riskandreturn(投资解析跟投资组合管理).pptVIP

Lecture Presentation Software to accompanyInvestment Analysis and Portfolio ManagementSeventh Editionby Frank K. Reilly Keith C. Brown Chapter 9 – Multifactor Models of Risk and Return Questions to be answered: What is the arbitrage pricing theory (APT) and what are its similarities and differences relative to the CAPM? What are the major assumptions not required by the APT model compared to the CAPM? How do you test the APT by examining anomalies found with the CAPM? Chapter 9 - Multifactor Models of Risk and Return What are the empirical test results related to the APT? Why do some a