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The security market line (SML) equation or CAPM can be used to find the fair return on which of the following securities? Individual stocks Mutual
The security market line (SML) equation or CAPM can be used to find the fair return on which of the following securities?
Individual stocks | ||
Mutual funds and ETFs | ||
Efficient portfolios which include market portfolio | ||
Individual stocks, efficient portfolios, and non-efficient portfolios. | ||
None of the above |
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