The purpose of this paper is to serve as a guide for students' use of actual data for risk and return calculations. The study of stock return risk has been of interest to investors and academics for several decades. Early discussion of the “mean-variance framework” described the rationale...

Key employee life insurance in the banking industry is called bank-owned life insurance (BOLI). Banks use BOLI to provide financial support to help reduce disruptions due to the death of a key executive and as a part of the executive compensation package. We investigate the characteristics of...