美国平均通货膨胀率.pptxVIP

Chapter 1 Questions;What is an investment ?;What is an investment ?;What is an investment ?;Components Of The Required Rate of Return;The real interest rate : Compensation for time;Why is the real risk-free rate positive?;Inflation Protection;example;;;Combining the Real Rate and Expected Inflation;Compensation for Risk-bearing;The Required Rate of Return;Issues That Investors Should Always Consider;Risk-Return Trade-Off;Market Efficiency;Implications of Market Efficiency;The Paradox of Market Efficiency;Take Taxes and Expenses Into Account;Take Taxes and Expenses Into Account;Diversify, Diver