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What does the capital asset pricing model ( CAPM ) calculate? The expected rate of return of an individual stock with respect to the risk

What does the capital asset pricing model (CAPM) calculate?
The expected rate of return of an individual stock with respect to the risk-free rate of return.
The expected rate of return of an individual stock with respect to its market risk only.
The expected rate of return of an individual stock reflecting its financial risk.
The expected rate of return of an individual stock based on its overall risk.

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