Answer:
Happiness. Not momentary happiness, but true satisfaction at the end of your life.
Explanation:
Answer: John Quincy Adams was such a popular president that Andrew Jackson lost despite running a strong campaign.
Explanation: The 1828 United States presidential election was the 11th quadrennial presidential election. It was held from Friday, October 31 to Tuesday, December 2, 1828. It featured a re-match of the 1824 election, as President John Quincy Adams of the National Republican Party faced Andrew Jackson of the Democratic Party. Both parties were new organizations, and this was the first presidential election their nominees contested. Jackson's victory over Adams marked the start of Democratic dominance in federal politics. With the collapse of the Federalist Party, four members of the Democratic-Republican Party, including Jackson and Adams, had sought the presidency in the 1824 election. Jackson had won a plurality (but not majority) of both the electoral vote and popular vote in the 1824 election
Other things held constant, if the expected inflation rate DECREASES, and investors also become MORE risk averse, the Security Market Line would shift in<u> have a steeper slope </u>manner.
<h3>What is the Security Market Line (SML)?</h3>
The security market line (SML) is the Capital Asset Pricing Model (CAPM). It gives the market’s expected return at different levels of systematic or market risk. It is also called the ‘characteristic line’ where the x-axis represents the asset’s beta or risk, and the y-axis represents the expected return.
<u>Security Market Line Equation</u>
The Equation is as follows:
SML: E(Ri) = Rf + βi [E(RM) – Rf]
In the above security market line formula:
- E(Ri) is the expected return on the security.
- Rf is the risk-free rate and represents the y-intercept of the SML.
- βi is a non-diversifiable or systematic risk. It is the most crucial factor in SML. We will discuss this in detail in this article.
- E(RM) is expected to return on market portfolio M.
- E(RM) – Rf is known as Market Risk Premium.
<u>Characteristics of the Security Market Line (SML) are as below:</u>
- SML is a good representation of investment opportunity cost, which combines the risk-free asset and the market portfolio.
- Zero-beta security or zero-beta portfolio has an expected return on the portfolio, which is equal to the risk-free rate.
- The slope of the Security Market Line is determined by the market risk premium, which is: (E(RM) – Rf). Higher the market risk premium steeper the slope and vice-versa
- All the assets which are correctly priced are represented on SML.
- The assets above the SML are undervalued as they give a higher expected return for a given amount of risk.
- The assets below the SML are overvalued as they have lower expected returns for the same amount of risk.
Therefore, we can conclude that the correct option is A.
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Answer: Castles could serve as a centre for local government, administration and justice. They were also used by powerful lords to display their wealth and power through lavish architectural styles and decoration.
