Question
According to the CAPM, what assets are included in the market portfolio, and what are the relative weightings? In empirical studies of the CAPM, what
According to the CAPM, what assets are included in the market portfolio, and what are the relative weightings? In empirical studies of the CAPM, what are the typical proxies used for the market portfolio? Assuming that the empirical proxy for the market portfolio is not a good proxy, what factors related to the CAPM will be affected?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
