Examlex
Perfect timing ability is equivalent to having __________ on the market portfolio.
Price Weighted Index
A stock market index in which each company's stock influences the index in proportion to its price per share.
Adjustable Rate Mortgage
A type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan according to market conditions.
Fixed Rate Mortgage
A mortgage in which the interest rate remains constant throughout the term of the loan.
Interest Rate
is the cost of borrowing money or the return on investment in a savings account, usually expressed as a percentage of the principal over a period of one year.
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