Case 2B: The Small/Large Anomaly Maastricht University School of Business and Economics Maastricht‚ 15 September 2009 Maastricht University School of Business and Economics Maastricht‚ 15 September 2009 Table of Content Introduction 3 Summary Statistics 4 Spread Portfolio 5 Evaluate the CAPM 6 Conclusion 7 References 8 Introduction The Capital Asset Pricing Model (CAPM) is an equilibrium model that underlies all modern financial theory. It predicts
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projects and assignments. These sessions will be on the following dates and times: Tuesday‚ Oct 14th‚ 1:30 – 2:30 PM Monday‚ Nov 3rd‚ 3 – 4 PM Monday‚ Nov 17th‚ 3 – 4 PM Tuesday‚ Dec 2nd‚ 1:30 – 2:30 PM Text: Essentials of Investments‚ Bodie‚ Kane and Marcus (2013)‚ 9th Edition‚ McGraw Hill-Irwin. SBA Mission Statement: We develop socially responsible business leaders with a global mindset through academically rigorous‚ relevant and values-based education and research
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William Goetzmann‚ Modern Portfolio Theory and Investment Analysis‚ 8th Edition‚ John Wiley‚ 2011. Reference books: 1. Copeland‚ T.E.‚ Weston‚ J.F.‚ and Shastri‚ K. (CWS)‚ Financial Theory and Corporate Policy‚ 4th edition‚ Pearson. 2. Bodie‚ Z.‚ Kane‚ A.‚ and Marcus A.J.‚ Investment‚ 5th edition‚ McGraw Hill. Study Guidelines Assigned materials‚ papers and paper questions should be read and done prior to the class meeting in which they will be discussed. Students are encouraged to interact with me
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to problems‚ and other useful information will be available on the course web page at Canvas: https://myelms.umd.edu/ Course Materials The following textbook is required and will be used throughout the course: Investments‚ by Zvi Bodie‚ Alex Kane and Alan J. Marcus‚ 9th Edition‚ published by McGraw Hill. Henceforth this book will be referred to as BKM. We will cover three cases in this course. Case #1 Markov’s Trilemma (No. UVA-F-1341) http://store.darden.virginia.edu/markovs-trilemma Case
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and international diversification. Course Materials: The materials for the course consist of two textbooks and additional readings and lecture notes available for download on the course website (blackboard). Textbook: Investments‚ Bodie‚ Kane‚ and Marcus‚ 9th Edition‚ Irwin-McGraw-Hill; Modern Portfolio Theory and Investment Analysis‚ Elton‚ Gruber‚ Brown and Goetzmann‚ 8th edition‚ John Wiley & Sons. Blackboard: This course requires an ongoing constant use of the blackboard. All announcements
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Asquith‚ P. and Mullins‚ D.W. Jr. (1983) “The Impact of Initiating Dividend Payments on Shareholders’ Wealth”‚ The Journal of Business‚ 56 (1)‚ pp.77-96. Baker‚ H.K. (2009) Dividends and dividend policy. New Jersey: John Wiley & Sons‚ Inc. Bodie‚ Z.‚ Kane‚ A. and Marcus‚ A. (2009) Investments‚ Hoboken: McGraw Hill Professional. Brealey‚ R Burberry (2011) Annual Reports and Accounts‚ [online] Available at: www.burberryplc.com/bbry/results-centre/respre/rep2011/ [Accessed 6 February 2012]. Fama‚ E
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curve. From statistics you should understand mean‚ standard deviation‚ covariance‚ correlation‚ and regression models. Familiarity with Excel is also expected. Required Course Materials Textbook: (BKM) Investments (with Connect)‚ by Bodie‚ Kane‚ and Marcus‚ 10th or 9th edition (Irwin/McGraw-Hill)‚ 2013‚ Connect subscription is required for homework and practice problems. It comes with the book or can be purchased separately. The connect website for the course is http://connect.mcgraw-hill
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Contents I. Overview 2 II. Economic/ Financial System 2 III. Politics 3 IV. U.S. Relations 4 V. SWOT Analysis 4 VI. Demographics/Labor Force 5 VII. Outlook 6 VIII. Investment Decisions and Conclusions 7 IX. Works Cited 8 I. Overview South Africa is the most southern country on the continent of Africa with a population of nearly 52 million. Much of its most recent history has been shrouded in the racial segregation movement known as Apartheid. After years of struggle‚ South Africa held its first
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international investing involves securities denominated in foreign currencies (currency exchange risk)‚ therefore‚ invest in UK market maybe the good choice. My risk tolerance level of 22 is moderate to aggressive (coefficient of risk aversion A=2.5) (Bodie‚ Kane‚ Marcus‚ 2001) and I am looking for safety of principal and growth of capital and accept moderate amount of risk. The expected high returns for this portfolio at least 6% or more. I have decided to allocate my assets among stocks; bonds and cash following
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no. 2‚ June‚ pp 446-63. Blackburn‚ V‚ Doran‚ M and Shrader‚ C 1994‚ ‘Investigating the Dimensions of Social Responsibility and the Consequences for Corporate Financial Performance’‚ Journal of Managerial Issues‚ vol 6‚ no. 2‚ pp 195-218. Bodie‚ Z‚ Kane‚ A and Marcus‚ A 2002‚ Investments‚ 5th Edition‚ McGraw-Hill Companies‚ New York. CAMAC‚ Corporations and Markets Advisory Committee 2006‚ The Social Responsibility of Companies‚ December‚ Sydney. Crook‚ C 2005‚ ‘The union of concerned executives’‚ The
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