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Which of the following should have the highest expected risk premium under the CAPM framework? A) A stock with a beta of 1.96 B) A

Which of the following should have the highest expected risk premium under the CAPM framework?

A) A stock with a beta of 1.96

B) A portfolio of stocks with a portfolio beta of 1.25

C) A six month T-Bill

D) An S&P 500 ETF

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