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Use the beta of a firm that goes up on average by 9% when the market goes down and goes down by 3% when the

Use the beta of a firm that goes up on average by 9% when the market goes down and goes down by 3% when the market goes up to estimate the expected return of its stock. How does this compare with the stock's actual expected return? The beta of the stock is enter your response here. (Round to two decimal places.) Part 6 The expected return of the stock is enter your response here%. (Round to two decimal places.) Part 7 Does the CAPM hold in this case? Yes No . (Select from the drop-down menu.)

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