1887

n South African Journal of Business Management - Reply to a letter on 'Gold Shares versus krugerrands' - letter

Volume 18 Number 3
  • ISSN : 2078-5585

Abstract

For assets in a well-diversified portfolio in a competitive market the finance literature generally accepts the applicability of the Capital Asset Pricing Model (CAPM) for measuring the relationship between their risk and expected return. This model expresses the expected return on such an asset (gold or gold shares in this case) as a linear function of market-as-a-whole related risk i.e. the part of total risk (measured as the variance of returns) that is market correlated.

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/content/journal/10520/EJC-6608c680d
1987-09-01
2020-11-29

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