FoundationsofFinancialAnalysisandInvestmentsLecture3: CapitalAssetPricingModel(CAPM)1 PPT 课件Todays lecture1. Briefrevision:Lecture22. Mean-varianceoptimizationwithunlimitedborrowingandlendingatarisk-freerate3. MPTandCAPM:Preliminaryremarks4. TheCapitalAssetPricingModel(CAPM)5. FirstconsiderationsaboutthelimitationsofCAPM2 PPT 课件TheportfolioconsistsoftworiskyassetsD(debt)andE (equity)TheirweightsintheportfolioareWeconstructriskyportfoliosvaryingtoprovidethelowestpossibleriskforanygivenlevelofexpe
