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According to the CAPM (capital asset pricing model), what is the single factor that explains differences in returns across securities? the expected risk premium on
According to the CAPM (capital asset pricing model), what is the single factor that explains differences in returns across securities?
| the expected risk premium on the market portfolio |
| the beta of the market index |
| the expected return on the market portfolio |
| the volatility of a security |
| None of the above |
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