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Consider CAPM. The alpha of a stock is 2%. The return on the market index is 16%. The risk-free rate of return is 5%. The
Consider CAPM. The alpha of a stock is 2%. The return on the market index is 16%. The risk-free rate of return is 5%. The stock earns a return that exceeds the risk-free rate by 11%. The ? of the sto...
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