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Common Shares
Equity securities that represent ownership interests in a corporation, giving holders voting rights and a share in the company's profits via dividends.
Replacement Cost
The current cost of replacing an asset with a similar one at its current market value.
Risk-Free Rate
The theoretical rate of return on an investment with zero risk, often represented by the yield on government securities like U.S. Treasury bonds.
Market Portfolio
A theoretical portfolio that contains all assets in the market, with each asset weighted according to its market capitalization.
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