Question
Q12. (9 marks) Are the following true or false? Explain. a) Stocks with a beta of zero is equivalent to a risk-free asset. b) The
Q12. (9 marks) Are the following true or false? Explain.
a) Stocks with a beta of zero is equivalent to a risk-free asset.
b) The CAPM implies that investors require a higher return to hold highly volatile securities.
c) You can construct a portfolio with any beta by investing in T-bills and market portfolio.
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Fundamentals Of Futures And Options Markets
Authors: Jonn C. Hull
8th International Edition
0133382850, 9780133382853
