(c) What does it mean when score 0, and what does it imply for the conditional...
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(c) What does it mean when score 0, and what does it imply for the conditional excess expected return? What would the regression coefficient ˆδ be equal to if this were true?
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Related Book For 
Quantitative Equity Portfolio Management
ISBN: 9780071459396
1st Edition
Authors: Ludwig B Chincarini, Daehwan Kim
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