RDP 9802: Systematic Risk Characteristics of Corporate Equity
Equation (1)
E
(
r
i
t
−
r
z
t
)
=
β
i
t
E
(
r
m
t
−
r
z
t
)
MathType@MTEF@5@5@+=feaagCart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLnhiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=xfr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyramaabmaabaGaamOCamaaBaaaleaacaWGPbGaamiDaaqabaGccqGHsislcaWGYbWaaSbaaSqaaiaadQhacaWG0baabeaaaOGaayjkaiaawMcaaiabg2da9iabek7aInaaBaaaleaacaWGPbGaamOAaaqabaGccaWGfbWaaeWaaeaacaWGYbWaaSbaaSqaaiaad2gacaWG0baabeaakiabgkHiTiaadkhadaWgaaWcbaGaamOEaiaadshaaeqaaaGccaGLOaGaayzkaaaaaa@4DA4@