How would you explain the difference between an investment and insurance?
How would you briefly explain the difference between a gamble and an investment?
Do you agree or disagree with standard deviation as a measure of investment risk? Explain why or why not in a few sentences.
A brownstone house was bought central brooklyn for $250,000 at the start of 2005, and was sold for $900,000 at the start of 2015. What is the EAR on this investment? Enter your answer as a decimal. For example, 70% should be entered as .70.