le0文档新1theinvestmentsetting(资产定价-上海交大,蔡明超).pptVIP

Lec 1The Investment Setting 为了弥补50%的退步，我们往往需要付出100%的努力 ---股票市场启示录 The Investment Setting a) explain the concept of required rate of return and discuss the components of it. b) differentiate between the real and the nominal risk-free rate of return c) explain the risk premium and the associated fundamental sources of risk; d) define the security market line and discuss the factors that cause movements along, changes in the slope of, and shifts of the security market line. Why Do Individuals Invest ? By saving money (instead of spending it), individuals tradeoff present consumption for a l