Examlex
The New Deal did more to reproduce patterns of racial discrimination than to advance the cause of racial equality.
Arbitrage Pricing Theory
A financial model that estimates the price of securities by considering the relationship between their expected returns and macroeconomic factors.
Single Market Index
An index that measures the performance of a specific market segment or region.
Nonsystematic Risk
This type of risk is unique to a specific company or industry and can be reduced through diversification.
Book-To-Market Ratio
A financial valuation metric comparing a company's book value to its market value, often used to identify undervalued stocks.
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