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Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
Harry Truman
Risk-Free Asset
A Risk-Free Asset is an investment that theoretically guarantees its return and has no variance in its expected payout, typically government-issued securities.
Asset Beta
A measure of the risk of an asset isolated from the firm's financial risk, particularly useful in capital asset pricing models (CAPM).
Risk-Free Asset
An investment with a guaranteed return, without any risk of financial loss.
Positive Rate
An interest rate or yield that is above zero, reflecting a positive return on investment.
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