Black et al. (1972) found that the market model needed to be modified to better fit U.S.
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Black et al. (1972) found that the market model needed to be modified to better fit U.S. stock returns. What did they propose as a better fitting model?
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Black Jensen and Scholes 1972 proposed the Capital Asset Pricing Model CAPM ...View the full answer
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Jehal Shah
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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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