Question: 1. Question 8 Now run a cross-sectional regression. Explain the wholesample average excess returns of each stock by the wholesample average MARKETCAP of each

1. Question 8 Now run a cross-sectional regression. Explain the wholesample average

1. Question 8 Now run a cross-sectional regression. Explain the wholesample average excess returns of each stock by the wholesample average MARKETCAP of each stock and the estimated beta (from Question 5). What do you find? Assume statistical significance is indicated by a t-statistic below -2 or above 2. Select every answer that corresponds with your findings.

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