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Security's expected return = risk-free rate + beta for security (market portfolio expected return - risk-free rate) is the CAPM, and the term described within

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Security's expected return = risk-free rate + beta for security (market portfolio expected return - risk-free rate) is the CAPM, and the term described within the parentheses is called the "Market Pisk Premium." What is an appropriate estimate for the Market Risk Premium according to historical data? 3% 5% 7% 9%. 11%

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