The capital asset pricing model (CAPM) helps investors understand ... Over an analyst’s chosen investment time horizon, the risk-free rate can fluctuate, sometimes considerably—just look ...
Many investors use the capital asset pricing model (CAPM) as a way to estimate ... ensure that these values are all taken from the same time period. Here we use a 10-year time period.
Merton, Robert C. "A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm." Sloan School of Management Working Paper, No.