a. What is the implication of the empirical SML being too flat? b. Do high- or low-beta

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a. What is the implication of the empirical SML being “too flat”?

b. Do high- or low-beta stocks tend to outperform the predictions of the CAPM?

c. What is the implication of the estimate of γ2?.

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ISE Investments

ISBN: 9781260571158

12th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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Question Posted: Mar 13, 2024 05:00 AM

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a. What is the implication of the empirical SML being too flat? b. Do high- or low-beta

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ISE Investments

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