My Research
- If the tangent portfolio is equal to the market portfolio, is the market in equilibrium? No!
- Can we using the beta pricing formula to price derivatives in the market? No!
- In the CAPM equation, can the market beta of a stock take infinitely many values? Yes!
- Is the market beta a redundant variable or a valuable tool? a redundant variable
Abad’s View of Asset Pricing: A new framework (axiomatic system) of financial theory
Which Starts to answer the following questions
- Can financial assets be priced? If so, can it be represented by a functional?
- Are there any value creations during the construction of an asset portfolio?
- What is the relationship between limited liability and no arbitrage?
- How can the above questions be stated mathematically?