5.16. Using data only from 19911995, redo Example 5.9. Which differs more from the answer given in...
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5.16. Using data only from 1991–1995, redo Example 5.9. Which differs more from the answer given in Example 5.9: the expected return estimated by averaging the quarterly returns or the expected return obtained by estimating beta and employing the risk-expected return equation? Why?
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Financial Markets And Corporate Strategy
ISBN: 9780071157612
2nd Edition
Authors: Mark Grinblatt, Sheridan Titman
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