Chap009资本资产定价模型复习课程.pptVIP

INVESTMENTS | BODIE, KANE, MARCUS INVESTMENTS | BODIE, KANE, MARCUS Copyright ? 2011 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin CHAPTER 9 The Capital Asset Pricing Model 资本资产定价模型CAPM模型 9-* It is the equilibrium model that underlies all modern financial theory综合所有现代金融理论的均衡模型 Derived using principles of diversification with simplified assumptions利用分散化和简化的原则建立 Markowitz, Sharpe, Lintner and Mossin are researchers credited with its development马克维茨、夏普、林特和莫森逐步发展而来 Capital Asset Pricing Model (CAPM)资本资产定价模型CAPM模型 9-* Assumptions假设 Individual investors are price takers