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Textbook (Financial Management, Theory & Practice, 16 Ed., ISBN: 978-1-337-90260-1): Now put yourself back in March 2020. If investors become more risk-averse owing to business

Textbook (Financial Management, Theory & Practice, 16 Ed., ISBN: 978-1-337-90260-1): Now put yourself back in March 2020. If investors become more risk-averse owing to business closures and possible severe recession resulting from Coronavirus effects, then what will happen to the stock prices and returns demanded by rational investors according to the Capital Asset Pricing Model (CAPM) (see for example Figure 6-11)? Between technology stocks and Airline stocks, which stocks would be more negatively affected by the Coronavirus episode in the earlier part of the pandemic according to Figure 6-11? Explain.

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