Question
How is SMB and HML factored into the Capital Asset Pricing Model? Is SMB entered in as a beta or annualized returns? Do you add
How is SMB and HML factored into the Capital Asset Pricing Model? Is SMB entered in as a beta or annualized returns? Do you add beta to the CAPM formula or do you multiply it?
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Fundamentals Of Multinational Finance
Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman
1st Edition
0201844842, 978-0201844849
