Examlex
The best interpretation of Kagan's data is that
Treasury Bills
Short-term government securities issued at a discount from the face value and pay no interest, maturing in one year or less.
Small-company Stocks
Equity investments in companies with smaller market capitalization, often characterized by higher volatility and potential for growth.
Efficient Market
A financial market theory suggesting that asset prices fully reflect all available information at any given time, ensuring that securities are appropriately priced and investors cannot consistently achieve higher-than-average returns.
NPV
Net Present Value, a calculation to determine the present value of future cash flows minus initial investment, used to assess the profitability of a project.
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