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With logarithmic utility, the Euler equation is given by
or .
Historical Cost Principle
An accounting principle that states assets should be recorded and reported at their original purchase cost.
Brokerage Fees
Charges levied by brokers for facilitating transactions between buyers and sellers in the financial markets.
Investment
The allocation of resources, typically money, into assets or projects with the expectation of generating income or profit.
Investment Income
Earnings from assets acquired, such as dividends on shares or interest on bonds.
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