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1. International Portfolio Investment Chapter 15 2. Why Invest Internationally? What are the advantages of international investment? 3. THE BENEFITS OF INTERNATIONAL EQUITY…

Education Using Mean-Variance Optimization in the Real World: Black-Litterman vs. Resampling

1. Using Mean-Variance Optimization in the Real World: Black-Litterman vs. Resampling Jill AdrogueZephyr Associates, Inc. September 15, 2005 2. Making Mean-Variance Optimization…

Documents 7 - 1 Copyright © 2002 Harcourt, Inc.All rights reserved. CHAPTER 7 Risk and Return: Portfolio...

Slide 17 - 1 Copyright © 2002 Harcourt, Inc.All rights reserved. CHAPTER 7 Risk and Return: Portfolio Theory and Asset Pricing Models Capital Asset Pricing Model (CAPM)…

Economy & Finance The Capital Asset Pricing Model (CAPM)

1.Prepared by Ken Hartviksen INTRODUCTION TO CORPORATE FINANCE Laurence Booth•W. Sean Cleary Chapter 9 – The Capital Asset Pricing Model2. CHAPTER 9 The Capital Asset…

Documents SOA 08 Annual Meeting

1.SOA 08 Annual Meeting & Exhibit October 19-22, 2008Session 17, Bringing "Equity" to the Issue of Equity Investments in Pension PlansModeratorThomas M. Sablak,…

Documents CHAPTER NINE THE CAPITAL ASSET PRICING MODEL. THE CAPM ASSUMPTIONS n NORMATIVE ASSUMPTIONS expected....

Slide 1 CHAPTER NINE THE CAPITAL ASSET PRICING MODEL Slide 2 THE CAPM ASSUMPTIONS n NORMATIVE ASSUMPTIONS expected returns and standard deviation cover a one-period investor…

Documents International Portfolio Investment Chapter 13. 2 Why Invest Internationally? What are the...

Slide 1 International Portfolio Investment Chapter 13 Slide 2 2 Why Invest Internationally? What are the advantages? Slide 3 3 THE BENEFITS OF INTERNATIONAL EQUITY INVESTING…

Documents Cost of Capital Estimation. Methods for Benchmarking the Cost of Equity Capital 1. Capital Asset...

Slide 1 Cost of Capital Estimation Slide 2 Methods for Benchmarking the Cost of Equity Capital 1. Capital Asset Pricing Model using beta from a regression analysis (top-down…

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7 - 1 Copyright © 2002 Harcourt, Inc. AII rights reserved. CHAPTER 7 Risk and Return:Portfolio Theory and Asset Pricing Models CapitaI Asset Pricing ModeI (CAPM) Efficient…