该【公司理财罗斯英文原书第九版第十二章 】是由【相惜】上传分享,文档一共【32】页,该文档可以免费在线阅读,需要了解更多关于【公司理财罗斯英文原书第九版第十二章 】的内容,可以使用淘豆网的站内搜索功能,选择自己适合的文档,以下文字是截取该文章内的部分文字,如需要获得完整电子版,请下载此文档到您的设备,方便您编辑和打印。AnAlternativeViewofRiskandReturn:TheArbitragePricingTheoryChapter12编辑ppt1KeyConceptsandSkillsDiscusstherelativeimportanceofsystematicandunsystematicriskindeterminingaportfolio’ ,,=systematicrisk+-diversifiedportfolios,,:SystematicandUnsystematicSystematicRisk:mNonsystematicRisk:?n?2Totalriskponents:systematicriskandunsystematicrisk:?,b,tellsustheresponseofthestock’,bmeasurestheresponsivenessofasecurity’sreturntoaspecificriskfactor,,supposewehaveidentifiedthreesystematicrisks:inflation,GNPgrowth,andthedollar-eurospotexchangerate,S($,€).Ourmodelis:编辑ppt8SystematicRiskandBetas:ExampleSupposewehavemadethefollowingestimates:bI=-==,thefirmwasabletoattracta“superstar”CEO,andthisunanticipateddevelopmentcontributes1%:%,butinfactwas8%duringthetimeperiod,then:FI=Surpriseintheinflationrate=actual–expected=8%–3%=5%编辑ppt10
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