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A SINGLE-INDEX STOCK MARKET Example (continued) A SINGLE-INDEX STOCK MARKET Example (continued) What is the characteristic line of XYZ ? Does ABC or XYZ have
A SINGLE-INDEX STOCK MARKET Example (continued) A SINGLE-INDEX STOCK MARKET Example (continued) What is the characteristic line of XYZ ? Does ABC or XYZ have greater systematic risk? What proportion of the XYZ is firm-specific risk
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