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The market is in equilibrium where CAPM assumptions hold (e.g. homogeneous expectations, efficient markets, zero transaction costs, etc.) Express the equilibrium condition for this universe

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The market is in equilibrium where CAPM assumptions hold (e.g. homogeneous expectations, efficient markets, zero transaction costs, etc.) Express the equilibrium condition for this universe of stocks in terms of each stock's return contribution and risk contribution. For notation purposes, you can use the symbols rmkt&mkt to represent the market's return & risk and rf to represent the riskfree rate. (Note: Students can either type or neatly hand-write the relationship and upload a picture or file containing the expression.) (15 pts)

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