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(Chapter 7) Rudolph bought shares of stock QZX on 12/31/2019. He uses the CAPM and estimates that the risk-free rate is 2%, the market risk

(Chapter 7) Rudolph bought shares of stock QZX on 12/31/2019. He uses the CAPM and estimates that the risk-free rate is 2%, the market risk premium is 10% and the CAPM beta for stock ZYX is 1.4. In the year 2020, the return for stock QZX was -10% and the return for the market portfolio was also -10%. Would you say that Rudolph demonstrated positive skill, negative skill, or no skill, in choosing to buy QZX? Why?

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