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This article is a revIew of the historical development of the Modern Portfolio Theory (MPT). Harry Markowitz first introduced MPT on the basis of covariance by employing the quadratic programming model. Later the MPT model was replaced by the CAPM model, which was introduced by W. Sharpe and was bas...
| Main Authors: | , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
1999-08-01
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| Series: | تحقیقات مالی |
| Online Access: | https://jfr.ut.ac.ir/article_14130_25bff7e2bb631d4264e281c7eff4c77e.pdf |