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educationedge0123 · 10 months

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What is CAPM and why is it important?: Understanding CAPM

If you’ve ever dipped your toes into the vast ocean of finance, you might have encountered the term “CAPM.” No, it’s not some mysterious code or a secret handshake among financial wizards. CAPM stands for Capital Asset Pricing Model, and it’s a crucial concept in the world of investments and finance. In this article, we’ll break down What is CAPM, exploring what it is and why it holds such importance.

What is CAPM?

Imagine you’re thinking about investing your hard-earned money. How do you decide which investments are worth the risk? This is where the Capital Asset Pricing Model, or CAPM, steps in.

At its core, CAPM is a tool used to determine the expected return on an investment, taking into account the risk associated with that investment. Developed by Jack Treynor, William Sharpe, John Lintner, and Jan Mossin in the 1960s, CAPM has since become a fundamental concept in finance.

Breaking it Down: The Components of CAPM

Let’s keep things simple and break down the components of CAPM:

Risk-Free Rate (Rf):

This is like the baseline return you would get on an investment with zero risk. In the real world, the closest approximation is often the return on government bonds.

Market Risk Premium (Rm — Rf):

This represents the extra return an investor expects for taking on the risk of investing in the stock market instead of a risk-free asset. It’s like the bonus you get for playing the risk game.

Beta (β):

Beta measures how much a particular investment tends to move in relation to the overall market. A beta of 1 means the investment moves with the market, less than 1 means it’s less volatile, and greater than 1 means it’s more volatile.

Now, let’s put these puzzle pieces together.

The CAPM Formula

The CAPM formula looks like this:

Expected Return=Risk-Free Rate+(Beta×Market Risk Premium)Expected Return=Risk-Free Rate+(Beta×Market Risk Premium)

In simpler terms, it helps us calculate the expected return on an investment by considering how much risk is involved.

Why is CAPM Important?

Now that we know what CAPM is, let’s explore why it’s so important.

Risk and Return Relationship:

CAPM helps investors understand the relationship between risk and return. Generally, investors expect a higher return for taking on more risk. CAPM provides a systematic way to quantify this relationship.

Setting Investment Expectations:

For investors, having realistic expectations is crucial. CAPM assists in setting those expectations by factoring in the risk-free rate, market risk premium, and the beta of an investment.

Portfolio Management:

Investors rarely put all their eggs in one basket. Instead, they create portfolios with various investments. CAPM is valuable in managing portfolios, helping investors diversify and optimize their holdings based on risk and return.

Cost of Capital:

Businesses also benefit from CAPM when determining their cost of capital. This is the cost of financing a company, and CAPM helps businesses understand the return investors require for taking on the company’s risk.

Investment Decision Making:

Whether you’re an individual investor or managing a large fund, CAPM aids in making informed investment decisions. It provides a structured approach to evaluate potential investments and determine if they offer a fair return for the associated risk.

Real-World Application: An Example

Let’s say you’re considering investing in a tech company. The risk-free rate is 2%, the market risk premium is 6%, and the beta of the tech company is 1.5.

Expected Return=2%+(1.5×6%)=11%Expected Return=2%+(1.5×6%)=11%

According to CAPM, you would expect an 11% return on your investment in the tech company, given its risk profile in relation to the overall market.

Criticisms and Limitations

While CAPM is widely used and respected, it’s not without its critics. Some argue that it oversimplifies the complex nature of financial markets. Additionally, it relies on the assumption that investors are rational and always seek to maximize returns, which might not be the case in the real world.

Conclusion

In the financial world, understanding the risk and return of an investment is like navigating a ship through stormy waters. What is CAPM serves as a compass, guiding investors and businesses in determining the expected return on their financial journey. By factoring in the risk-free rate, market risk premium, and beta, CAPM provides a structured approach to evaluate investments, set realistic expectations, and make informed financial decisions.

While it may not be a crystal ball predicting the future, CAPM is a powerful tool that empowers individuals and businesses to navigate the unpredictable seas of finance with a clearer understanding of the risks and rewards that lie ahead. So, the next time you hear about CAPM, remember that it’s not just a complex financial formula; it’s your guide in the world of investments, helping you make decisions that align with your financial goals.

Frequently Asked Questions (FAQs)

What does CAPM stand for?

CAPM stands for Capital Asset Pricing Model. It’s a financial model used to determine the expected return on an investment based on its risk.

Why is CAPM important?

CAPM is crucial because it helps investors and businesses understand the relationship between risk and return. It provides a systematic way to calculate expected returns, aiding in investment decision-making, portfolio management, and determining the cost of capital.

What are the key components of CAPM?

The key components of CAPM are the Risk-Free Rate (Rf), Market Risk Premium (Rm — Rf), and Beta (β). These factors help calculate the expected return on an investment.

How is the expected return calculated using CAPM?

The formula for expected return using CAPM is: Expected Return=Risk-Free Rate+(Beta×Market Risk Premium)Expected Return=Risk-Free Rate+(Beta×Market Risk Premium)

What is the risk-free rate?

The risk-free rate is the return on an investment with zero risk. In practical terms, it is often approximated by the return on government bonds.

How does Beta influence the expected return?

Beta measures how much an investment tends to move in relation to the overall market. A beta of 1 means the investment moves with the market, less than 1 indicates lower volatility, and greater than 1 implies higher volatility.

Can CAPM be used for individual stock analysis?

Yes, CAPM can be used for individual stocks. It helps investors evaluate the expected return on a specific stock by considering its beta and the overall market conditions.

Are there criticisms or limitations to CAPM?

Yes, some critics argue that CAPM oversimplifies the complexities of financial markets and relies on the assumption of rational investor behavior. It’s important to recognize its limitations and use it as a tool rather than an absolute predictor.

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sunnysidevans · 2 months

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Heart Of Texas - J.Seresin

Synopsis: While in Texas for your best friends bachelorette trip, the last thing you expect to find is the green eyed cowboy in the bar. Or to find him again months later.

Pairing: Jake "Hangman" Seresin x Reader.

Warnings: 18+, swearing, mentions of alcohol, mentions of the deed, soft jake(warning in himself really) , uh drunk marriage? not sure what to label that.

Authors Note: hi! i'm alive! I have had this draft for... MONTHS! I have not had much motiviation but upon it being hot glen summer. I'm here with my favorite green eyed boo.

The sun was shining bright through the soft gray curtains, causing you to squint. The silk sheets were soft against your skin. Rolling over in the King sized bed, you groan.

A night of bar hopping in the heart of Austin was probably not the smartest idea but the bride to be got what she wanted for her bachelorette party, her words playing on loop,

“I want to go to Austin and have a good time before I’m a married woman” .

The groan beside you pulls you from your thoughts, looking over beside you, gasping. You pull the sheet to cover your body, pulling yourself away from him and against the wall. “Oh my god” you whisper with a shake of your head.

Moving further against the wall and away from the man as he slowly woke up. Looking him up and down you take him in, he was tall, his feet hung off the bed slightly. His tanned skin and the small freckles adorned his chest, soft blonde hairs residing there. Once he opens his eyes, you note the soft green of his irises.

“What the hell?” he groans, hand falling to his forehead.

Then he looks over at you. You look like a deer in the headlights looking at him. Under his gaze, you can’t help but to pull the sheet tighter against your chest, less of his body being covered.

“Who are you?!” you whisper-yell. “Uh- My name's Jake” he chuckles, sitting up to push his body against the headboard. “Okay but why are you in my hotel room?” you ask.

He looks around the room, noticing the clothes scattered on the floor. "I think um” he rubs the back of his neck.

“I think we may have slept together Sugar” his drawl was soft, his voice deep and still riddled with sleep.

“I think I can gather that '' you mumble, rubbing your eyes. The coldness of metal against your face pulls your hand away. “Oh-” looking down at your hand, then back at the man in front of you, who you now know is Jake. “what is it?” he asks from the end of the bed, looking back at you over his shoulder.

Holding your left hand up to him, you wiggle the small dainty band on your ring finger.

“Oh shit” his face pales, looking down at his own left hand, a simple band adored his own ring finger. “We’re fucking married” you mumble, pushing the sheet off your body to stand.

Grabbing your panties, you begin to pace the hotel room. “Dude, how the hell did we get married?!” you ask, looking at Jake. He chuckles with a shake of his head, hands on his knees. “FIrst of all, please put your tits away” rolling your eyes, you grab the first shirt in sight, buttoning it to look at him. “Please explain! What do you remember?” with your hands on your hips, he sighs. “Not more than you do,” he admits. “Just fuckin dandy” you mumble, pushing a hand through your hair.

“I must say, I do remember alot of shots, '' he admits, it causes you to chuckle. “I can’t believe this is happening right now” pacing infront of Jake, he sighs. “It’s okay, those marriages are never even legit, not legally” he admits, pulling his boxers on, standing infront of you. Stopping your pacing, he grabs your shoulders. “It’s alright Sugar” he smirks.

Rolling your eyes you push his hand off you. “It’s alright to you..” trailing off, you look at the floor infront of you, “Jake” he hums in response. You pick up the piece of paper infront of you.

“Certficate of Marriage'' you hold it out to him.

“Legally, I am now your wife” he rips the paper out of your hands, looking it over. “Oh shit” he looks back up at you then down to the paper. He goes to speak, knocking on the other side of the door stopping him.

Widening your eyes, looking around the room, you sigh. “Okay big guy” he goes to protest as you shove him into the bathroom quickly shutting the door before he can protest.

As the bathroom door shuts, your hotel room door opens. “Why did I think you should have a key?” you sigh. Your best friends are all making their way into the hotel room.

“Safety, I have all the room keys” Laura, bride to be smirks. She sits down on the bed, looking around the room.

“Are you okay?” she asks, looking at you with a smile. “I’m fine” you are lying through your teeth. “Are you okay?” you look at your best friend Wanda as she has a small smile.

“She texted Bradley at least 200 times last night, they’ve talked twice this morning” Laura says, looking between you and her friend with a deadpan look in her eyes.

“She’s in love” you admit with a grin. “I’m the one getting married!” Laura defends with a laugh. Wanda turns her gaze to you, “How are you standing?” she asks, you raise a brow. “What do you mean?” you ask, “You had a wild night” Allison says from beside you.

“What do you mean?” she chuckles, “you were all over that guy, he was so into you” Jake smirks from behind the door, listening to the conversation between you girls.

"oh really?” you ask as she nods. “I don’t remember his name but you guys hit it off..” she smirks looking around the hotel room. “You slept with him!” Wanda stands, pointing at you. “Okay” holding your hands up in surrender, you look between your group of friends.

“I remember nothing, um” you blush, knowing he had to be listening. “The sex was phenomenal okay?” The room cheers, Jake's smirk grows behind the bathroom door.

“You guys really were all over each other '' Laura nods, grinning. “Here, look'' she's pulling her phone out, showing you the photos. The night coming back to you, one photo at a time.

The music pounded through the speakers of the club. “I can’t believe that in two weeks I’ll be married!” Laura yells beside you, dancing with her own drink in hand. You smirk, sipping from your glass.

“In two weeks time we’ll be looking at Mrs.Machado!” you yell, the rest of the group cheering. “Oh! I love this song! C’mon!” You are pushed out onto the dance floor with your best friends. “Get Low” by lil John played through the speakers, singing loudly as you swayed your hips.

“Ohhhh (Y/N)! He is totally eye-fucking you!” looking over at Wanda, who sends a nod to the tall blonde at the bar. The same blonde who bought the drink you were currently nursing. He winks. Being the only single friend in the group made this a common occurrence.

You smirk, pointing to him as he smirks. Pointing to himself, you nod, motioning him over. Pushing your drink into the hands of poor Allison who was just trying to nurse her own hands.

You take his hand, pulling him away from the group of girls. “You know it’s rude to stare” you smirk, he shrugs, hands on your hips as he pulls you into his chest. Back to his chest, you didn't hesitate to grind your hips against his.

You feel his chest rumble, his chuckle against your ear. “Not that I see you complaining Sugar'' resting your hands on top of his, you continuing to grind against him.

“Neither is he!” you smirk, he couldn’t even be embarrassed as he knew you referring to his hard length that continued to poke your ass.

Laura stopped on the last photo of the two of you, it looked like it was straight from a prono. “Oh” you nod, looking at her with a blush.

“I’m gonna assume that” Allison points at your shirt with a smirk, “is not yours”. The blush now made its way up your cheeks to your ears. “No,” shaking your head, you bite your lip.

“Allison owes me $20” Laura smirks, sitting down on the bed beside your best friends. You gasp, “You placed bets?!” the girls laugh. “I knew you’d go home with him, he couldn’t keep his hands off you” the night was coming back to Jake as he continued to sober up.

“Anyways” Wanda grins, “Get cleaned up and we’ll see you downstairs for brunch in an hour” you nod, smiling. “Okay, I’ll see you guys then” they all send you a wink on their way out of the door, you sigh as the door closes behind them.

“You can come out now” Jake makes his way from the bathroom. “They’re fun,” he smirks. You send him a glare, running a hand through your hair. “Sorry” he smiles. “What are we gonna do?” looking up at him, he can’t help but look you over.

You were gorgeous. The whole reason the night ended the way it did. “Well I have to head back to California in about 4 hours,” he admits, hand on his hips.

“California?” you ask as he nods, looking at you. “We’re from California” he chuckles, a weird coincidence. “Here” he picks his phone up from the floor, holding it out to you.

“Sounds like you will be busy so” he smirks, looking at the deadpand look on your face. “Give me your number and when we both have the time, we can see a lawyer” nodding slowly, you take the phone from his hands. Putting your number in, holding it back out to him.

“I did have a good time, from what I remember” he admits, sending you a quick text so you could save his own phone number. “It was also your idea to get married” gasping, you snap your head up to look at him.

“It was not!” you defend as he shakes his head, pulling his pants on. “It was Sugar” he smirks, hand on his hips.

He stood in just his pants, shirtless in your hotel room. He had a small tattoo on his pec, you just now noticed. “It’s my niece's handwriting,” he admits. You can’t help the smile that makes its way on your lips.

It was the only tattoo Jake Seresin put on his tanned skin.

You are getting yourself dressed, feeling him stare at you. “Can I help you?” he chuckles, “can I have my shirt?” he asks. You blush, unbuttoning the shirt to hold back out to him. “Thanks” you nod, turning back to him as you finish pulling the clothes from the night before back on.

“I’ll give you a call in like, a week or so?” he asks as you nod. “Uh, give me like a month, my best friend get’s married here in a few weeks” he nods, smiling. “No problem, I have a wedding myself” you smile, your own mind drifting to see him in a black tux.

“Okay” he makes his way to the door, “Jake” he stops, looking over his shoulder to you.

“Have a safe flight” he smiles, sending you another wink. “You too”

A week later, you received a text from Jake. You never expected to hear from him until he was ready for a lawyer.

UNKOWN: Hey, You make it back okay?

You had to admit, you originally didn’t want to save his phone number, but you decided then, it was best to save it. You had nicknames for everyone, it was a love language for you, Jake getting his own.

You smirk as you save the nickname “Hungman”, for obvious reasons.

YOU: I made it okay, how about you?

He smiled, he didn’t truly expect a response. He also saved a nickname for you in his phone, “Sugar” because you were just so sweet.

“Does it fit?!” Laura is knocking on the door, pushing it open to see you in the Lavendar dress she chose for you. “Oh, (Y/N) you look stunning!” smiling at her in the mirror, turning to face her. “Are you sure?” she nods, helping you out of the room. “I love it” you smile, spinning on the small platform.

The week was leading to wedding preparations for the soon to be Mrs.Machado.

Including dress fittings to be sure the dresses from two months ago still were perfect. “Why are you so smiley?” Allison asks, smirking. You shrug, looking at yourself in the mirror. “I bet she was texting Mr.Texas” Wanda smirks.

The group had given Jake his own nickname. “Jake just texted to make sure we all made it back okay” she coos, “how sweet,he was concerned about you” you smile. Maybe he was, you werent sure.

You didn’t want to look into it too much. The way you didn’t want to just yet take the delicate gold band off your left ring finger. They had yet to notice it, you found no harm in keeping it on for the next week.

“The man, the myth , the legend!” Coyote shouts, standing from the chair at The Hard Deck. Jake smirks, holding his hands out in pride. “I’ve arrived” he chuckles, hugging his best friend. “Did you have a good trip home?” Fanboy asks beside him as he sits down. He thinks back, the gold band sitting against his chest. He didn’t want to destory it with work, opting to put it with his dog tags.

“Of course I did,” he smirks. “Back just in time for the wedding” Javy sits across from him, handing him the beer. “Did you get laid?” Payback lets curiosity get the best of him. “Of course he did” his best friend answers for him, Jake smirks. “Bradshaw!” Jake looks up at the mention of Bradley, smiling at him and then his girlfriend, Wanda. “Sorry guys, I had to go pick her up” he smiles at the redhead beside him. She waves, sitting down beside Javy.

“Hey guys” her smile is warm. Jake knew that her and Bradley were made for the other. “I’ll go get drinks baby, I’ll be back” he kisses her head, walking to the bar. “How was the trip?” Coyote asks, she smirks. “So good! I will be going back to Texas again” she smiles, “I missed Brad though so” Payback gags from his seat.

“Stop” Fanboy slaps him. The group all have significant others except Hangman. Javy had his fiance Laura, Bradley had Wanda and Mickey had Allison. Payback had a girlfriend but it was far from being serious.

Phoenix and Bob both had already been married before even coming back to Top Gun. The group had yet to meet their spouses. “Here baby” Rooster sits back down, looking at the group.

“Cap” he nods to Jake, a smirk on his face as he sips his beer. Captain Jake “Hangman” Seresin. He smirks behind his own beer. “Rooster” Wanda smiles at Hangman and the rest of the aviators.

She’s leaning over beside Javy, showing him pictures of his soon to be wife and her friends. He feels his phone buzz in his pocket. Pulling it out, he can’t help but smile.

Sugar: I found this on my phone, thought you may like it.

Attached was a photo of the two of you, a selfie of cake frosting smeared on both of your faces. He smiles, hearting the photo and saving it to his camera roll.

He didn’t want to admit his “wife” was becoming just that to him.

His wife.

“What’s got you smiling?” Mickey asks, he shrugs. “Is it the girl you slept with?!” Jake sighs, looking at his group of friends. “You slept with somebody?” Rooster asks, as he nods. “I can’t say I’m surprised” he mumbles, Jake sending him a look.

“I did,” he nods, looking at his friends. “And you kept in contact with her?” Javy smirks, looking at his best friend. Well of course I did, we’re married is what he wanted to say, instead he smiles.

“I did,” the group cheers.

“Maybe the hangman is finally getting himself a lady!” he can’t help the blush that makes its way to his ears. The bar began filing in with the rest of the group's spouses, Laura first. “Gentleman” she smiles, sitting down beside Javy. Laura was also a pilot, just now an instructor at Top Gun. Then filed in Allison who sat beside Mickey.

Payback leaving to go pick up his new girlfriend Lily. “I think this is my que to go” Jake sighs, pulling cash from his pocket as he tosses it onto the table. “Oh Hangman” Laura shakes her head, frowning.

“You don’t have to go,” he shakes his head, standing from his seat. “I have some much needed sleep to catch up on” he lies through his teeth. He hated being the odd man out of the group.

He waved goodbye, making his way out of the hard deck, his mind drifting back to you. Pulling the phone from his pocket, he sighs at the text from Javy.

Javy: Don’t let it beat you up man, you will find that someone soon, maybe at the wedding!

The continuous buzzing of your phone causes you to groan.

You knew the minute that group chat was created it was gonna be nothing more than a headache.

Ally: I think (Y/N) should go on a date with Hangman.

Wanz: I agree! The poor guy left because he was the only single one.

Lars: He’s a really down to earth man (Y/N)! Once you get past the cocky exterior.

Y/N: Can you guys not play matchmakers right now? I did really hit it off with Jake, remember?

Ally: He's in Texas ! You never know, your soulmate is right there, in Hangster.

Wanz: Bradley said he really is nice and you guys would be so cute together.

You give up then, muting the notifications and tossing the phone back on the counter beside you. They meant well, knowing you just wanted to get back out there after your break up.

You groan at the buzzing of your phone again, picking it up ready to block whoever's number for the night.

Stopping short at the message, the ellipses follow.

Hungman: Goodnight, Is it weird to text you goodnight?

Another message following

Hungman: Thought that's what married couples do so why not?

You smile. Jake felt his chest tighten, he was thanking whoever above that you had read receipts on.

Sugar: Goodnight Jake, We did drunkenly get married remember? My idea apparently.

A smile on his lips, he replies quickly.

Hungman: I mean, I didn’t have to agree to it. You clearly wanted to marry me though. I mean look at me.

The ellipses follow a few times, going in and out before one final message.

Sugar: I remember now you felt that way about me Mr. ;). Goodnight.

The week was over before you could blink. Wedding prep was extremely stressful, in ways that made you happy to just be a bridesmaid.

“(Y/N)!” you fix the skirt on your body as you walk to the table, smiling at the group. “Bradley Bradshaw '' you smirk, kissing his cheek and making it around the table. Hugging the group as you sit down beside Allison and Mickey.

You loved the group of Aviators. Bradley was originally your friend first, then the group followed. “What is that?” Mickey asks, pointing to your hand. You look to where he was pointing, your heart dropped.

In the weeks you had been home from Texas, you did the very most to hide the wedding band. “(Y/N)” Javy’s voice is stern, looking at you with curious eyes. “What?” you say, pulling your hand off the table quickly. He’s faster, reaching over the table to stop you.

“Oh my god!” Wanda sits up in her seat. “You married Mr.Texas didnt you?!” she points, looking between the group. Slouching back in the seat, you pull your hand away from Javy.

“Mr.Texas?” Mickey asks, chuckling. “She met a guy in Texas, they left. I just assumed they slept together but-” Allison smirks, looking at you. “That's where you snuck off to! You guys got married!” She's laughing. “This is not about me” you speak up, looking at Laura. She smiles, winking at you.

“This is about in less than a week, these two” you point to Laura and Javy “will be married!”.

The conversation now shifted to the wedding. You felt your blood pressure finally even out. You knew you should’ve taken the ring off.

In the last two weeks you shared lots of photos and texts with your husband, well Jake. He shared his own photos, asking you about your day. It was all things you were not used to.

Dating in a place so full of Naval Pilots was hard, it was not your type as it was your friends.

Having enough Navy friends, you were shunned off piolts. The group continued mumbling between themselves as you sipped your wine. Your phone then rang, furrowing your brows as you pulled it out.

Why was he calling you? Standing, Bradley notices first. He takes the hand closest to him as you pass. “Where you goin?” he asks, a gentle smile on his face.

“Uh, Jake is calling me, I just want to make sure he’s okay” his brain calculated what you said, before he put together Mr.Texas was Jake. “Okay” he smiles, giving your hand a squeeze.

“I’ll be back” you smile, walking outside quickly. “Hello?” he sighs, “thank god”. You frown, “Jake are you alright?” he smiles.

“Yeah, I just wanted to hear your voice” he admits, you can’t help the smile that grows on your lips.

“You know I am having dinner with my friends tonight” he chuckles. “I know I got the photos you sent, I just- I don’t know I wanted to say hi” he smiles.

He didn’t want to admit that he was starting to feel things for you. “Jake” you chuckle, looking in the window at your friends, none the wiser.

“I just wanted to talk to my wife” your heart starts beating harder in your chest. “You wanted to talk to your wife huh?” he smirks, it sounded even better when it came from your lips. “Yeah, I just want to say” he clears his throat.

“Have a fun evening, please text me once you make it home” you chuckle. “That's very Husband-y of you” he smirks. “I am a husband, your husband” you blush.

“Okay Mr.Seresin, I will text you when I get home” he smirks, “I also sent you some money if you need, Mrs.Seresin” it felt odd, but in a good way as legally, you were Mrs.Seresin.

“Jake,” he scoffs. “Nope, as a husband I am taking care of my wife, now go have fun” he blows a kiss over the speaker, hanging up before you can protest. You sigh with a smile. Typing out a quick text.

Sugar: Thank you, Husband. I appreciate you <3.

He can’t help the grin on his lips, looking over the text. He wouldn’t hate the idea of actually being a husband. The lawyer was the last thing on his mind. Making your way back inside, smiling at the text.

Hungman: No problem, Wife. Have a fun evening, talk later <3.

Wedding day had finally arrived, looking around the room, you sigh. “Where the hell is Laura?” you ask, standing in the suite with Allison and Wanda.

“I have no idea” you sigh, shaking your head. You knew she was not getting cold feet. “I’ll be right back” shutting the door behind you, you walk down the hallway with the bottom of your dress in hand.

Turning the corner you stop. Javy and Laura, both standing on the patio together. You clear your throat, both looking like deer in the headlights.

“This is not tradition” you say, arms crossed and brow raised. “I’m sorry” Laura smiles, hand locking with her now soon to be husband.

“Get back in the room, you have to get ready” she nods, kissing Javy one last time before she’s pushing past you.

Following her down the hallway as she got steps ahead of you. “Can’t believe you pulled me away from my husband” she gruffs, jokingly of course as you smile behind her. “I’m sorry miss, “I want a traditional wedding’” you throw the air quotes out to her.

She shakes her head, pushing into the room accompanied by the rest of your friend group and parents.

“I’ll be right back” you send her a reassuring smile, walking away from the room. It was hitting you a lot harder today that you were again only a bridesmaid and never a bride.

You tried hard not to mess up the makeup the lovely artist did trying to avoid the tears rolling down your cheeks. In the process, you don't notice the person in front of you, running into a hard chest. Soft hands catching you from falling, “woah there”.

Your whole body tenses, you knew that voice.

You look up to meet the same green eyes you had been thinking about for weeks. “Jake?” his hands remain on your shoulders. “(Y/N)?” his voice going up an octave in surprise.

“What are you doing here?” you ask as he looks you over, the lavender dress looks beautiful on you, “why are you crying?”.

You sniffle, shaking your head, “no answer my question first” he chuckles at your stubbornness. "My best friend is getting married today to his fiance, Laura” you gasp.

“Oh my god” you move from his arms, chuckling. “You are Hangman!” you point as his smirk grows wider.

“Javy’s best friend from top gun, oh my god” he nods sucking his teeth as he shoved his hands into the pockets of his suit. “You are Laura’s best friend” you nod, looking at him.

“What the fuck” you whisper, more to yourself than him. “I did not put this together” he nods, walking closer to you.

“Wanda and Allison tried setting me up with you” the words flow faster than you can process you are saying them as he laughs, a full belly laugh.

“Did you tell them that I am already your husband?” he asks as he then notices the ring on your left hand as it's brushing your cheeks. “No, I didn’t because I had no idea you were the same person” you chuckle, shaking your head again.

“I’m happy to see you,” he admits, looking at you. Looking back at him, you finally take him in, the black suit against the lavender shirt he wore under, bowtie tied neatly.

He looked as good as he did the last time you saw him in person. He smiles under your gaze, “I’m happy to see you too” . It's soft but in the large corridor it wasn’t hard to miss.

“Hey (Y/N)-” Bradley stops short at the end of the hallway, looking between you and Hangman. “Hangman, what did you do?” he starts making his way down the hall to get closer to you. Moving to stand in front of Jake, you stop Bradley.

“Bradley” he stops, looking between the two of you.

“Hangman is Jake” Bradley nods, looking between the two of you, “yes his name is Jake, what does that have to do with what is going on?” you shake your head, chuckling.

“Mr.Texas?” you ask, Bradley stops for a few seconds before he is chuckling. Jake slips a hand to rest on your hip, looking between you and his now friend. “She was the girl you slept with in Texas?!” He points to you, looking at Hangman.

Jake nods, looking at him with a sheepish smile, “Yes”.

“Oh my god, I can’t believe out of all the people in Austin Texas you married Hangman!” he laughs with a shake of his head. “Can I just say something?” you ask, between both aviators.

“One, I had no idea he was in the Navy until about five minutes ago. Second, he was just Jake in Texas, a southern gentleman” you look at Jake over your shoulder, he smiles down at you.

“Did he get me in his bed and marry him? I mean yes but I am also a grown woman, I had no idea he was the Hangman that you all talk about” Bradley nods slowly.

“I’m still in shock,” you admit, looking between them. “You have to tell the girls,” Bradley smirks, looking at you. “I vouched for you and everything Hangman!” he laughs at his friend, who furrows his brows.

“The text said, and I quote “Bradley says he really is nice and you guys would be so cute together” so I mean he did” you say, nodding between the two of them. “Had I known you already went out and put a ring on it” Bradley mumbles with a grin.

“How did I not recognize the girls' voices when they were in the hotel room?” he asks as you shrug. “We were hungover and barely remembered how we ended up there,” he nodded with a laugh.

“Okay point taken” you smile, looking between your two friends. “Well anyways, Hangman we are being summoned by the groom” Bradley smiles, “I’ll see you two later” he smirks, laughing as he makes his way back down the hall.

You turn to face Jake with a smile. “Mr.Texas?” he asks, hands resting on your waist. You laugh, nodding, “The girls all nicknamed you Mr.Texas, I reminded them time and time again you were Jake”.

He smiles, looking at you. “Go” you whisper, resting your hand on his arm. “I will see you later okay?” he nods, leaning down to kiss your cheek.

“I’ll see you later, Mrs.Seresin” he winks, walking back down the hallway the same way Bradley did.

He doesn’t miss the blush on your cheek. With a deep breath, you make your way back to the bride's suite.

“There you are!” Laura is grinning, holding a hand out to you. “Sorry, I’m here” you make your way to her, taking her hand.

“I want to tell you something” she’s whispering, looking at you.

“What is it?” you ask, squeezing her hand. “I never thought I would be here, marrying such an amazing man” she’s holding back tears as she continues, “I never thought I’d have such amazing friends like I do you and the group, I want you to know first” she’s grinning.

You nod, reaching out to wipe a tear from her face, “I’m having a baby”.

You grin, tears making their way to your eyes. “And I want you to be their god mother, Javy has already decided to ask Hangman to be godfather” you grin, both at the mention of Hangman and of the baby. “I’m honored” you smile, pulling her into a tight hug.

The wedding kicked off smoothly. You stood beside your best friend, watching as she married the love of her life. Doing your best to avoid crying, failing as they shared vows. You look up from the bouquet in your hand, Jake winks at you from his spot beside Javy. You blush, looking back at the couple.

“I now pronounce you, Mr and Mrs Machado!” the priest cheers as everyone follows suit. Jake waited so he could walk the aisle with you.

Following his best friend as he held an arm out to you. You move beside him and you link your arm through his, following the train of Laura’s dress.

Bradley smirks from his spot at the altar watching the scene in front of him as he was the only one to know.

He’s then looking at his own girlfriend as if she held the world. Following them outside, standing beside the rest of your best friends as you are throwing flower petals at the couple with cheers.

“See you all at the reception!” Javy grins, helping his now wife into the car, following after her.

“Wanna ride with us?” Mickey asks from beside you, smiling. Jake’s hands make their way back to your waist, shaking his head. “I got her” you smile at the look on Mickey's face, looking between the two of you.

“I’ll ride with Jake” you take his hand off your waist, lacing your fingers together. “Okay” He trails off, following Allison as she paid none the wiser of what was happening behind her.

“I now welcome you, Mr. and Mrs. Javy Machado!” you grin, cheering beside your friends as Laura and Javy make their way into the reception.

Laura looked gorgeous in the dress she chose. Jake beside you as he grins at his best friend. He was happy for them, even more happy having you beside him. You look up at the feeling of a hand on your arm, smiling at Wanda. “We need to talk” you frown, looking at her.

“Are you okay?” you ask, now turning to your best friend. She nods, smiling. “Hi Hangman” he nods, sending her a smile.

“Wanda” he nods and makes his way from the two of you to join his group of friends. You watch as he congratulates his friends, not missing the smile he shared with Laura.

“It’s Hangman?!” she’s whisper-yelling. “Huh?” you look back at Wanda, Allison on her way to join you. “Mr. Texas was Jake Seresin?!” she whispers a grin on her face. You blush, looking at your friends.

“What?!” Allison asks from beside Wanda, looking at you. “Yes, Jake is Mr.Texas aka Hangman” you look at them with a blush. “I can not believe this” Allison is laughing, watching you. “I can’t believe we tried setting you up and he already put a ring on it!” you laugh.

“Don’t be mad, Bradley told me” Wanda says, hand on your arm. Shaking your head, you smile. “I planned on telling you, I just haven’t told Laura because well it’s her day” you say, cutting short at the mention of your friend.

“What haven’t you told me?” she asks, glass in her hand.

“(Y/N) married Hangman!” you gasp, looking at Wanda.

“What?!” Laura is looking between you and back over at Jake, who stood with her husband. “Mr.Texas?!” she asks as you nod. “It all makes sense now, I mean sure Jake is a common name but in Austin Texas” she grins. “How did we not recognize him?” Laura asks the group, they shrug, “We were drunk and it was dark” Wanda says, they all laugh.

Making it through the crowd, you approach the group of Aviators. “Gentleman” you smile, looking between them, looking at Javy. “Javy, Congratulations” you smile as he pulls you into a tight hug.

You had grown close to Javy as he was like your big brother. “Thank you (Y/N/N)” you smile, moving back to stand beside Jake who doesn’t hesitate to wrap an arm around you.

“Am I missing something?” Javy asks, looking between the two of you. “They’re married!” Bradley yells from behind him with a smirk.

“What?!” he looks at his best friend, who grins. “I am indeed Mr.Texas” Jake laughs at the nickname, looking at his friend. “And I am the mystery texas girl” you are also laughing.

"Oh my god!" Javy is laughing, hand on his stomach as he looks between the two of you. "And all this time Laura has been trying to set the two of you up!" he points out as his wife joins his side with a grin. "I mean I did if you think about it" the two Machado's grin.

“Are you gonna stay married?” the question was loaded, in the weeks since you returned to San Diego neither you or jake thought about divorce.

“I don’t know” you say, looking up at the man beside you. “We'll see” you wink, moving from his grip and making your way back over to your friends. “I can not believe you two are married and I-” Javy furrows his brows.

“I never saw your ring! None of us did” Jake grins, holding his left hand up, “I wore it on my tags, didn’t want to ruin it, but I whipped it out for today” he shrugs as he sips the beer in his hand.

The reception continued on with drinks, laughs and speeches. The group all found out slowly you were indeed married to the captain of the squad.

Standing on the balcony of the venue, you close your eyes and take in the breeze.

“You know the party is not out here” you smile, the southern drawl making itself known now that he was a few drinks in. “I know” standing from the railing, you turn to face him.

He smiles, his suit jacket now discarded, now just the lavender button up. “I needed a few minutes,” you admit, looking at him.

He nods, moving to stand beside you. “Can I ask you something?” he asks, looking over at you.

Nodding, he continues. “Do you want to get divorced?” biting your lip, you shrug. “I don’t know,” you admit.

“I don’t” he admits sipping from the beer in his hands.

“What?” you look over at him, looking over his face. “I think I'd like to see where we can go,” he admits. You blush, looking away from him, “Oh” your voice is soft.

“I don’t know, something feels right, it has for the last few weeks” he’s spilling now, he realizes.

“In the nights that we talked, the texting, the photos” he shrugs, looking down at you. “I can’t help but think maybe we could make this marriage work,” he smiles. You bite your lip, nodding slowly.

You had the same feelings, but in the group of your friends you knew the reputation Hangman held.

“Are you ready to be tied down to someone, let alone me?” you ask, he chuckles.

“I haven’t looked another woman's way since you” he admits, looking at you.

“Really?” you ask as he nods. “I realize now what you’ve heard about me, how I sleep around and all but” he shrugs, moving closer to you.

“I am a simple man. I want a wife and a life with someone I love” you look up at him as he continues. “Now, did our marriage start traditionally? Of course not. I want to build it” he smiles, hand reaching out to cup your cheeks. “I want to take you on dates and woo you, be the husband you deserve” leaning into his hand, you kiss his palm.

“I won't lie I didn’t expect you to lay it on so thick” you grin. He chuckles, looking at you.

“What do you say Sugar?” he asks, his voice now deeper and accent thicker.

You nod, leaning up to connect your lips to his. Taking him by surprise as he doesn't kiss back at first but within seconds, kissing you again.

He’s pulling you against his body, hand on the back of your head to pull you and your lips closer. As you kissed him, you realized two things.

Laura was so smart for picking Austin for her bachelorette party. And when you left Texas, you left half your heart there.

The smooth talking green eyed pilot taking a piece of your heart and holding it with him. Traveling back to California with him, and holding it close as he himself was close.

“Can I take you out officially?” he asks softly, "soberly, of course" he nudges your nose. “I think that can be arranged,” he smirks, kissing you again.

God did you love Texas.

Authors Note part II: I must admit I don't think this is my best work but I think the story is good and kind of hallmark-y? But lawd! did anyone see this fic going where it did? let me know your thoughts! of course, likes, reblogs and comments are always welcomed!

and of course, if you liked this fic you can find more of my work in the library here

⇾ The Library

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