Projects that are negatively correlated:

Systematic risk can be diversified away. However, unique risk cannot be diversified away.

Leveraged buyout activity has been limited in Canada because:

Maxim is a farmer who grows crops on a series of fields on his farm. The fields are far away from the house where Maxim resides. Several of the fields have limited access because they are surrounded by fences, but other fields are unfenced. One day, the police drive along a dirt road and come along the fields. The police walk through the fields, both fenced and unfenced, and discover a large number of marijuana plants. The police do not have a warrant. The entries into, and inspection of, which of the fields constitute a “search” within the meaning of the 14th Amendment?

Renata is walking through a city park at dusk when a police officer on patrol comes across her. The police officer stops Renata. Can the police officer lawfully require Renata to identify herself and arrest Renata if she fails to comply with that order?

Bartholomew resides in a house with a large yard surrounded by a fence. The yard is immediately adjacent to the house. Parts of the yard are not visible from the street. The police suspect that Bartholomew is growing marijuana in the yard. In order to inspect the yard, the police use an aircraft to fly over the house and yard. The police do not have a warrant. Is the visual inspection by aircraft a “search” under the Fourth Amendment?

A call feature allows:

The police believe that Johnson is a drug dealer who has committed several narcotics violations. As part of its investigation, the police wish to track Johnson’s movements in order to confirm his location at the time that various drug transactions were completed. The police attach a GPS device to Johnson’s car without first obtaining a warrant and use the information gleaned from the GPS to secure an indictment against Johnson. Did the use of the GPS device constitute a “search” as that term is used in the Fourth Amendment?

The cost of capital is assumed to contain no risk for the firm.

Firm X needs to net $7,800,000 from the sale of common stock. Its investment dealer has informed the firm that the retail price will be $22 per share, and that the firm will receive $19 per share. Out-of-pocket costs are $100,000. How many shares must be sold?