The market plane model says that the Expected return on a Security is a linear equation with two parameters (unlike Security market line): the Market premium and the liquidity premium.
Market plane(See Chapter 19 of the Vernimmen)
The market plane model says that the Expected return on a Security is a linear equation with two parameters (unlike Security market line): the Market premium and the liquidity premium.
The market plane model says that the Expected return on a Security is a linear equation with two parameters (unlike Security market line): the Market premium and the liquidity premium.