Exam (elaborations)
FINA 363 FINAL EXAM 2023 WITH 100% CORRECT ANSWERS
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What does CAPM do? correct answersCharacterizes equilibrium rates of return. describes risk-return relationship for individual assets. Empirical tests of CAPM show: large stocks and growth stocks (low book-to-market ratios) earn... correct answerslower returns than predicted by CAPM. Empirica...
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