Assume that the investor holds risky efficient portfolio I that is a combination of market portfolio M
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Assume that the investor holds risky efficient portfolio I that is a combination of market portfolio M and its uncorrelated zero-beta portfolio counterpart ZI.
How can we write the zero-beta CAPM using these two risky portfolios?
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Related Book For
Investment Valuation And Asset Pricing Models And Methods
ISBN: 9783031167836
1st Edition
Authors: James W. Kolari, Seppo Pynnönen
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