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According to the CAPM, in equilibrium all securities' returns must lie on the security market line all securities' returns must lie below the capital market

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According to the CAPM, in equilibrium all securities' returns must lie on the security market line all securities' returns must lie below the capital market line the slope of the security market line must be less than the market risk premium any security with a beta of 1 must have an excess return of zero

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