Question: Using data only from 19911995, redo Example 5.9. Which differs more from the answer given in Example 5.9: the expected return estimated by averaging the

Using data only from 1991–1995, redo Example 5.9. Which differs more from the answer given in Example 5.9: the expected return estimated by averaging the quarterly returns or the expected return obtained by estimating beta and employing the risk-expected return equation? Why?

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