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Persistent link: https://www.econbiz.de/10003771784
This paper demonstrates a simple way of deriving both the Capital Asset Pricing Model (CAPM) and a capital asset's beta value from the Capital Market Line (CML). The CML model is extended to include a series of isocorrelation curves along which the returns of any portfolio can be plotted...
Persistent link: https://www.econbiz.de/10013101754