Examlex
Which of the following generally is unconstitutional in school?
Excess Returns
Returns on an investment that exceed the benchmark or risk-free return, often used as a measure of the performance of investment managers.
Risk-free Asset
An investment that is expected to deliver its promised returns without any risk of financial loss, typically associated with government bonds.
Risk Premium
The additional return expected by an investor for taking on a higher level of risk compared to a risk-free investment.
Excess Returns
The return on an investment beyond the return expected from risk level, often used to assess performance.
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