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Consider the Capital Asset Pricing Model (CAPM) as formulated by W.F. Sharpe (1964), Capital asset prices: A theory of market equilib rium under conditions

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Consider the Capital Asset Pricing Model (CAPM) as formulated by W.F. Sharpe (1964), "Capital asset prices: A theory of market equilib rium under conditions of risk", Journal of Finance. 1. Describe the model, explain what is meant by the Capital Market Line and the Security Market Line, and outline the main implications of the CAPM theory.

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