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K1. . Short Answer. Suppose We have a measure of idiosyncratic volatility (IVOL) for each stock each month. a) Design a test of the IVOL

K1. . Short Answer. Suppose We have a measure of idiosyncratic volatility (IVOL) for each stock each month. a) Design a test of the IVOL premium using the Fama-Macbeth approach. b) What is the theor...

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