Zaimović, Azra - In: Economic review : journal of economics & business 10 (2012) 1, pp. 13-23
The Sharpe-Lintner Capital Asset Pricing Model (CAPM) implies a simple linear equation for pricing risky financial assets, individually and in portfolios. CAPM finds that the relevant risk measure of individual financial assets held as a portion of a well-diversified portfolio is not a variance...