财务管理第十三章课件.pptx

Chapter 13 Return, Risk, and the Security Market Line;Key Concepts and Skills;Chapter Outline;Expected Returns;Example: Expected Returns;Variance and Standard Deviation;Example: Variance and Standard Deviation;Another Example;Portfolios;Example: Portfolio Weights;Portfolio Expected Returns;Example: Expected Portfolio Returns;Portfolio Variance;Example: Portfolio Variance;Another Example;Expected vs. Unexpected Returns;Announcements and News;Efficient Markets;Systematic Risk;Unsystematic Risk;Returns;Diversification;Table 13.7;The Principle of Diversification;Figure 13.1;Diversifiable Risk;Total Risk;Systematic Risk Principle;Measuring Systematic Risk;Table 13.8 – Selected Betas;Total vs. Systematic Risk;Work the Web Example;Example: Portfolio Betas;Beta and the Risk Premium;Example: Portfolio Expected Returns and Betas;Reward-to-Risk Ratio: Definition and Example;Market Equilibrium;Security Market Line;The Capital Asset Pricing Model (CAPM);Factors Affecting Expected Return;Example - CAPM;Figure 13.4;Quick Quiz;Comprehensive Problem;End of Chapter;9、春去春又回，新桃换旧符。在那桃花盛开的地方，在这醉人芬芳的季节，愿你生活像春天一样阳光，心情像桃花一样美丽，日子像桃子一样甜蜜。10月-2010月-20Sunday, October 11, 2020 10、人的志向通常和他们的能力成正比例。11:02:0311:02:0311:0210/11/2020 11:02:03 AM 11、夫学须志也，才须学也，非学无以广才，非志无以成学。10月-2011:02:0311:02Oct-2011-Oct-20 12、越是无能的人，越喜欢挑剔别人的错儿。11:02:0311:02:0311:02Sunday, October 11, 2020 13、志不立，天下无可成之事。10月-2010月-2011:02:0311:02:03October 11, 2020 14、Thank you very much for taking me with you on that splendid outing to London. It was the first time that I had seen the Tower or any of the other famous sights. If Id gone alone, I couldnt have seen nearly as much, because I wouldnt have known my way about. 。11 十月 202011:02:03 上午11:02:0310月-20 15、会当凌绝顶，一览众山小。十月 2011:02 上午10月-2011:02October 11, 2020 16、如果一个人不知道他要驶向哪头，那么任何风都不是顺风。2020/10/11 11:02:0311:02:0311 October 2020 17、一个人如果不到最高峰，他就没有片刻的安宁，他也就不会感到生命的恬静和光荣。11:02:03 上午11:02 上午11:02:0310月-20