Cipher2014
New Member
Hi David,
As I read the chapters on CAPM, I'm a bit confused as to what's the relationship between SML, CML and CAPM. The book seem to associate CAPM exclusively with SML, but CML is also in the same chapter.
Could you kindly explain a that's the association between CML to CAPM. Is CML also derived from the CAPM model or they are unrelated?
Thanks,
Ying
As I read the chapters on CAPM, I'm a bit confused as to what's the relationship between SML, CML and CAPM. The book seem to associate CAPM exclusively with SML, but CML is also in the same chapter.
Could you kindly explain a that's the association between CML to CAPM. Is CML also derived from the CAPM model or they are unrelated?
Thanks,
Ying