The index model was estimated for three stocks and the results are as follows: alpha estmate s.e. for beta alpha estimate s.e, for estimate beta estimatestandard estimate for error deviatiorn 0.5 0.4 0.3 0.9 stock 1 stock 2 stock 3 0.05 0.04 0.02 0.02 0.03 0.04 0.3 0.7 0.5 Are the estimates consistent with the prediction of the capital asset pricing model? The index model was estimated for three stocks and the results are as follows: alpha estmate s.e. for beta alpha estimate s.e, for estimate beta estimatestandard estimate for error deviatiorn 0.5 0.4 0.3 0.9 stock 1 stock 2 stock 3 0.05 0.04 0.02 0.02 0.03 0.04 0.3 0.7 0.5 Are the estimates consistent with the prediction of the capital asset pricing model