Derive the CAPM formula for rk-rf by using equation 6.9

7t 1. Derive equation (6.9)-1 7L Substituting wi-Vi , you get il 7t Normalizing you have 7t 7t 7L Also, note that: 2. Derive the CAPM formula for kf by using equation (6.9 above). Apply (6.9) to asset k and to the market itself 7l Note that: 1 7t 1. Derive equation (6.9)-1 7L Substituting wi-Vi , you get il 7t Normalizing you have 7t 7t 7L Also, note that: 2. Derive the CAPM formula for kf by using equation (6.9 above). Apply (6.9) to asset k and to the market itself 7l Note that: 1