
 Giddy/NYU Foundations of Finance Course (Site not responding. Last check: 20071014) 
  The efficient frontier of risky assets is the graphical representation of the set of portfolios that maximizes portfolio expected return for a given level of portfolio standard deviation. 
  The level of systematic risk in a particular asset, relative to average, is given by the beta of that asset. 
  The CAPM assumes ideal security markets in the sense that: (a) markets are large, and investors are price takers, (b) there are no taxes or transaction costs, (c) all risky assets are publicly traded, and (d) any amount can be borrowed and lent at a fixed, riskfree rate. 
 www.stern.nyu.edu /~igiddy/capm.htm (924 words) 
