财务管理培训课程(英文版)(23页)摘要.pptVIP

Topics Covered Measuring Beta Portfolio Betas CAPM and Expected Return Security Market Line Capital Budgeting and Project Risk Measuring Market Risk Market Portfolio - Portfolio of all assets in the economy. In practice a broad stock market index, such as the SP Composite, is used to represent the market. Beta - Sensitivity of a stock’s return to the return on the market portfolio. Measuring Market Risk Example - Turbo Charged Seafood has the following % returns on its stock, relative to the listed changes in the % return on the market portfolio. The beta of Turbo Charged Seafood can be deri