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Why is culture a learned behavior?
Zero-Investment Portfolio
A portfolio of zero net value, established by buying and shorting component securities, usually in the context of an arbitrage strategy.
Positive Expected Return
A projection that an investment will yield a return above the initial outlay.
Risk-Free Arbitrage
The practice of profiting from price differences in different markets or forms without risk.
Benchmark Portfolio
Portfolio against which a manager is to be evaluated.
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