!URL
http://www.duke.edu/~charvey/Classes/ba350_1997/capm/capm.htm

!Description
his class extends the diversification material in deriving the Capital Asset Pricing Model (CAPM). This model is widely used in capital budgeting exercises in practice and is one of the cornerstones of modern finance. The primary use of the CAPM is in determining the appropriate discount rate to use in computing Net Present Values (NPVs). This module, highlights the difference between systematic risk (which is priced or rewarded by investors) and diversifiable risk (which is not awarded). An intuitive proof is presented along with a formal mathematical proof.
bag
mbi_public
created
Fri, 06 Jan 2012 16:14:32 GMT
creator
dirkjan
modified
Fri, 06 Jan 2012 16:14:32 GMT
modifier
dirkjan
tags
CAPM
finance
bookmark
mbi
creator
dirkjan