Corporate Finance Ross  Westerfield  Jaffe

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Corporate Finance Ross  Westerfield  Jaffe Sixth Edition 11 Chapter Eleven An Alternative View of Risk and Return: The APT Prepared by Gady Jacoby University of Manitoba and Sebouh Aintablian American University of Beirut

Chapter Outline 11.1 Factor Models: Announcements, Surprises, and Expected Returns 11.2 Risk: Systematic and Unsystematic 11.3 Systematic Risk and Betas 11.4 Portfolios and Factor Models 11.5 Betas and Expected Returns 11.6 The Capital Asset Pricing Model and the Arbitrage Pricing Theory 11.7 Parametric Approaches to Asset Pricing 11.8 Summary and Conclusions