Merton (1973) developed the intertemporal CAPM (ICAPM). What is different about the ICAPM compared to the CAPM?
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Merton (1973) developed the intertemporal CAPM (ICAPM). What is different about the ICAPM compared to the CAPM? What new assumption does it make?
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The Intertemporal Capital Asset Pricing Model ICAPM developed by Merton in 1973 differs from the tra...View the full answer
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Related Book For
Investment Valuation And Asset Pricing Models And Methods
ISBN: 9783031167836
1st Edition
Authors: James W. Kolari, Seppo Pynnönen
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