Examlex
Explain why a minimum of three satellites is necessary to determine a receiver's position using GPS.Also,describe why a fourth satellite is used in position determination.
Forecasted Market Return
The estimated average return expected from the market as a whole over a specified future period, based on historical data and economic indicators.
T-Bill Rate
The yield on short-term U.S. government debt securities, known as Treasury bills, which serve as a benchmark for short-term interest rates.
Adjusted Beta
A beta value modified to account for a stock's historical volatility and tendency to revert to the market mean.
Well-Diversified Portfolio
An investment portfolio that spreads risk across various asset classes, industries, or geographical regions to reduce the impact of any single investment's poor performance.
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