公司理财罗斯英文原书第九版第十二部分学习课件.pptVIP

An Alternative View of Risk and Return: The Arbitrage Pricing Theory Key Concepts and Skills Discuss the relative importance of systematic and unsystematic risk in determining a portfolio’s return Compare and contrast the CAPM and Arbitrage Pricing Theory Chapter Outline 12.1 Introduction 12.2 Systematic Risk and Betas 12.3 Portfolios and Factor Models 12.4 Betas and Expected Returns 12.5 The Capital Asset Pricing Model and the Arbitrage Pricing Theory 12.6 Empirical Approaches to Asset Pricing 12.1 IntroductionArbitrage Pricing Theory Arbitrage arises if an investor can construct a zero