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The CAPM can be derived from the following special cases of the CCAPM: (1) a two-period model with quadratic utility, (2) two-periods, exponential utility, and normally-distributed returns, (3) infinite-periods, quadratic utility, and stochastic independence across time, (4) infinite periods and log utility, and (5) a first-order approximation ...
The index was created in 1929 when all utility stocks were removed from the Dow Jones Industrial Average. On April 20, 1965, the index closed at 163.32. On September 13, 1974, the index closed at 57.93.
Merton's portfolio problem is a problem in continuous-time finance and in particular intertemporal portfolio choice.An investor must choose how much to consume and must allocate their wealth between stocks and a risk-free asset so as to maximize expected utility.
Utilities can always solve demand spikes by pumping in more gas to their power plants. And that means so-called midstream companies, which focus on the storage and transport of petroleum products ...
Natural or ecological capital is the world's stock of natural resources, which includes geology, soils, air, water and all living organisms. Some natural capital assets provide people with free goods and services, often called ecosystem services .
Absolute risk aversion is decreasing if ′ < (equivalently T '(W) > 0), which occurs if and only if is finite and less than 1; this is considered the empirically plausible case, since it implies that an investor will put more funds into risky assets the more funds are available to invest.
The utility sector tends to be sensitive to interest rates because utilities generally make heavy use of leverage. With Wall Street expecting rates to fall, utility stocks have started to rise.
Neha Chamaria (Duke Energy): Duke Energy's dividend yield of 3.6% isn't among the highest in the utility sector, but the stock has been one of the top performers in recent years, more so when ...