金融学教学课件bodie2echapter13.ppt

Copyright ? 2009 Pearson Education, Inc. Publishing as Prentice Hall Chapter 13:  Capital Market Equilibrium Introduction CAPM is a theory about equilibrium prices in the markets for risky assets It is important because it provides a justification for the widespread practice of passive investing called indexing a way to estimate expected rates of return for use in evaluating stocks and projects. Introduction Relationship between CAPM and other contents we have learned so far. In part III we learned the valuation of securities and projects, by using NPV-rule, but we didn’t consider t