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Page 233
All investors are risk averse and choose portfolios in a manner consistent with maximizing expected utility of single - period terminal wealth . Portfolio investment opportunities can be described solely in terms of means and variances ...
All investors are risk averse and choose portfolios in a manner consistent with maximizing expected utility of single - period terminal wealth . Portfolio investment opportunities can be described solely in terms of means and variances ...
Page 234
2 ( R ) m i ' ( 3 ) This is the equivalent to saying that the equilibrium expected return for a risky asset is equal to a riskless rate of interest plus a linear risk premium equal to the product of the risk premium per unit of risk ...
2 ( R ) m i ' ( 3 ) This is the equivalent to saying that the equilibrium expected return for a risky asset is equal to a riskless rate of interest plus a linear risk premium equal to the product of the risk premium per unit of risk ...
Page 241
However , the evidence of virtually all of the recent studies is strongly suggestive of a linear relationship between a common stock's expected return and its beta risk.2 It follows that ( 1 ) the risk premia for NYSE stocks within a ...
However , the evidence of virtually all of the recent studies is strongly suggestive of a linear relationship between a common stock's expected return and its beta risk.2 It follows that ( 1 ) the risk premia for NYSE stocks within a ...
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Contents
FIRST SESSION Regulation and the Utility Industries | 1 |
SOLVING THE INFLATION DILEMMA | 103 |
FOURTH SESSION | 111 |
27 other sections not shown
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Common terms and phrases
accounting additional adjustment agencies allowed amount analysis application average base basis believe capacity capital changes charges Commission common companies competition concerned considered construction consumer continue cost curves customers decision demand depreciation determine earnings economic effect efficiency electric utilities energy equity estimated example existing expected expense fact factor Federal firm fuel future going growth higher important income increase industry inflation interest investment investors Iowa issues less load marginal means measure method Michigan natural operating peak percent period plant possible present problems production Public Utilities question rate of return ratio reasonable recent reduce regulation regulatory requirements reserve result revenue risk structure supply telephone tion unit
Bibliographic information
| Title | Proceedings of the Annual Iowa State University Regulatory Conference on Public Utility Valuation and the Rate Making Process, Volumes 13-16 |
| Contributors | Iowa State University. Engineering Extension Service, Iowa State University. Industrial Engineering Dept |
| Publisher | Iowa State University., 1974 |
| Original from | the University of Michigan |
| Digitized | 22 Aug 2006 |
| Export Citation | BiBTeX EndNote RefMan |