现代企业财务会计--套利定价理论.pptVIP

Chapter Outline;Arbitrage Pricing Theory;11.1 Factor Models: Announcements, Surprises, and Expected Returns;11.1 Factor Models: Announcements, Surprises, and Expected Returns;11.2 Risk: Systematic and Unsystematic;11.2 Risk: Systematic and Unsystematic;11.3 Systematic Risk and Betas;11.3 Systematic Risk and Betas;Systematic Risk and Betas: Example;Systematic Risk and Betas: Example;Systematic Risk and Betas: Example;Systematic Risk and Betas: Example;Systematic Risk and Betas: Example;11.4 Portfolios and Factor Models;Relationship Between the Return on the Common Factor Excess Return;Relation