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Security X has a rate of return of 13% and a beta of 1.15. The risk-free rate is 5%, and the market expected rate of
Security X has a rate of return of 13% and a beta of 1.15. The risk-free rate is 5%, and the market expected rate of return is 15%. According to the capital asset pricing model, we should buy X or sell X? Please write your steps
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
