Objectives .The Theory of the CAPM .Use of CAPM in benchmarking .Using CAPM to determine correct rate for discounting THE COURSE OF FINANCE 2017 SPRING SJTU 2Objectives THE COURSE OF FINANCE 2017 SPRING SJTU 2 •The Theory of the CAPM •Use of CAPM in benchmarking •Using CAPM to determine correct rate for discounting