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Question 20 (15 points) A) What is the risk premium of a zero-beta stock? Explain your answer. B) Can you can lower the volatility of

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Question 20 (15 points) A) What is the risk premium of a zero-beta stock? Explain your answer. B) Can you can lower the volatility of a market portfolio without changing its ex- pected return by substituting out any zero-beta stock in a portfolio and replac- ing it with the risk-free asset? Explain your

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