Question
Fill in the blank: according to CAPM, assets with ________ betas have _________ expected returns because betas quantify the degree of __________ risk. Higher; higher;
Fill in the blank: according to CAPM, assets with ________ betas have _________ expected returns because betas quantify the degree of __________ risk.
Higher; higher; systematic
Higher; lower; systematic
Higher; higher; unsystematic
Lower; lower; unsystematic
Lower; higher; unsystematic
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
