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- 2011-5-26
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- 2012-9-12
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elcfa,
What I meant are :
(Tbill Value)(1+rf)^t / Pf is used when the stock index is converted to cash or the cash on hand is converted to stock index temporarily for a short period (e.g., a few month) for whatever the reason.
While (bT - bp)/bf x (Vp/Pf) is used purely for beta adjustment ?
No ? |
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发表于 2011-7-11 19:16
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