6. Using the data from Problem 5, assume the model is now an Industry Index Model where...
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6. Using the data from Problem 5, assume the model is now an Industry Index Model where Il = I and is now an industry index. Assuming that firms A and B are in the same industry, calculate the covariance of returns.
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Modern Portfolio Theory And Investment Analysis
ISBN: 9780471007432
5th Edition
Authors: Edwin J. Elton, Martin Jay Gruber
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