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3. (10 points) Discuss why Fama and French developed a three-factor CAPM. Why did they add an additional two variables to the original CAPM?
3. (10 points) Discuss why Fama and French developed a three-factor CAPM. Why did they add an additional two variables to the original CAPM?
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Private Equity Value Creation Analysis Volume I
Authors: Michael David Reinard
1st Edition
1736077821, 978-1736077825
