Which of the following are assumptions of the Capital Asset Pricing Model (CAPM)? Check all that apply. There are no taxes. All investors focus on a single holding period. Asset quantities are given and fixed. Asset quantities aren't fixed. Consider the equation for the Capital Asset Pricing Model (CAPM): ri = TRF + (M-PRF) X Cov(n,r) OM Options for: bi -0.30 In this equation, the term (M - PRF) represents the market's excess return additional return offered by a stock to induce investment average return Suppose that the market's average excess return on stocks is 12.00% and that the risk-free rate is 3.00%. Complete the following table by computing expected returns to stocks for each beta coefficient using the Capital Asset Pricing Model (CAPM): 15.00 9.00 -0.60 0.50 bi -0.30 Return to Stocks (%) -0.60 9.00 15.00 1.00 0.50 1.00 9.00 5.00 15.00 63.00 5.00 0 1 Based on the CAPM and your calculations for the return to stocks, what does it mean when the coefficient b;