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L.It covers risk Hl. It den be applied to all companies IM. It controls for risk-return relations Which one of insights above is (are) reason(s)

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L.It covers risk Hl. It den be applied to all companies IM. It controls for risk-return relations Which one of insights above is (are) reason(s) for using CAPM as a common approach to estimate the cost of equity. Only Only I and I Only Il and I Liland 111 Only

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