SlideShare une entreprise Scribd logo
1  sur  7
Lecture 10 Return and Risk
Rates of Return ,[object Object],[object Object],[object Object],[object Object]
Rates of Return ,[object Object],[object Object],[object Object],[object Object],[object Object]
Arithmetic Average ,[object Object],[object Object],Period 1 10% Period 2 25% Period 3 -20% Sum 15%
Geometric Average ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Problem with Arithmetic average ,[object Object],[object Object],[object Object],[object Object],Year Begin value Ending value HPR 2007 50 100 100% 2008 100 50 -50%
Geometric Vs Arithmetic ,[object Object],[object Object]

Contenu connexe

Tendances

Risk In Capital Budgeting
Risk In Capital BudgetingRisk In Capital Budgeting
Risk In Capital BudgetingNoman
 
Corporate Finance Case Study : Bullock Gold Mining
Corporate Finance Case Study : Bullock Gold MiningCorporate Finance Case Study : Bullock Gold Mining
Corporate Finance Case Study : Bullock Gold MiningUun Ainurrofiq (Fiq)
 
CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES 9836793076
CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES   9836793076 CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES   9836793076
CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES 9836793076 SOURAV DAS
 
copfineverything
copfineverythingcopfineverything
copfineverythingfinance14
 
#CFA: Revise entire CFA syllabus 6 days- Quants
#CFA: Revise entire CFA syllabus 6 days- Quants#CFA: Revise entire CFA syllabus 6 days- Quants
#CFA: Revise entire CFA syllabus 6 days- Quants13 Llama Interactive
 
Capital structure winston joseph
Capital structure winston josephCapital structure winston joseph
Capital structure winston josephHari krishna
 
Bba502 – financial management
Bba502 – financial managementBba502 – financial management
Bba502 – financial managementsmumbahelp
 
BlueBookAcademy.com - Risk, Return & Diversification Techniques
BlueBookAcademy.com - Risk, Return & Diversification TechniquesBlueBookAcademy.com - Risk, Return & Diversification Techniques
BlueBookAcademy.com - Risk, Return & Diversification Techniquesbluebookacademy
 

Tendances (20)

Rates part 2
Rates part 2Rates part 2
Rates part 2
 
Risk In Capital Budgeting
Risk In Capital BudgetingRisk In Capital Budgeting
Risk In Capital Budgeting
 
Terminology
TerminologyTerminology
Terminology
 
Cost of Capital-Birla
Cost of Capital-BirlaCost of Capital-Birla
Cost of Capital-Birla
 
Risk return & lec5
Risk return &  lec5 Risk return &  lec5
Risk return & lec5
 
Corporate Finance Case Study : Bullock Gold Mining
Corporate Finance Case Study : Bullock Gold MiningCorporate Finance Case Study : Bullock Gold Mining
Corporate Finance Case Study : Bullock Gold Mining
 
Macro 12
Macro 12Macro 12
Macro 12
 
Bonds part 1
Bonds part 1Bonds part 1
Bonds part 1
 
Terminology
TerminologyTerminology
Terminology
 
CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES 9836793076
CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES   9836793076 CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES   9836793076
CT 1 NOTES FOR ACTUARIAL SCIENCE BY SOURAV SIR'S CLASSES 9836793076
 
copfineverything
copfineverythingcopfineverything
copfineverything
 
Discounted cash flow valuation
Discounted cash flow valuationDiscounted cash flow valuation
Discounted cash flow valuation
 
Time value ch6
Time value ch6   Time value ch6
Time value ch6
 
Chap010
Chap010Chap010
Chap010
 
#CFA: Revise entire CFA syllabus 6 days- Quants
#CFA: Revise entire CFA syllabus 6 days- Quants#CFA: Revise entire CFA syllabus 6 days- Quants
#CFA: Revise entire CFA syllabus 6 days- Quants
 
Time value of money
Time value of money Time value of money
Time value of money
 
Capital structure winston joseph
Capital structure winston josephCapital structure winston joseph
Capital structure winston joseph
 
Bba502 – financial management
Bba502 – financial managementBba502 – financial management
Bba502 – financial management
 
Presentation 3
Presentation 3Presentation 3
Presentation 3
 
BlueBookAcademy.com - Risk, Return & Diversification Techniques
BlueBookAcademy.com - Risk, Return & Diversification TechniquesBlueBookAcademy.com - Risk, Return & Diversification Techniques
BlueBookAcademy.com - Risk, Return & Diversification Techniques
 

En vedette

Chapter7 an introduction to risk and return
Chapter7 an introduction to risk and returnChapter7 an introduction to risk and return
Chapter7 an introduction to risk and returnRodel Falculan
 
Risk and return analysis
Risk and return analysisRisk and return analysis
Risk and return analysisBabasab Patil
 
Business Finance Chapter 10
Business Finance Chapter 10Business Finance Chapter 10
Business Finance Chapter 10Tinku Kumar
 
Risk, return, and portfolio theory
Risk, return, and portfolio theoryRisk, return, and portfolio theory
Risk, return, and portfolio theoryLatha Chilukamarri C
 
Risk and return, corporate finance, chapter 11
Risk and return, corporate finance, chapter 11Risk and return, corporate finance, chapter 11
Risk and return, corporate finance, chapter 11Tumennast Sukhbaatar
 

En vedette (7)

Chapter7 an introduction to risk and return
Chapter7 an introduction to risk and returnChapter7 an introduction to risk and return
Chapter7 an introduction to risk and return
 
Risk and return analysis
Risk and return analysisRisk and return analysis
Risk and return analysis
 
Business Finance Chapter 10
Business Finance Chapter 10Business Finance Chapter 10
Business Finance Chapter 10
 
Risk, return, and portfolio theory
Risk, return, and portfolio theoryRisk, return, and portfolio theory
Risk, return, and portfolio theory
 
6. risk return
6. risk return6. risk return
6. risk return
 
Risk and return, corporate finance, chapter 11
Risk and return, corporate finance, chapter 11Risk and return, corporate finance, chapter 11
Risk and return, corporate finance, chapter 11
 
Risk & return analysis
Risk & return analysisRisk & return analysis
Risk & return analysis
 

Similaire à Risk and Return

Risk and Return
Risk and ReturnRisk and Return
Risk and ReturnASAD ALI
 
GSM5400 Financial Management MBA Quick Notes
GSM5400 Financial Management MBA Quick NotesGSM5400 Financial Management MBA Quick Notes
GSM5400 Financial Management MBA Quick NotesAminudin Saari
 
dokumen.tips_1-finc4101-investment-analysis-instructor-dr-leng-ling-topic-por...
dokumen.tips_1-finc4101-investment-analysis-instructor-dr-leng-ling-topic-por...dokumen.tips_1-finc4101-investment-analysis-instructor-dr-leng-ling-topic-por...
dokumen.tips_1-finc4101-investment-analysis-instructor-dr-leng-ling-topic-por...MbongeniShongwe1
 
Portfolio Risk & Return Part 1.pptx
Portfolio Risk & Return Part 1.pptxPortfolio Risk & Return Part 1.pptx
Portfolio Risk & Return Part 1.pptxRahul das
 
Math 034 First Letter of Last Name Homework #8 .docx
Math 034       First Letter of Last Name Homework #8      .docxMath 034       First Letter of Last Name Homework #8      .docx
Math 034 First Letter of Last Name Homework #8 .docxandreecapon
 
Basics of stock valuation
Basics of stock valuationBasics of stock valuation
Basics of stock valuationBabasab Patil
 
Basics of stock valuation
Basics of stock valuationBasics of stock valuation
Basics of stock valuationBabasab Patil
 
finalrisknreturn-121006112822-phpapp02 (1).pdf
finalrisknreturn-121006112822-phpapp02 (1).pdffinalrisknreturn-121006112822-phpapp02 (1).pdf
finalrisknreturn-121006112822-phpapp02 (1).pdfMdInzamamul1
 
risk and return concept.pptx
risk and return concept.pptxrisk and return concept.pptx
risk and return concept.pptxMatrika Thapa
 
MANAJEMEN KEUANGAN tugas mahasiswa akuntansi FAKULTAS EKONOMI DAN BISNIS
MANAJEMEN KEUANGAN tugas mahasiswa akuntansi FAKULTAS EKONOMI DAN BISNIS MANAJEMEN KEUANGAN tugas mahasiswa akuntansi FAKULTAS EKONOMI DAN BISNIS
MANAJEMEN KEUANGAN tugas mahasiswa akuntansi FAKULTAS EKONOMI DAN BISNIS fanjistie
 
fm_formula__ipcc-2.pdf
fm_formula__ipcc-2.pdffm_formula__ipcc-2.pdf
fm_formula__ipcc-2.pdfhitishaagrawal
 
Chapter13EquityValuation.ppt
Chapter13EquityValuation.pptChapter13EquityValuation.ppt
Chapter13EquityValuation.pptrekhabawa2
 

Similaire à Risk and Return (20)

Risk and Return
Risk and ReturnRisk and Return
Risk and Return
 
417Chapter 02
417Chapter 02417Chapter 02
417Chapter 02
 
GSM5400 Financial Management MBA Quick Notes
GSM5400 Financial Management MBA Quick NotesGSM5400 Financial Management MBA Quick Notes
GSM5400 Financial Management MBA Quick Notes
 
Investment Settings
Investment SettingsInvestment Settings
Investment Settings
 
dokumen.tips_1-finc4101-investment-analysis-instructor-dr-leng-ling-topic-por...
dokumen.tips_1-finc4101-investment-analysis-instructor-dr-leng-ling-topic-por...dokumen.tips_1-finc4101-investment-analysis-instructor-dr-leng-ling-topic-por...
dokumen.tips_1-finc4101-investment-analysis-instructor-dr-leng-ling-topic-por...
 
7033457.ppt
7033457.ppt7033457.ppt
7033457.ppt
 
Risk and return
Risk and returnRisk and return
Risk and return
 
Risk and return
Risk and return Risk and return
Risk and return
 
Risk & Return
Risk & ReturnRisk & Return
Risk & Return
 
Portfolio Risk & Return Part 1.pptx
Portfolio Risk & Return Part 1.pptxPortfolio Risk & Return Part 1.pptx
Portfolio Risk & Return Part 1.pptx
 
Math 034 First Letter of Last Name Homework #8 .docx
Math 034       First Letter of Last Name Homework #8      .docxMath 034       First Letter of Last Name Homework #8      .docx
Math 034 First Letter of Last Name Homework #8 .docx
 
Basics of stock valuation
Basics of stock valuationBasics of stock valuation
Basics of stock valuation
 
Basics of stock valuation
Basics of stock valuationBasics of stock valuation
Basics of stock valuation
 
finalrisknreturn-121006112822-phpapp02 (1).pdf
finalrisknreturn-121006112822-phpapp02 (1).pdffinalrisknreturn-121006112822-phpapp02 (1).pdf
finalrisknreturn-121006112822-phpapp02 (1).pdf
 
Ch01
Ch01Ch01
Ch01
 
risk and return concept.pptx
risk and return concept.pptxrisk and return concept.pptx
risk and return concept.pptx
 
MANAJEMEN KEUANGAN tugas mahasiswa akuntansi FAKULTAS EKONOMI DAN BISNIS
MANAJEMEN KEUANGAN tugas mahasiswa akuntansi FAKULTAS EKONOMI DAN BISNIS MANAJEMEN KEUANGAN tugas mahasiswa akuntansi FAKULTAS EKONOMI DAN BISNIS
MANAJEMEN KEUANGAN tugas mahasiswa akuntansi FAKULTAS EKONOMI DAN BISNIS
 
ch 10; cost of capital
ch 10; cost of capitalch 10; cost of capital
ch 10; cost of capital
 
fm_formula__ipcc-2.pdf
fm_formula__ipcc-2.pdffm_formula__ipcc-2.pdf
fm_formula__ipcc-2.pdf
 
Chapter13EquityValuation.ppt
Chapter13EquityValuation.pptChapter13EquityValuation.ppt
Chapter13EquityValuation.ppt
 

Dernier

20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdfAdnet Communications
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyTyöeläkeyhtiö Elo
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证rjrjkk
 
chapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendschapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendslemlemtesfaye192
 
House of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHouse of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHenry Tapper
 
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Sonam Pathan
 
government_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfgovernment_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfshaunmashale756
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Roomdivyansh0kumar0
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawlmakika9823
 
Vp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppVp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppmiss dipika
 
Lundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfLundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfAdnet Communications
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Roomdivyansh0kumar0
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...shivangimorya083
 
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...Amil baba
 
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办fqiuho152
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...makika9823
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Sonam Pathan
 
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证jdkhjh
 
Tenets of Physiocracy History of Economic
Tenets of Physiocracy History of EconomicTenets of Physiocracy History of Economic
Tenets of Physiocracy History of Economiccinemoviesu
 

Dernier (20)

20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf20240417-Calibre-April-2024-Investor-Presentation.pdf
20240417-Calibre-April-2024-Investor-Presentation.pdf
 
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance CompanyInterimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
Interimreport1 January–31 March2024 Elo Mutual Pension Insurance Company
 
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
原版1:1复刻温哥华岛大学毕业证Vancouver毕业证留信学历认证
 
chapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trendschapter_2.ppt The labour market definitions and trends
chapter_2.ppt The labour market definitions and trends
 
House of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview documentHouse of Commons ; CDC schemes overview document
House of Commons ; CDC schemes overview document
 
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
Call Girls Near Golden Tulip Essential Hotel, New Delhi 9873777170
 
government_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdfgovernment_intervention_in_business_ownership[1].pdf
government_intervention_in_business_ownership[1].pdf
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
 
Vp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsAppVp Girls near me Delhi Call Now or WhatsApp
Vp Girls near me Delhi Call Now or WhatsApp
 
Lundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdfLundin Gold April 2024 Corporate Presentation v4.pdf
Lundin Gold April 2024 Corporate Presentation v4.pdf
 
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With RoomVIP Kolkata Call Girl Jodhpur Park 👉 8250192130  Available With Room
VIP Kolkata Call Girl Jodhpur Park 👉 8250192130 Available With Room
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
 
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
NO1 WorldWide Love marriage specialist baba ji Amil Baba Kala ilam powerful v...
 
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
(办理原版一样)QUT毕业证昆士兰科技大学毕业证学位证留信学历认证成绩单补办
 
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
Independent Lucknow Call Girls 8923113531WhatsApp Lucknow Call Girls make you...
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
 
Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713Call Girls Near Me WhatsApp:+91-9833363713
Call Girls Near Me WhatsApp:+91-9833363713
 
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
原版1:1复刻堪萨斯大学毕业证KU毕业证留信学历认证
 
Tenets of Physiocracy History of Economic
Tenets of Physiocracy History of EconomicTenets of Physiocracy History of Economic
Tenets of Physiocracy History of Economic
 

Risk and Return