博迪投资学答案chap009-7thed.pdf

CHAPTER9:THE CAPITALASSETPRICINGMODEL 1. c. 2. d. From CAPM,thefair expectedreturn 8+ 1.25(15 8) 16.75% Actually expectedreturn 17%   17 16.75 0.25% 3. Sincethe stock’sbetaisequalto 1.2,itsexpectedrateofreturn is: 6+ [1.2  (16– 6)] 18% D  P  P E(r) 1 1 0 P 0 6 P  50 0.18 1  P $53 1 50 4. The seriesof $1,000payment