Question: Show that the standard CAPM should hold even if short sales are not allowed. R,-0.04 +0.106,

Show that the standard CAPM should hold even if short sales are not allowed.

Show that the standard CAPM should hold even if short

R,-0.04 +0.106,

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To be rigorous one should use the four KuhnTucker conditions shown in Appendix ... View full answer

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