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Exhibit 7-5
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

question 63

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Exhibit 7-5
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)  Portiolio  Expected Return  Standard Deviation  A 9.8%14.0% B 6.7%9.8% C 11.2%18.5%\begin{array}{ccc}\text { Portiolio } & \text { Expected Return } & \text { Standard Deviation } \\\hline \text { A } & 9.8 \% & 14.0 \% \\\text { B } & 6.7 \% & 9.8 \% \\\text { C } & 11.2\%& 18.5\%\end{array}
-Refer to Exhibit 7-5. Which of the three portfolios are most likely to be the market portfolio?


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First-To-Invent Rule

A patent law principle stating that the right to a patent for an invention goes to the first person to invent it, not necessarily the first to file a patent application.

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First-to-File Policy

A legal principle where the first party to file a patent application for an invention is granted the patent, regardless of who was the first to invent.

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