13. Abnormal returns (S12.3) Here are alphas and betas for Este Lauder and Caterpillar Tractor for the
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13. Abnormal returns (S12.3) Here are alphas and betas for Estée Lauder and Caterpillar Tractor for the 60 months ending June 2017. Alpha is expressed as a percent per month.
Alpha Beta Estée Lauder 0.48 0.70 Caterpillar Tractor
−0.41 1.26 Explain how these estimates would be used to calculate an abnormal return.
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Related Book For
Principles Of Corporate Finance
ISBN: 9781264080946
14th Edition
Authors: Richard Brealey, Stewart Myers, Franklin Allen, Alex Edmans
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