Problem 20 Consider The Two Completely Separate Economies The Expected Return And Volatility Of All Stocks In Both Economies Is The Same In The First Economy All Stocks Move Together In G

  • Premium Essay

    Social Market Economy

    Proceedings No. 21 Of the Agricultural Policy Forum on Social Market Economy In the Context of National & International Challenges Prepared by Mrs. Nawal Nehme Info-Com Division Held in Damascus on 13 April 2006 With the support of Table of Contents Introduction ...................................................................................................................................... 3 Synthesis of The Presentation ....................................................

    Words: 7769 - Pages: 32

  • Premium Essay

    Emerging Market Mutual Fund Performance and the State of the Economy

    Emerging Market Mutual Fund Performance and the State of the Economy∗ Ayelen Banegas November 2010 Abstract Following the financial liberalization of many Asian, European, and Latin American countries emerging markets have become a central player in the global economy. As a result the universe of equity funds investing in these developing economies has been in continuous expansion. In this paper we propose a set of asset class specific predictive variables for emerging markets and exploit

    Words: 13697 - Pages: 55

  • Free Essay

    Three Questions That All Economies Face Because of the Basic Economic Problem.

    The three questions that all economies are faced by are what to produce, how to produce and for whom to produce for given a limited amount of resources. The basic economic problem faced by all economies is scarcity of resources. McConnell, Brue simply defines scarcity as the shortage of resources within an economy. In a Planned economy the government answers all the three questions what to produce, how to produce and for whom to produce. what to produce is the first question to b addressed. The

    Words: 532 - Pages: 3

  • Premium Essay

    Economy Problems

    Homework Assignment#1 Qiaoyu liu Patrick D. Carus Economics for Managers Sep 20, 2012 Chapter 1 Technical Problems 1. a. It is explicit cost of $6000 every year. The company spends $6000 per year to run its network. b. It is implicit cost of $5000 every year. The owner didn’t invest the money by himself and earn $5000 (10% * $50000) after one year. He let the bank to use his money. c. It is implicit cost of $3 million every year. The owner can sell the building

    Words: 1681 - Pages: 7

  • Free Essay

    Workers Economy (Athabasca)

    These resources can be objects and services that are capable of satisfying human needs and wants in both direct and indirect ways. This can be by helping to produce other objects and services whose use satisfies human wants. The administration of resources does not always create economic problems. There are lots of these resources that are more than enough to satisfy all of human wants and needs completely depend of them. One such resource example is “Air”. Such type of resources are known as free resources

    Words: 7798 - Pages: 32

  • Premium Essay

    G 20 Major Economies of World

    G-20‬‬‬‬‬‬ Major economies‬ Project by: Sahib Deol Sec. A Sem. 3 DECLARATION I, Sahib Deol, student of BBA 3nd Semester of SCMS (UG) NOIDA, hereby declare that the Project on “ G-20 Major Economies” is for the partial fulfillment of course objectives for the BBA Degree. I assure that this project is the result of my own efforts and all the information and facts furnished in this Project are based on our intensive study. Date: 15/10/2012 Name:Sahib

    Words: 2713 - Pages: 11

  • Premium Essay

    The Role of the Stock Market for the Transmission of Monetary Policy on the Real Economy

    to an end according to the Keynesian Theory? Economic downturn (upswing reversal) in Keynes’s model begins with a change in consumers and investors’ expectations. Downswing begins with a decrease in business and speculator confidence that reduces stock and other securities prices and also lowers investment demand. This creates a multiplier effect, where lower investment spending reduces aggregate income, which in turn forces households to reduce their spending and accumulate savings, which further

    Words: 733 - Pages: 3

  • Premium Essay

    Banking & the Economy

    and the Economy Ja’Net McQueen Slater Strayer University Birmingham, AL Instructor: Dr. Lisa Kincaid Research and Communication- RES 531 April 18th, 2010 Context of the Problem Today the economy is at its worst than it’s ever been before since the 1940s. Unemployment is at a record high as well as companies that are continuing to close down due to financial issues. The housing markets, auto industry, banking industry, & loss of jobs are all major things

    Words: 5138 - Pages: 21

  • Premium Essay

    Economic Reforms and Their Impacts on Indian Economy

    economic transitions. India launched its market-oriented economic reforms in 1991. China launched similar reforms from 1978 and is now well ahead of India in integrating its national economy with the global economy. However, India is slowly but surely catching up in this race. The contrast in the experiences of these two countries with economic reforms under radically different political systems is remarkable. In India, post-1991 economic reforms have been evolutionary and incremental in nature

    Words: 21431 - Pages: 86

  • Premium Essay


    OMY E o o cP p r 3 1 Mac 2 0 c n mi a es 1 | rh 0 8 E o o c o en n ena e l gde r ae cn mig vra c i n na e uo ra r Ii B g a eg n E R P A C MMISO U OEN O S IN EMU@10 Research In May 2008, it will be ten years since the final decision to move to the third and final stage of Economic and Monetary Union (EMU), and the decision on which countries would be the first to introduce the euro. To mark this anniversary, the Commission is undertaking a strategic review of EMU. This paper constitutes

    Words: 17662 - Pages: 71

  • Premium Essay

    International Economies Theory

    of Women, Men and Work Boardman/Greenberg/Vining/ Weimer Cost-Benefit Analysis Boyer Principles of Transportation Economics Branson Macroeconomic Theory and Policy Brock/Adams The Structure of American Industry Bruce Public Finance and the American Economy Carlton/Perloff Modern Industrial Organization Case/Fair/Oster Principles of Economics* Caves/Frankel/Jones World Trade and Payments: An Introduction Chapman Environmental Economics: Theory, Application, and Policy Cooter/Ulen Law & Economics Downs

    Words: 378443 - Pages: 1514

  • Free Essay

    Bangladesh Economy

    capital markets in facilitating superior economic performance, (2) how the capital markets foster job creation, and (3) the necessary preconditions for the development of well-functioning capital markets. Our analysis focuses on two particular sets of comparisons. First, within the United States, how has macroeconomic performance improved over time as the capital markets have become more dominant? Second, across countries, can one explain the superior macroeconomic performance evident in recent years

    Words: 13084 - Pages: 53

  • Free Essay

    Black Economy

    INTRODUCTION The Estimates committee (1980-81) in 7th Lok Sabha, Ministry of Finance had recommended that government should attempt an estimate of black economy to formulate appropriate policies. The study of unaccounted income thereafter was entrusted to the National Institute Of Public Finance And Policy in July 1982 to: identify sectors generating black money, causes of such, studying the methods employed to generate black money and channels through which concealed income is invested and spent

    Words: 4684 - Pages: 19

  • Free Essay


    ........................15 2.3. Resource & Reserve .....................................................................................17 3. Valuation of Explorations properties ...................................................................20 3.1. Appraised Value Method (Cost Approach) ...................................................23 3.2. Comparable Transactions (Market Approach) ..............................................24 4. Cycle importance in valuation of metals and mining

    Words: 26676 - Pages: 107

  • Premium Essay


    conditions probably significantly poorer than those of cavemen. The quality of life also failed to improve on any other observable dimension. Life expectancy was no higher in 1800 than for hunter-gatherers: thirty to thirty-five years. Stature, a measure both of the quality of diet and of children’s exposure to disease, was higher in the Stone Age than in 1800. And while foragers Figure 1.1 World Economic History in One Picture. After 1800 income in some societies rose sharply, while in others it declined

    Words: 5709 - Pages: 23

  • Free Essay


    payments. It also contains details of farm location, enterprise revenue and variable costs (and gross margins), farm type. It is up to you to decide what data you need to test your research hypothesis. For example, you might wish to examine the economies/diseconomies of scale theory, or you may wish to show how farm business income varies with region and within region by farm type (or size). You may wish to determine which farm types earn what % of total revenue from agri-environment payments or

    Words: 6430 - Pages: 26

  • Premium Essay

    Determinants Macroeconomics Variables and Stock Return

    TRAD IN G & S ERVICE S E CTOR IN MALAYS IA P a u lin e Ch ee Ba ch elor of F in a n ce (H on ou r s) 2010 CHAPTER ONE INTRODUCTION 1.1 Introduction Stock market is a place for listed companies to raise capital .Companies can use the capital for continuing operating activities and expand business. However, the investors are explained to get a positive return from dividend and capital gain in the stock market. Based on the history, the economic condition will influence stock market

    Words: 12578 - Pages: 51

  • Premium Essay

    Poland Economy

    | POLAND Economy | Macro-Economic Report | Economics and Decision ModellingProfessor Dr. Steven GoldBy | AISHWARYA INUKULA | 11/26/2013 | Contents History 1 Economy: 1 Currency 2 Banking: 3 Currency Moment vs. USD: 3 1) GDP GROWTH: 4 2) INFLATION: 6 3) FOREIGN DIRECT INVESTMENT 7 4) UNEMPLOYMENT 7 5) INTREST RATE 8 6) FOREIGN TRADE 9 7) INDUSTRIAL PRODUCTION 10 8) ECONOMIC FREEDOM INDEX 11 9) POLITICAL STABILITY: 11 10) Stock Market Performance 12 Major Trade Partners 12

    Words: 3151 - Pages: 13

  • Premium Essay

    Japan Economy

    NBER WORKING PAPER SERIES TWO DECADES OF JAPANESE MONETARY POLICY AND THE DEFLATION PROBLEM Takatoshi Ito Frederic S. Mishkin Working Paper 10878 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 October 2004 This paper is written for the NBER 15th East Asian Seminar on Economics, June 25-27, 2004. The authors are grateful to Takeshi Kudo and Emilia Simeonova for their excellent research assistance. We also thank our discussants

    Words: 31497 - Pages: 126

  • Premium Essay


    Qualifications Authority Assessment Exemplars for Higher National Units DE3A 34: Economic Issues: An Introduction 1 Introduction This pack must be used in conjunction with a copy of the Unit specification which details the standard of performance expected of the candidate. A copy of the Unit specification can be obtained from SQA. This pack supplements the assessment guidelines and support notes of the Unit specification. It aims to provide an example of assessment that is valid, reliable and practicable

    Words: 4303 - Pages: 18

  • Free Essay

    World Economy

    FT SPECIAL REPORT World Economy Friday October 12 2012 | Hopes turn to fear and uncertainty Answers to the big issues facing the global economy depend mainly on events in the US and eurozone, writes Chris Giles Meeting of minds: logo for the IMF­World bank events beginning in Tokyo today Bloomberg Inside » Growth glitches FT specialists report from the eurozone, China, the US and the UK Pages 2, 3 If Obama wins . . . or Romney Some differences

    Words: 15731 - Pages: 63

  • Premium Essay

    Oil Price Fluctuation and the Economy

    Research Proposal Impact of Oil Price Fluctuation on the Macro Economy Von Lamey Eastern New Mexico University December 3, 2013 Table of Contents Introduction……………………………………………………………………3 Review of Literature…………………………………………………………..5 Theory…………………………………………………………………………15 Application…………………………………………………………………….18 Summary & Conclusion……………………………………………………….20 Tables…………………………………………………………………………..22 Bibliography……………………………………………………………………24 1. Introduction Oil

    Words: 7099 - Pages: 29

  • Premium Essay

    Investor Sentiment and Stock Returns

    11 Critical Synthesis 13 Selection of studies 13 Critical evaluation of studies 13 Results and Discussion 14 An attempt at best practice 19 Introduction 19 Methods 19 Research strategy 19 Independent variable 19 Dependent variable 20 Results 21 Control variables 22 Worst case analysis 24 Discussion 24 Appendices 26 Appendix A 26 Appendix B 30 References 31 Sources for data of our control variables 31 Websites 31 Lectures and sheets 31 Scientific articles

    Words: 9097 - Pages: 37

  • Premium Essay

    Economics - the World Economy

    Economics 2: The World Economy Unit Student Guide Scottish Qualifications Authority Contents 1 2 Introduction to the Scottish Qualifications Authority Introduction to the Unit 2.1 2.2 2.3 2.4 2.5 2.6 3 What is the Purpose of this Unit? What are the Outcomes of this Unit? What do I Need to be Able to do in Order to Achieve this Unit? Approximate Study Time for This Unit Equipment/Material Required for this Unit Symbols Used in this Unit 1 2 2 2 2 3 3 4 5 5 6 7 7 11 18 24 31 37 41 51 60 68 75

    Words: 28608 - Pages: 115

  • Premium Essay

    Volatility of the Stock Market

    Introduction For any economy stock market is the heart, the entire economy depends on this market. Normally what do we understand by market? Market is a place where some people buy and some people sell their goods, same thing happen in stock market. In any country or economy there is few people who have innovative idea and passion to take risk but no money, on the other hand there is few people who have money but don’t have the passion to do something. Stock market is the place where this two type people

    Words: 4004 - Pages: 17

  • Free Essay

    Transition Economy

    Transition The First Ten Years Analysis and Lessons for Eastern Europe and the Former Soviet Union Transition The First Ten Years Analysis and Lessons for Eastern Europe and the Former Soviet Union THE WORLD BANK Washington, D.C. © 2002 The International Bank for Reconstruction and Development/The World Bank 1818 H Street, NW Washington, DC 20433 All rights reserved. 1 2 3 4 5 05 04 03 02 The findings, interpretations, and conclusions expressed here are those of the author(s) and do

    Words: 72270 - Pages: 290

  • Free Essay

    A Study on S&P 500 Index Stock Return and Volatility Using Arima and Garch Modeling

    A Study on S&P 500 Index Stock Return and Volatility using ARIMA and GARCH Modeling Kaiyuan Song, Di Wu Summary In this project we first checked consistency and seasonality of S&P500 index stock performance by splitting its recent twenty years historical data into ten two year data and built ARIMA and GARCH models for each sub-period. We found that the models are considerably consistent before 2007-2008 sub-period, and there exists some minor seasonality in several subperiods, but no particular

    Words: 1146 - Pages: 5

  • Premium Essay

    Business & Economy Related Topics

    Determinants Of Audit Fees: Empirical Evidence From Emerging Economy Kamal Naser* Hamed Abdullhameed** & Rana Nuseibeh*** Abstract This study investigates the structure of audit fees in an emerging economy, Jordan. Data were collected from a sample of companies listed on the Amman Stock Exchange that forms 90% of the total population and fairly presents all industrial sectors within the economy. Consistent with previous research, the results of the analysis revealed that corporate size, status

    Words: 8901 - Pages: 36

  • Premium Essay


    still an economy with a large agricultural sector; however, services have come to dominate the economy. Much of the industrial sector is based on processing and assembly operations in the manufacturing of electronics and other high-tech components, usually from foreign multinational corporations. Filipinos who go aboard to work–-known as Overseas Filipino Workers or OFWs—are a significant contributor to the economy but are not reflected in the below sectoral discussion of the domestic economy. OFW remittances

    Words: 2294 - Pages: 10

  • Premium Essay

    Economy Help Exam

    answer. Management decision problems are comprised of three elements. Which of the following is not one of them? The correct answer was: a. Profitability. 4. Incorrect. You did not provide an answer. Which of the following areas of economic theory is the single most important element of managerial economics? The correct answer was: d. Microeconomics. 5. Incorrect. You did not provide an answer. Which of the following is defined as the study of the aggregate economy studied as a whole? The correct

    Words: 35982 - Pages: 144

  • Free Essay

    Momentum on Johannesburg Stock Exchange

    Investigating Momentum on the Johannesburg Stock Exchange December 1 2010 Hendrik Snyman 14422425 A dissertation submitted in partial fulfilment of the requirements for the degree of Master of Science in Engineering (Management) Department of Industrial Engineering University of Stellenbosch An oil prospector had died and gone to heaven. At the gate, he is met by St Peter.‘Well, I checked you out and you meet all of the qualifications. But there’s one problem,’ He said. ‘We have some tough zoning

    Words: 14511 - Pages: 59

  • Premium Essay

    Invisible Economy

    The Intangible Economy: an Overview. Understanding Economic Change Generally speaking and according to our perception at present, we could say that production and products pertain to the material universe: production, which is based on natural resources and energy, is fundamentally tangible. We got so used to this idea that we do not attempt to analyze it any more. Our economic and legal constructions are based on production, ownership and exchange of tangible goods. Economy, as it appeared

    Words: 7944 - Pages: 32

  • Premium Essay

    On the Relationship Between Stock Return

    On the Relationship between stock return and exchange rate: evidence on China Yaqiong Li a b , Lihong Huang b a b The Business School, Loughborough University ,UK College of Mathematics and Econometrics, Hunan University, Changsha ,Hunan ,China Abstract The purpose of this paper is to investigate the relationship between RMB exchange rate and A-share stock returns in China, in particular in Shanghai stock market. We find that both stock returns and RMB nominal exchange rate are integrated

    Words: 4070 - Pages: 17

  • Premium Essay

    Drc Stock

    2 Hoa Phat group (HPG) 19 V. Calculation 24 V.1. Rates of return measurement 24 V.2. Risk measurement 24 VI. Efficient frontier 25 VII. Application 27 VIII. Conclusion 32 Group members 33 I. Introduction Since Vietnam carried out economic innovation in 1986, after 26 years, Vietnam economy had a lot of significant changes. Our country had overcome the poor period and start to join the global development in all aspects. Along with economic development, there are more and more

    Words: 9911 - Pages: 40

  • Premium Essay

    The Role of Finance in the Economy: Implications for Structural Reform of the Financial Sector

    Martin Neil Baily Douglas J. Elliott The Brookings Institution July 11, 2013 The Role of Finance in the Economy: Implications for Structural Reform of the Financial Sector Executive Summary The U.S. financial system is critical to the functioning of the economy as a whole and banks are central to the financial system. In addition to providing substantial employment, finance serves three main purposes: Credit provision. Credit fuels economic activity by allowing businesses to invest beyond

    Words: 15756 - Pages: 64

  • Premium Essay


    Japanese Economy Introduction 1. Assessment of the Current Economy The Japanese economy has begun to show some signs of change as the effects of recent large-scale economic packages have gradually helped to stop the severe economic downturn. But despite this progress, private demand as a whole remains stagnant. Therefore, the economic prospects for self-supported recovery are still uncertain once the economic effects of the last packages have phased out. The fundamental problems pertinent

    Words: 2068 - Pages: 9

  • Premium Essay

    The Expected Return and Volatility

    10-20. Consider the following two, completely separate, economies. The expected return and volatility of all stocks in both economies is the same. In the first economy, all stocks move together—in good times all prices rise together and in bad times they all fall together. In the second economy, stock returns are independent—one stock increasing in price has no effect on the prices of other stocks. Assuming you are risk-averse and you could choose one of the two economies in which to invest, which

    Words: 1099 - Pages: 5

  • Free Essay

    Chpt 10 Problem 20

    The Facts Consider the following two, completely, separate, economies. The expected return and volatility of all stocks in both economies is the same. In the first economy, all stocks move together- in good times all prices rise together and in bad times, they fall together. In the second economy, stock returns are independent-one stock increasing in price has no effect on the prices of other stocks. Assuming you are risk-averse and could chose one of the two economies in which to invest

    Words: 633 - Pages: 3

  • Premium Essay

    Economies of Scale and Scope

    3/17/09 15:15 r r r r r r r r r r r r r r r r r r r r r r r r r rr ECONOMIES AND SCOPE OF SCALE 2 r r r r r r r r r r r r r r r r r r r r r r r r r rr F ew concepts in microeconomics, if any, are more fundamental to business strategy than economies of scale and the closely related economies of scope. Economies of scale allow some firms to achieve a cost advantage over their rivals. Economies of scale are a key determinant of market structure and entry. Even the internal

    Words: 16512 - Pages: 67

  • Premium Essay


    funds that may use a number of different strategies in order to earn active return, or alpha, for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark). Because hedge funds may have low correlations with a traditional portfolio of stocks and bonds, allocating an exposure to hedge funds can be a good diversifier

    Words: 1579 - Pages: 7

  • Premium Essay

    Diversification in Stock Portfolil

    Diversification in Stock Portfolio Diversification in Stock Portfolio By Tara Hervey To Dr. FIN 534 August 2011 Strayer University Online Consider the following two completely separate economies. The expected return and volatility of all stocks in both economies is the same. In the first economy, all stocks move together—in good times all prices rise together and in bad times they all fall together. In the second economy, stock returns are independent—one stock increasing in

    Words: 528 - Pages: 3

  • Premium Essay


    donor agencies. They present their ability to get money from these donor agencies as a sign of their brinkmanship and claim that this is the only way to solve the nation’s economic problems. In this paper, Hizb ut-Tahrir, Bangladesh exposes the oppressive capitalist nature of the budget and shows how the entire economy of Bangladesh, through a complex package of measures, is being brought under the total grip of the imperialists. ! " # $ % & ' Every year when the budget is presented, one

    Words: 9488 - Pages: 38

  • Premium Essay

    Economy Theory

    Following a century of neglect, William Stanley Jevons, in the first blush of discovery, proclaimed Cantillon’s Essai, “the cradle of political economy.” Subsequent growth and development of economic thought has not really alerted us to the subtleties of this succinct appraisal. A cradle holds new life; and there can be little doubt that the Essai added new life to the organizing principles of economics. But “political economy” does not accurately describe the subject Cantillon addressed. Indeed

    Words: 66839 - Pages: 268

  • Premium Essay

    The Impact of Derivatives on Stock Market Volatility: a Study of the Nifty Index

    DERIVATIVES ON STOCK MARKET VOLATILITY: A STUDY OF THE NIFTY INDEX T. Mallikarjunappa1* and Afsal E. M.2 1 Department of Business Administration, Mangalore University, Mangalagangotri – 574199, Mangalore, DK, Karnataka, India 2 School of Management and Business Studies, Mahatma Gandhi University, P.D. Hills, Kottayam – 686560, Kerala State, India *Corresponding author: ABSTRACT This paper studies the volatility implications of the introduction of derivatives on stock market

    Words: 9589 - Pages: 39

  • Premium Essay

    Chinese Economy

    recent developments and future prospects by addressing four key questions. Is political authoritarianism sustainable? Can China’s development be peaceful? What are the main domestic economic challenges facing China? What is China’s impact on the world economy? Part IV summarises key aspects of UK and EU relations with China. The Paper ends with a select bibliography of key sources. The Research Paper is intended to act as a platform for a series of Library Standard Notes that will address in more depth

    Words: 40320 - Pages: 162

  • Premium Essay

    The Economy of Uk

    seventh-largest economy in the world, has the second-largest economy in the European Union, and is a major international trading power. A highly developed, diversified, market-based economy with extensive social welfare services provides most residents with a high standard of living. The UK joined the European Economic Community (now known as the EU) in January 1973 and it is a founder member of the World Trade Organization. The United Kingdom is one of the world’s leading advanced economies. And it is

    Words: 2897 - Pages: 12

  • Free Essay

    Fashion and the Economy

    I. United States of America economic history In order to successfully move forward, we need to look to the past. The country’s economic history is like all history, meaning that it examines and observes the past activities of mankind (Fite 4). The most significant periods in the United States economic history are actually the three centuries before England settled in America. There were four changes happening in Western Europe that have greatly influenced America. Those changes were economic, political

    Words: 9534 - Pages: 39

  • Premium Essay

    International Political Economy

    North America: Kluwer Academic Publishers 101 Philip Drive Assinippi Park Norwell, Massachusetts 02061 USA Distributors for the UK and Ireland: Kluwer Academic Publishers Falcon House, Queen Square Lancaster LA1 1RN, UNITED KINGDOM Distributors for all other countries: Kluwer Academic Publishers Group Distribution Centre Post Office Box 322 3300 AH Dordrecht, THE NETHERLANDS Library of Congress Cataloging-in-Publication Data Hoppe, Hans-Hermann. A theory of socialism and capitalism : economics, politics

    Words: 92669 - Pages: 371

  • Premium Essay

    Economy of India

    Economy of India From Wikipedia, the free encyclopedia Jump to: navigation, search Economy of The Republic of India | Mumbai, financial center of India | Rank | 10th (nominal) / 3rd (PPP) | Currency | 1 Indian Rupee (INR) () = 100 Paise | Fiscal year | 1 April – 31 March | Trade organizations | WTO, SAFTA, G-20 and others | Statistics | GDP | $1.843 trillion (nominal: 10th; 2011)[1]$4.469 trillion (PPP: 3rd; 2011)[1] | GDP growth | 6.9% (2011-12)[2] | GDP per capita | $1

    Words: 9405 - Pages: 38

  • Premium Essay

    Stock Portfolios

    Diversification in Stock Portfolios Problem Introduction ,There are several areas can be considered when understanding the risk of an investment. In this exercise, as a risk-averse investor, each of the expected rate of return and volatility of the stock for both of the economies is the same. However, for economy number one, all the stocks move together. For economy number two, the stock returns are independent of each other. Which is the best investment

    Words: 570 - Pages: 3