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Quotes of the day:
Truth may be stretched, but cannot be broken, and always gets above falsehood, as does oil above water.
An abnormal return describes the unusual profits generated by given securities or portfolios over a specified period. The performance is different from the expected, or anticipated, rate of return (RoR) for the investment. The anticipated rate of return is the estimated return based on an asset pricing model, using a long run historical average or multiple valuations.
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