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Expected Return
The weighted average of all possible returns from an investment, where each return is weighted by its probability of occurring.
Real Estate Project
An initiative involving the purchase, improvement, management, or sale of property assets for the purpose of generating profits or revenue.
Risk-Free Asset
An investment that is expected to return its original value without any loss, theoretically free from default risk.
MRS
Marginal Rate of Substitution, the rate at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility.
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