CHAPTER 8Index ModelsReduces the number of inputs for diversificationEasier for security analysts to specializeAdvantages of the Single Index Model βi = response of an individual security’s return to
CHAPTER 8Cost-Benefit Analysis ? 2010 by the McGraw-Hillpanies, Inc All rights -Hill/IrwinProjecting Present Dollars into the FutureR0 = $1000R1 = $1000*(1+01) = $1010R2 = $1010*(1+01) = $102010
单击此处编辑母版标题样式单击此处编辑母版文本样式第二级第三级第四级第五级单击此处编辑母版标题样式单击此处编辑母版文本样式第二级第三级第四级第五级History and Geography: The Foundations of CultureChapter 3历史与地理:文化的基础第三章教学手段教学环节:课程讲授和案例分析练习环节课后作业启发式教学方法:提问引导学生思考师生互动本授课单元教学过
Chapter 1The Investment EnvironmentReal Assets Versus Financial AssetsReal AssetsDetermine the productive capacity and net ie of the economyExamples: Land, buildings, machines, knowledge used to
第六章风险厌恶和风险资产配置6-2风险资产配置投资者一般会规避风险除非风险意味着更高的收益。用效用模型可以得出风险组合和无风险组合之间的资本最优配置。6-3风险和风险厌恶投机承担一定的风险并获得相应的报酬缔约方具有“异质预期”6-4风险和风险厌恶赌博 为了享受冒险的乐趣而在一个不确定的结果上下注。缔约方对事件结果发生的概率认识相同。6-5风险厌恶和效用价值投资者将考虑:无风险资产有正的风险溢价的投
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CHAPTER 9The Capital Asset Pricing ModelIt is the equilibrium model that underlies all modern financial theoryDerived using principles of diversification with simplified assumptionsMarkowitz, Sharpe,
CHAPTER 2Tools of Positive Analysis ? 2010 by the McGraw-Hillpanies, Inc All rights -Hill/IrwinThe Role of TheoryEconomic modelsVirtue of simplicityJudging a modelLimitations of modelsEmpirical
CHAPTER 1Introduction ? 2010 by the McGraw-Hillpanies, Inc All rights -Hill/IrwinDefining the Field of StudyPublic Finance – the field of economics that analyzes government taxation and spending
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