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Is there an arbitrage opportunity? What is it? Analyze it graphically. Suppose security returns in an economy can be explained by the following model, R_1

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Is there an arbitrage opportunity? What is it? Analyze it graphically.

Suppose security returns in an economy can be explained by the following model, R_1 = alpha_1 + beta_1 R_m + e_1, where R_1 is the excess return for security i and R_m is market's excess return. The risk free rate 2%. Suppose that there are three securities with the following details

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