INDEXATION, THE RISK-FREE ASSET, AND CAPITAL MARKET EQUILIBRIUM

Authors

  • Jeremy J. Siegel,

  • Jerold B. Warner

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    • Wharton School, University of Pennsylvania and Graduate School of Management, University of Rochester, respectively. We thank Michael Jensen, John Long, Stephen Ross, the members of the Finance Workshop at the University Of Chicago, and a referee for this Journal, Stanley Fischer, for their comments.

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