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The empirical SML is too flat relative to what CAPM predicts.Researchers have focused on which two possible explanations?I - Leverage aversionII - Lottery preferenceIII -

The empirical SML is too flat relative to what CAPM predicts.Researchers have focused on which two possible explanations?I - Leverage aversionII - Lottery preferenceIII - Myopic loss aversionIV - 2 answers

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