Answer:
The answer is below
Explanation:
Chief Justice John Marshall has an illustrious career that was filled with so many achievements. Some of his gigantic achievements include solidifying the Supreme Court as the absolute authority in interpreting the Constitution. This was made clear during Marbury vs Madison 1803 case.
Similarly, he also helped determine and establish the Supreme Court's jurisdiction to review state cases and any cases bothering on the constitution. This was in Cohens vs Virginia 1821.
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:
i would say b, all academic work
Explanation:
hope this helps, branliets plzz
Answer:
True
Explanation:
because the government hardly had any power over them and the states made their own money/currency too.
Answer:
Hey I am 100% correct
Explanation:
The Apache migrated from Canada around A.D.1200. They first settled on the western edge of the Great Plains where they became nomadic bison hunters. In the 18th century, the Comanche drove them away from the Plains and into the deserts of the Southwest. However, the Lipan Apache remained on the Plains of Texas while the Kiowa-Apache settled in what is now Kansas. Today, the rest live in Arizona, New Mexico and Oklahoma.
Apache families are matrilineal. When a man marries, he joins his wife's family. If the marriage fails, children stay within the wife's family. Tradition encourages marital harmony by forbidding interaction between mother-in-law and son-in-law. Until relatively recently, Apache tribes lacked a central government; each extended family conducted their affairs independently. This lack of central authority forced the Spanish, Mexican and American governments to deal with each extended family individually, making imposing authority over the Apache difficult.
Apache languages are part of the Athapascan language family spoken in Canada, the Pacific Coast, Alaska and the Southwest United States. It includes Navajo, Western Apache, Mescalero, Chiricahua, Jicarilla, Kiowa-Apache and Lipan. Like many Asian languages, the meaning of Apache words changes with different tones. Many English speakers find Apaches languages difficult.
