Purpose- This empirical study aims to measure the sectoral market risk premiums in Turkish stock for period of 2016 and 2021 also estimate years 2022, 2023 2024. Capital Asset Pricing Model (CAPM) is most widely used popular method analysis investment projects, valuation, firm mergers acquisitions, initial public offerings, secondary offerings. The premium CAPM defined as difference between exp...

We consider the standard discrete-time model of a frictionless financial market and show that the law of one price holds if and only if there exists a martingale density process with strictly positive initial value. In contrast to the classical no-arbitrage criteria, this density process may change its sign. We also give an application to the CAPM.