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Explain in detail the evolution of Markowitz Modern Portfolio Theory to Capital Asset Pricing Model and Arbitrage Pricing Theory, noting the weaknesses of each of
Explain in detail the evolution of Markowitz Modern Portfolio Theory to Capital Asset Pricing Model and Arbitrage Pricing Theory, noting the weaknesses of each of the theories.
(20 marks)
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The Economics Of Money Banking And Financial Markets
Authors: Frederic S. Mishkin
7th Edition
0321122356, 978-0321122353
