Why would an efficient market be an important assumption for the development of the CAPM?

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Question Posted: Sep 15, 2018 11:14 AM

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Why would an efficient market be an important assumption for the development of the CAPM?

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An efficient market assumes that all pertinent inform...View the full answer

Foundations of Financial Management

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