a) Explain CAPM for risk analysis and investment management b) Comment on the validity of the CAPM model assumptions and

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a) Explain CAPM for risk analysis and investment management
b) Comment on the validity of the CAPM model assumptions and
their implications for CAPM empirical strengths.
c) Explain credit risks and corporate default risks? Why does it
matter for the portfolio managers to minimise them?
d) There is no room for active fund management if random walk
theory and the Efficient Market Hypothesis (EMH) holds. Do you
agree? Why or why not?
e) Evaluate the role of securitisation in the financial
crisis of 2007. Why risk modelling techniques such as Value at Risk
(VaR), and GAARCH were not successful. Support your arguments using
empirical literature and existing academic research. Suggest
improvements that can be employed to make these techniques more
robust.