288                                                    10

Fischer Black, Beta and Return, Journal of Portfolio Management, 20, no. 1 (Fall 1993),
pp. 8-18.

Ravi Jagannathan and Zhenyu Wang, The CAPM is Alive and Well, unpublished paper,
Carlson School of Management, University of Minnesota, Minneapolis, MN, November
22, 1993.

9.  ,         
 CAPM, .  :

Harry M. Markowitz, Nonnegative or Not Nonnegative: A Question about CAPMs,
Journal of Finance, 38, no. 2 (May 1983), pp. 283-295.