Since Most Deserts Have Internal Drainage, Why Are There Through-Flowing

question 52

Essay

Since most deserts have internal drainage, why are there through-flowing streams, such as the Nile, Niger, Indus, and Colorado Rivers in some deserts?

Analyze empirical studies and their findings on the CAPM and multifactor models.

Identify the challenges of testing the CAPM theory and the implications of these challenges.

Recognize the significance of beta in measuring a portfolio's market risk and its limitations.

Understand the role and limitations of multifactor models in explaining security returns.

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Definitions:

Book Income

The income or profit reported by a company in its financial statements before adjustments for taxes, as per accounting rules, different from taxable income.

Taxable Income

The amount of an individual’s or corporation's income used to determine how much tax is owed, calculated as gross income minus deductions and exemptions.

Fiscal Year-End

The fiscal year-end is the conclusion of a 12-month or 52-week period over which a company or organization measures its financial performance.

Automatic Extension

An automatic extension grants taxpayers additional time to file their tax returns without the need for an explanation.