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You ran a regression of monthly returns on Company X against monthly returns on the S&P 500 over the past 5 years and have the

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You ran a regression of monthly returns on Company X against monthly returns on the S&P 500 over the past 5 years and have the following output: Return on Company X= -0.0033+1.0983 (Rm) The standard error of the beta estimate is 0.1456 and the R squared is 0.4997. The average T-Bond rate over the past 5 years was 2.35% The firm performed better than expected during the regression period. This statement is: True False

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