The impact of incorporating a bond index into the proxy for the market portfolio.
The Capital Asset Pricing model (CAPM) is the most widely used equity valuation model in both the United States of America (U.S.) and South Africa, thus its importance in corporate finance cannot be underestimated. The largest criticism of the CAPM lies in the difficulties with estimating its parame...
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| Language: | en_ZA |
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2013
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| Online Access: | http://hdl.handle.net/10413/8799 |