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The ____ the beta coefficient the ____ the expected return, on average. a. higher; higher b. higher; lower c. lower; higher d. lower; lower or
The ____ the beta coefficient the ____ the expected return, on average.
a. higher; higher | ||
b. higher; lower | ||
c. lower; higher | ||
d. lower; lower or higher (depending on the level of the risk-free rate) | ||
e. None of the above |
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