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Textbook Notes for Finance at University of Pennsylvania (UPENN)


UPENNFNCE 239N I K O L A I R O U S S A N O VSpring

FNCE 239 Chapter Notes - Chapter 4: Arbitrage, Trading Strategy, Capital Asset Pricing Model

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Authors" beliefs lie somewhere between fama and shiller on emh; not as efficient as what fama believes but not as inefficient as what sinclair claims.
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UPENNFNCE 239N I K O L A I R O U S S A N O VSpring

FNCE 239 Chapter Notes - Chapter 1: Mellody Hobson, Dana Gioia, Jonathan Tisch

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O best: buying put warrants on the nikkei index (went down but recovered: lessons: if you can"t stick to your bet long enough to reap the profits, it"s
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UPENNFNCE 239N I K O L A I R O U S S A N O VSpring

FNCE 239 Chapter Notes - Chapter 3: Value Investing, Financial Adviser

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Everything happens because everyone is incorporating all the facts. Present discounted value = the value of any investment (i. e. corporate stock) = pu
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UPENNFNCE 239N I K O L A I R O U S S A N O VSpring

FNCE 239 Chapter Notes - Chapter 5: Gradient Analytics, Biovail, Diltiazem

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The broker locates the stock to loan from the brokerage"s own inventory, one of its customers, or another financial institution. If there are high oppo
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UPENNFNCE 239N I K O L A I R O U S S A N O VSpring

FNCE 239 Chapter Notes - Chapter 2: Efficient-Market Hypothesis, United States Treasury Security, Capital Asset Pricing Model

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It is somewhat possible to predict longer-term stock prices using the fama-french three-factor model instead of the capm model. Fama believes there is
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UPENNFNCE 239N I K O L A I R O U S S A N O VSpring

FNCE 239 Chapter Notes - Chapter 1: Lucid Dream, Cognitive Dissonance, Confirmation Bias

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