Empty head and pure heart test

Definition:

Securities and Exchange Commission rule that allows only the bidder of a tender offer to trade in the stock while possessing inside information.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Portfolio opportunity set

The expected return/standard deviation pairs of all portfolios that can be constructed from a given set of assets.

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