Examlex
The same ________ can have different effects depending on the properties of the ________.
Treasury Bills
Short-term government securities issued at a discount from the par value and pay no interest.
Market Portfolio
A theoretical portfolio that contains every asset in the market, weighted by market capitalization.
Security Market Line
A graphical representation of the expected return of investments as a function of their risk, specifically their beta.
Expected Return
The average of all the possible returns for an investment, weighted by their respective probabilities.
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