Lecture Investments (6/e) - Chapter 10: Index models
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This chapter a simplifying assumption that at once eases our computational burden and offers significant new insights into the nature of systematic risk versus firm-specific risk. This abstraction is the notion of an “index model,” specifying the process by which security returns are generated.
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Lecture Investments (6/e) - Chapter 10: Index models
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Lecture Investments (6/e) - Chapter 10: Index models
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