William F. Sharpe: The Concise Encyclopedia of Economics | Library of Economics and Liberty

William F. Sharpe: The Concise Encyclopedia of Economics | Library of Economics and Liberty

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日期:2025-06-29
One implication of Sharpe’s work is that the expected return on a portfolio in excess of a riskless return should be beta times the excess return of the market. Thus, a portfolio with a beta of 2 should have an excess return that is twice as high as the m...看更多