公司理财第五版高等院校双语教材·金融系列-chapter 11.ppt

* * * * * * * * * * * * * * * * * * * * * * * * COPYRIGHT?ZHULI * Chapter 11 Risk, return, and capital budgeting COPYRIGHT?ZHULI * Objectives Measure and interpret the market risk, or beta, of a security Relate the market risk of a security to the rate of return that investors demand Calculate the opportunity cost of capital for a period COPYRIGHT?ZHULI * Content Measuring market risk Risk and return Capital budgeting and project risk COPYRIGHT?ZHULI * Market portfolio: portfolio of all assets in the economy. In practice a broad stock market index is used to represent the market Beta or β: