20. Risk and Return. According to the CAPM, would the expected rate of return on a security...

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20. Risk and Return. According to the CAPM, would the expected rate of return on a security with a beta less than zero be more or less than the risk-free interest rate? Why would investors be willing to invest in such a security? (Hint: Look back to the auto and gold example in Chapter 11). (LO2)

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Fundamentals Of Corporate Finance

ISBN: 9780073382302

6th Edition

Authors: Richard A Brealey, Stewart C Myers, Alan J Marcus

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