cha文档教材pter_10returnandrisk(公司理财-四川大学,战松).pdfVIP

Chapter 10 z s o n g @ s c u Return and Risk: . e d u . c The Capital-Asset-Pricing Model n (CAPM) 10-0 PDF 文件使用 pdfFactory Pro 试用版本创建 洀| Expected Returns Expected returns are based on the z probabilities of possible outcomes s o n g In this context, “expected” means average @ s c if the process is repeated many times u . e d u The “expected” return does not even have . c n to be a possible return n E (R ) p R i i i1 10-1 PDF 文件使用 pdfFactory Pro 试用版本创建 洀| Example: Expected Returns Suppose you have predicted the following z returns for stocks C and T in three possible s o n states of nature. What are the expected g @ returns? s c u . State Probability C T e d u Boom 0.3 15 25 . c n