Question
7. Which of the following does the CAPM not assume? Markets are efficient Investors do not face brokerage fees The market portfolio is mean-variance efficient
7. Which of the following does the CAPM not assume?
Markets are efficient
Investors do not face brokerage fees
The market portfolio is mean-variance efficient
There is a negative relationship between undiversifiable risk of a stock and the return on the stock
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley
12th Edition
1439044473, 978-1439044476
