Question
CAPM has two implications on cross-sectional returns: Apart from the market beta, what characteristics should explain average returns in the cross section in the CAPM?
CAPM has two implications on cross-sectional returns: Apart from the market beta, what characteristics should explain average returns in the cross section in the CAPM?
Do these two predictions hold in the data?
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Personal Finance
Authors: E. Thomas Garman, Raymond Forgue
8th Edition
0618471421, 9780618471423
