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5. Is the security market line constant over time? Why or why not? 6. What would be the effect of the following changes on the

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5. Is the security market line constant over time? Why or why not? 6. What would be the effect of the following changes on the market price of a company's stock, all other things the same? a. Investors demand a higher required rate of return for stocks in general. b. The covariance between the company's rate of return and that for the market decreases

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