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-A communications network established among towns in Massachusetts and also among colonial capital towns in 1772-73 to provide for rapid dissemination of news about important political developments. These bodies politicized ordinary townspeople, sparking a revolutionary language of rights and duties.


Definitions:

Mean-Variance Efficient Portfolio

A Mean-Variance Efficient Portfolio is an investment strategy that aims to optimize the balance between expected return and risk, as defined by the portfolio's volatility.

Single-Index Structure

A model used in finance to describe the returns of a security as a function of a single market index.

Expected Returns

A rephrased definition for Expected Return: The anticipated income or profit from an investment over a specific period, considering various possible scenarios and their probabilities.

Variances of Returns

A statistical measure of the dispersion of returns for a given security or market index, showing the degree of variation from the average.

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