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Lecture12 - LECTURE 12 RISK AND RETURN PART 3 SYSTEMATIC...

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137 L ECTURE 12 R ISK AND R ETURN P ART 3: S YSTEMATIC R ISK , P ORTFOLIO C HOICE , AND THE C APITAL A SSET P RICING M ODEL Reading: Chapter 11 plus appendix on the course website Homework: Online problems plus supplemental CAPM problems Objectives: Understand the Difference Between Systematic and Unsystematic Risk Understand the Portfolio Choice Problem Understand the Capital Asset Pricing Model and how Systematic Risk is Measured and Priced Be able to use the CAPM to estimate expected returns on stocks
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