Examlex
Consider the one-factor APT.The standard deviation of returns on a well-diversified portfolio is 22%.The standard deviation on the factor portfolio is 14%.The beta of the well-diversified portfolio is approximately __________.
Free-ride
The act of benefiting from resources, goods, or services without paying for the cost of the benefit.
Rival
In economics, a good or service is considered rival if its consumption by one individual prevents simultaneous consumption by other individuals.
Excludable
Refers to a property of a good or service where it's possible to prevent people who have not paid for it from having access to it.
Efficient Quantity
The amount of a good or service that maximizes the net benefit to society.
Q4: In a two-security minimum variance portfolio where
Q12: Which of the following characteristics apply to
Q14: Suppose the following equation best describes the
Q29: Over the past year you earned a
Q53: The risk premium on the market portfolio
Q57: Discuss the small firm effect,the neglected firm
Q63: In the APT model,what is the nonsystematic
Q65: What is the expected holding-period return for
Q76: According to the Capital Asset Pricing Model
Q77: The APT was developed in 1976 by