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Fill in the blank: The CAPM accounts for........ risk to identify expected return - which is risk that is common to all assets Firms and

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  1. The CAPM accounts for........ risk to identify expected return - which is risk that is common to all assets
  2. Firms and industries have........risk - risk that is asset specific
  3. In order to price an individual asset using the CAPM we make the assumption that we will........

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