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Discuss the use of alpha and beta (CAPM) in securities analysis; and which estimate is more important for the investor? (15 marks) What is business

  1. Discuss the use of alpha and beta (CAPM) in securities analysis; and which estimate is more important for the investor? (15 marks)
  2. What is business cycle? Determine the stage of business cycle for the current global economy and suggest which type of stock(s) to invest. (10 marks)

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