Black (1972) proposed a zero-beta CAPM without and with a riskless rate. Write the equations for these
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Black (1972) proposed a zero-beta CAPM without and with a riskless rate.
Write the equations for these two models. Can investors borrow at the riskless rate in the second model?
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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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