Subject: a function of risk and risk alone gen. Доброй ночи, помогите, пожалуйста с переводом фразы expected returns are a function of risk and risk alone.
Standard finance, also known as modern portfolio theory, has four foundation blocks: (1) investors are rational; (2) markets are efficient; (3) investors should design their portfolios according to the rules of mean-variance portfolio theory and, in reality, do so; and (4) expected returns are a function of risk and risk alone. Ожидаемый доход...?
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