Question
As with any economic model, failure of the CAPMs conclusions to fit the data implies failure of the models assumptions to match reality. Which of
As with any economic model, failure of the CAPMs conclusions to fit the data implies failure of the models assumptions to match reality. Which of the CAPMs assumptions seem to deviate the most from your intuition about how investors behave and how markets actually function? How might this cause asset returns to differ from those predicted by the theory?
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
