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During the past week, why did the Dow (DJIA) rise or fall in terms of market specific risk? During the past week, why did a

  1. During the past week, why did the Dow (DJIA) rise or fall in terms of market specific risk?
  2. During the past week, why did a particular component (company) of the Dow (DJIA) rise or fall due to a change in a company-specific risk?
  3. Based upon the content in Topic 2, why is the Capital Asset Pricing Model (CAPM) possibly less useful for smaller companies (size effect) in light of the Efficient Market Hypothesis?

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