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The _____ team in most organizations includes members of the fire department,police department,and other first responders.
Benchmark Error
Use of an inappropriate proxy for the true market portfolio.
Capital Market Line
In the capital asset pricing model, a line that describes the risk-return trade-off for efficient portfolios, showing that higher risk leads to higher expected return.
Measurement Error
The difference between a measured value of quantity and its true value, often due to imperfections in measurement tools or techniques.
Black, Jensen, and Scholes
Refers to scholars who contributed to the development of financial theories and models, most notably the Black-Scholes model for pricing options.
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