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Begin by answering whether the following statement is true or false. If you think a statement is false, explain your answer in ONE or TWO

Begin by answering whether the following statement is true or false. If you think a statement is false, explain your answer in ONE or TWO SENTENCES. If you think a statement is true, no explanation is required.]

If the CAPM holds, the arithmetic average beta of all the assets in the market is 1.

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