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luizsimas

  • 11 months ago

Dear all, i'm a Brazilian student and i finishing my gruaduation. However, I need to finish my final project, which is about capital structure. I intend to define an optimization model of capital structure for Brazilian companies in each sector. But a problem arose during the preparation of this work. How can ai use the CAPM if the mean of market returns (Rm) are negative? Thank you in.

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spraguer (Moderator)
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