering all sources of income and capital gains.

Capital Gains Yield

The price appreciation component of the total return on an investment, calculated as the rise in the investment's price divided by its initial price.

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