Question
if capm holds, which of follwoing is wrong? 1. expected return of any investment asset with a negative beta is lower than the risk free
if capm holds, which of follwoing is wrong?
1. expected return of any investment asset with a negative beta is lower than the risk free rate
2. all investment assets should on average have the same value for Treynor's measure
3.all investment assets should on average have the same value for Sharpe Ratio
4. All alphas should on average be equal to zero
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Interpreting And Analyzing Financial Statements
Authors: Karen P. Schoenebeck
3rd Edition
0130082163, 9780130082169
