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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