Merton (1973) developed the intertemporal CAPM (ICAPM). What is different about the ICAPM compared to the CAPM?

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Merton (1973) developed the intertemporal CAPM (ICAPM). What is different about the ICAPM compared to the CAPM? What new assumption does it make?

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Investment Valuation And Asset Pricing Models And Methods

ISBN: 9783031167836

1st Edition

Authors: James W. Kolari, Seppo Pynnönen

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Question Posted: Mar 03, 2024 02:00 AM

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Merton (1973) developed the intertemporal CAPM (ICAPM). What is different about the ICAPM compared to the CAPM?

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The Intertemporal Capital Asset Pricing Model ICAPM developed by Merton in 1973 differs from the tra...View the full answer

Investment Valuation And Asset Pricing Models And Methods

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