Question
Which of the following is not considered a difficulty with regards to the CAPM? Investors risk preferences are not observed. Expected returns are not observed.
Which of the following is not considered a difficulty with regards to the CAPM?
Investors risk preferences are not observed.
Expected returns are not observed.
The market proxy is not correct.
Betas are not observed.
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Personal Finance
Authors: Jane King, Mary Carey
2nd Edition
0198748779, 9780198748779
