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CAS Exam 9 Study Notes: The Capital Asset Pricing Model
2019-03-24
I've uploaded my notes on the Capital Asset Pricing Model, based on Chapter 9 of the Investments textbook by Bodie, Kane, and Marcus. These notes correspond to learning objectives A6 and A7 on the Exam 9 syllabus. The notes explain the assumptions behind the Capital Asset Pricing Model, illustrate how it can be used to establish a benchmark price for a security based on its correlation with the market, and summarize variations on the CAPM that relax some of its assumptions.
Keywords: Actuarial Science, Study Note, Exam 9