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First, what is risk in business? How can we measure risk? Next, what is the relationship between risk and return? (Brief explanation) Next, breakdown WACC

First, what is "risk" in business? How can we measure risk? Next, what is the relationship between risk and return? (Brief explanation)

Next, breakdown WACC and CAPM

What is the formula for WACC? What does each variable stand for? What is the formula for CAPM? What does each variable stand for?

Finally, how does WACC and CAPM relate to "risk" and "return?"

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