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His main concern is that
physicians, although very sophisticated in clinical matters, have a very
limited understanding of basic financial risk concepts and will not appreciate
the financial issues involved in integrated delivery systems without
first gaining an understanding of basic financial risk concepts...
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Thus,
he plans to devote the entire first session to basic concepts.
As preparation for the seminar, Chris developed the return distributions
for the five investments shown in Table 12.1. To create the table he
first hypothesized that there could be five possible economic states for
the coming year, ranging from poor to excellent...
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