Question
CAPM has been a major development in finance research. However, it is not perfect and doesnt provide a solid measure of expected required return on
CAPM has been a major development in finance research. However, it is not perfect and doesnt provide a solid measure of expected required return on a stock or a portfolio of your investments. How can you improve CAPM in understanding a better measurement for expected required rate of return
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
