The capital asset pricing model is given by

R-R_(f)=\\\\alpha +\\\\beta (R_(M)-R_(f))+\\\\epsi

, where

R_(M)=

expected return on the market,

R_(f)=

risk-free market return, and

R=

expected return on a stock or portfolio of interest. The explanatory variable in this model is\ Multiple Choice\

R

\

R-R_(f)

\

R_(M)

\

R_(M)-R_(f)

The capital asset pricing model is given by RRf=+(RMRf)+, where RM= expected return on the market, Rf= risk-free market return, and R= expected return on a stock or portfolio of interest. The explanatory variable in this model is Multiple Choice R RRf RM RMRf