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You have a 3 factor model to explain returns. Explain what a factor represents in the context of the APT?
Each factor is multiplied by a beta. What do these represent and how do they relate to the actual return?
Tangible Symbols
Objects or things that can be perceived by touch and have a specific meaning or represent particular ideas or qualities.
Michael Korda
An author and editor, known for his works on historical biographies as well as his leadership and management insights.
Utilitarian Outcome
A result or consequence of an action that is judged solely based on its ability to provide the greatest good for the greatest number of people.
Ethical
Pertaining to or dealing with morals or the principles of morality; conforming to accepted standards of social or professional behavior.
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