今天花了3个小时 把Investment Portoflio- Optimal risky portfolio;minimum variance ; how to calculate Expected return of portfolio and how to find SD of portfolio. CAL CML 彻底明白了。 今日3小时 累计5小时 睡前把明天上课讲义复习一下
2.今天你阅读到的有价值的内容。
* It is difficult for large business organizations to exist as sole proprietorships or partnerships. The main advantage to a sole proprietorship or partnership is the cost of getting started. Afterward, the disadvantages, which may become severe, are (1) unlimited liability, (2) limited life of the enterprise, and (3) difficulty of transfer- ring ownership. These three disadvantages lead to (4) difficulty in raising cash.
There is, however, one great disadvantage to incorporation. The federal government taxes corporate income (the states do as well). This tax is in addition to the personal income tax that shareholders pay on dividend income they receive. This is double taxation for shareholders when compared to taxation on proprietorships and partnerships.