Question: An unexpected return is a return which: a.falls on the security market line when graphically represented. b.occurs only if the markets are inefficient. c.always results

An unexpected return is a return which:

a.falls on the security market line when graphically represented.

b.occurs only if the markets are inefficient.

c.always results in an investor earning less than anticipated.

d.is expected by the market prior to the event occurring.

e.results from a surprise announcement or event.

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