Comprehend what the market portfolio is, what assumptions are needed for the market portfolio to be the
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Comprehend what the market portfolio is, what assumptions are needed for the market portfolio to be the tangency portfolio—that is, for the Capital Asset Pricing Model (CAPM) to hold—and the empirical evidence on the CAPM.
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Financial Markets And Corporate Strategy
ISBN: 9780077119027
1st Edition
Authors: David Hillier, Mark Grinblatt, Sheridan Titman
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