9. (Gavin's problem) Prove to Gavin Jones that the results he obtained in Examples 7.5 and 7.7...

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9. (Gavin's problem) Prove to Gavin Jones that the results he obtained in Examples 7.5 and 7.7 were not accidents Specifically, for a fund with return ar; +(1), show that both CAPM pricing formulas give the price of $100 worth of fund assets as $100

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Investment Science

ISBN: 9780195391060

1st International Edition

Authors: David G. Luenberger

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