Investment Analysis and Portfolio Management. Lecture 7 Gareth Myles. The Capital Asset Pricing Model (CAPM). The CAPM is a model of equilibrium in the market for securities.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
where pi(0) is the value of the asset at time 0 and pi(1) is the value at time 1
will over-value the project