Lecture Fundamentals of corporate finance: Lecture 11 - Ross, Westerfield, Jordan
Lecture Fundamentals of corporate finance: Lecture 11 - Ross, Westerfield, Jordan
Lecture 11 - Return, risk, and the security market line. The following will be discussed in this chapter: Expected returns and variances; portfolios; announcements, surprises, and expected returns; risk: systematic and unsystematic; diversification and portfolio risk; systematic risk and beta; the security market line; the SML and the cost of capital: A preview.