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4. According to the CAPM, a risky security can have a required return less than the risk-free rate: a) If the security has a positive
4. According to the CAPM, a risky security can have a required return less than the risk-free rate: a) If the security has a positive alpha. b) If the security has a negative beta. Provided the security's specific risk is less than its systematic risk. Never a risky security cannot have a required return less than the risk-free rate. e) None of the above is correct
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