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The "project authorization" in the NSD cycle is part of the development step.
Required Return
The minimum expected rate of return on an investment necessary to compensate for the risk of the investment.
Beta
A measurement of the volatility of a stock or portfolio compared to the market as a whole.
Constant Rate
A fixed percentage or value used in calculations that does not change over the period in question.
Beta
A measure of a stock's volatility in relation to the overall market; a beta greater than 1 indicates that the stock is more volatile than the market.
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