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Perhaps the greatest difference between basic research and program evaluation lies in the differences in
Market Portfolio
A theoretical portfolio of all investable assets, weighted by market capitalization, that represents the entire market.
World Equities
Shares in companies located around the globe, representing ownership across different countries and industries.
Risk-free Rate
The Risk-free Rate is the theoretical return on an investment with no risk of financial loss, typically represented by government bonds.
Future Exchange Rate
An agreed exchange rate for currencies to be exchanged on a predetermined future date, used in futures contracts.
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