Ses 17: The CAPM and APT III & Capital Budgeting I

Ses 17: The CAPM and APT III & Capital Budgeting I

Recording date: 30/06/2017
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This lecture starts with an example that uses CAPM to explain market-cap portfolios. The focus then shifts to making financial decisions as a manager, including applying the NPV rule and calculating project cash flows.

Andrew Lo


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