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Asset V's SIM alpha is equal to zero. Which of the following must be true? Asset V was correctly priced according to CAPM over the

Asset V's SIM alpha is equal to zero. Which of the following must be true?

Asset V was correctly priced according to CAPM over the sample period.

Asset V is risk-free.

Asset V's average return over the sample period was equal to the risk-free rate.

Asset V has zero firm-specific risk.

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