Assignment:
Discussion
Fama and French (2004) The Capital Asset Pricing Model Theory and Evidence, The Journal of Economic Perspectives, 18, 3 pp 25-46 explain in your own words how the three factor CAPM model redefines our concepts of stock price estimated required rate of return.
(300 words only, cite the article in APA)
Readings:
The Capital Asset Pricing Model: Theory and Evidence
By Eugene F. Fama and Kenneth R. French