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You run a regression for a stock's return on a market index and find the following Excel output: The characteristic line for this stock is
You run a regression for a stock's return on a market index and find the following Excel output: The characteristic line for this stock is Return(stock) = Return(market). 4.05/1.32 15.44/0.97 0.35/0.12 0.26/1.36
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