the CAPM Investment Theory The Capital Asset Pricing Model CAPM: Assumptions and Implications The CAPM Equation SML and CML Elena Pikulina Sauder School of Business University of British Columbia Beta and Alpha 1 / 29 General Overview Investment Theory Elena Pikulina Overview From Portfolio Theory to the CAPM CAPM: Assumptions and Implications The CAPM Equation SML and CML Beta and Alpha • In the previous lecture (Portfolio Theory) we studied how to choose a stock portfolio. • A crucial input
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.7 Conclusion.......8 Recommendation......8 References.............10 Appendix................11 Introduction Coles Myer Limited (CML) and Woolworths Limited (WOW) are two major Australian companies with extensive retail interest and listed on the Australian Stock Exchange. They are Australian public companies which operate a number of retail chains. CML is Australia’s second largest retailer‚ behind WOW. It operates a number of chains of retail outlets which are including Coles Supermarkets
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rate of return on security X with a beta of 1.2 is equal to (a) 0.06. (b) 0.144. (c) 0.12. (d) 0.132 (e) 0.18 6. Which statement is true regarding the Capital Market Line (CML)? (a) The CML is the line from the risk-free rate through the market portfolio. (b) The CML is the best attainable capital allocation line. (c) The CML is
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CML vs SML CML stands for Capital Market Line‚ and SML stands for Security Market Line. 1. The CML is a line that is used to show the rates of return‚ which depends on risk-free rates of return and levels of risk for a specific portfolio. SML‚ which is also called a Characteristic Line‚ is a graphical representation of the market’s risk and return at a given time. 2. While standard deviation is the measure of risk in CML‚ Beta coefficient determines the risk factors of the SML. 3. While the
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Page 1 : E:\CC_Software\Workbench\CC-MW-CD\part2\phasechange\page1.cml 1. List three more everyday examples of phase change. -snow melting and freezing into ice -fuel being changed into gas for cars -ponds freezing over to have a layer of ice Page 2 : E:\CC_Software\Workbench\CC-MW-CD\part2\phasechange\page2.cml 1. Describe the motion of atoms and molecules in a gas. the atoms and molecules bounce off one another each time they come in contact with eachother. they never bond‚ but
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Chronic myeloid leukemia Chronic myelogenous (or myeloid) leukemia (CML)‚ also known as chronic granulocytic leukemia (CGL)‚ is a cancer of the white blood cells. It is a form of blood cancer characterized by the increased and unregulated growth of predominantly myeloid cells in the bone marrow and the accumulation of these cells in the blood. CML is a clonal bone marrow stem cell disorder in which proliferation of mature granulocytes (neutrophils‚ eosinophils‚ and basophils) and their precursors
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Risk and Return: Portfolio Theory and Asset Pricing Models Portfolio Theory Capital Asset Pricing Model (CAPM) Efficient frontier Capital Market Line (CML) Security Market Line (SML) Beta calculation Arbitrage pricing theory Fama-French 3-factor model Portfolio Theory • Suppose Asset A has an expected return of 10 percent and a standard deviation of 20 percent. Asset B has an expected return of 16 percent and a standard deviation of 40 percent. If the correlation between A and B is 0.6
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Maintenance Log) and CML (Cabin Maintenance Log) of both Airbus (A319/A320) and ATR (ATR72) aircrafts. * Sequencing all Pilot Reports and Maintenance action as recorded in the AML (Aircraft Maintenance Log) and CML (Cabin Maintenance Log) of both Airbus (A319/A320) and ATR (ATR72) aircrafts. * Entry/ Encoding (in the PC based program ) of Pilot Reports and Maintenance action as recorded in the in the AML (Aircraft Maintenance Log) and CML (Cabin Maintenance Log)
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ABSTRACT Chronic Myelogenous Leukemia‚ also known as Chronic Myeloid Leukemia (CML) is a type of cancer that affects the blood and the bone marrow. What is a bone marrow? Bone marrow is the soft tissue in the center of the bones that helps to form all blood cells. In CML‚ the bone marrow produces too many white cells‚ called granucolytes or myeloid cells. These cells‚ some of the times called blasts or leukemia blasts‚ gradually crowd the bone marrow‚ interfering and destroying the normal blood cell
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Features and Benefits of Microsoft 365 One the key initiatives of the Columbus Metropolitan Library is to refresh its aging technology infrastructure and innovation to better serve the community (Snyder‚ 2013). As a means to address this initiative‚ CML should consider making changes to its email server. The incumbent system of Novell is out-of-date and costly to operate. Therefore‚ the library should implement Microsoft Exchange to obtain lower operational‚ licensing‚ and recurring costs while attaining
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