RISK, RETURN AND EQUILIBRIUM: SOME CLARIFYING COMMENTS

Authors

  • Eugene F. Fama

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    • Associate Professor of Finance, Graduate School of Business, University of Chicago. In preparing this paper I have benefited from discussions with members of the Workshop in Finance of the Graduate School of Business. The comments of M. Blume, P. Brown, M. Jensen, M. Miller, H. Roberts, R. Roll, M. Scholes and A. Zellner were especially helpful. The research was supported by a grant from the Ford Foundation.

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