Complete the crossword, then click on "Check" to check your answer. If you are stuck, you can click on "Hint" to get a free letter. Click on a number in the grid to see the clue or clues for that number.

			1													2
										3			4
	5
																	6
				7															8
9
					10
	11									12
					13
					14
15
													16
											17
	18
	19

 Check 

Across: 1. Shareholders are _____. 3. Focus of first event study by FFJR in 1969 5. Often seen as a breach of fiduciary responsibility 7. make up the Nexus of Contracts 9. E(R) = RF + B(ERm - RF) 10. Incentive for risk averse investors to take on risk 11. Measure of systematic risk 12. increases in value with increases in volatility 14. means of testing for "semi-strong" form market efficiency 15. widely published, standard bearer for EMH, three factor model 16. Investor who attibutes much of his success to so-called value-anomaly 17. alternative to CAPM 18. View that market prices reflect current information 19. Return for risk line in CAPM

Down: 2. Intercept of characteristic line 4. often seen as a means of issuing equity at some point in future 5. Make poor collateral 6. Won Nobel prize for work on diversification 8. measure of total risk 13. Famous for Free Cash Flow paper, part of FFJR