Expected Returns and Variances Portfolios Announcements, Surprises, and Expected Returns Risk: Systematic and Unsystematic Diversificatioand Portfolio Risk Systematic Risk and Beta The Security Market Line The SML and the Cost of Capital: A Preview
Returns The Historical Record Average Returns: The First Lesson The Variability of Returns: The Second Lesson More oAverage Returns Capital Market Efficiency
Project Cash Flows: A First Look Incremental Cash Flows Pro Forma Financial Statements and Project Cash Flows More oProject Cash Flow Alternative Definitions of Operating Cash Flow Some Special Cases of Cash Flow Analysis