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Empirical studies evaluating the ability of the CAPM to predict and/or explain returns of US equities, indicate that the CAPM explains about of asset returns

Empirical studies evaluating the ability of the CAPM to predict and/or explain returns of US equities, indicate that the CAPM explains about of asset returns O 98-99 O10-20 80-90 1-29 O 0%

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