1 12 IBM has a higher Rthan Fidelity fund. 4 15 Question 24 (3 points) Assume you are going to apply the CAPM over a 1-year time horizon. What is the stope of the SML? Historical returns (1926-2014) Large Common Stock 12.1% U.S.T-BTS 7 18 3.5% 0 21 15.6% 3 24 8.6% 6 27 3.5% 9 30 12.1%