Question
1) You run a regression of a stock's returns versus a market index and find the following: Coefficients Lower 95% Upper 95% Intercept 0.789 -1.556
1) You run a regression of a stock's returns versus a market index and find the following:
|
| Coefficients | Lower 95% | Upper 95% |
| Intercept | 0.789 | -1.556 | 3.457 |
| Slope | 0.890 | 0.6541 | 1.465 |
Please interpret the above results in the context of CAPM.
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Public Finance Theory And Practice
Authors: M. Marlow
1st Edition
0030969603, 978-0030969607
