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Which of the following portfolios has/have generated positive CAPM alphas? Choose all correct answer(s). (refer to Figure 4 and Figure 5 in the lecture notes).

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Which of the following portfolios has/have generated positive CAPM alphas? Choose all correct answer(s). (refer to Figure 4 and Figure 5 in the lecture notes). Small stocks (portfolio 1 in Figure 4). Big stocks (portfolio 10 in Figure 4) Growth stocks (portfolio 1 in Figure 5). Value stocks (portfolio 10 in Figure 5)

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