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Physics, 14.06.2021 15:40 hello137348474747

Assume there is a risk-free asset, and assume that a factor model holds in which each factor f1fk is an excess return. Show that each return Ř on the mean-variance frontier equals k
Rf + Σ βj fj
j=1

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Assume there is a risk-free asset, and assume that a factor model holds in which each factor f1fk is...
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