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Q1. Answer the following parts about Amihud Illiquity Ratio: a. Forumla? b. Intrepretation? (how do you intrepret the Amihud Illiquity measure?) c. What is the

Q1. Answer the following parts about Amihud Illiquity Ratio:

a. Forumla?

b. Intrepretation? (how do you intrepret the Amihud Illiquity measure?)

c. What is the relation between this measure and stock and market returns?

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