Question: ( c ) Over the past 1 0 years, Apple stock and the market have had the following average annual excess returns and standard deviations.
c Over the past years, Apple stock and the market have had the following average
annual excess returns and standard deviations.
Does this violate the CAPM:
Explain.
d For the next year, everyone agrees Apple stock and the market have the following ex
pected excess return and standard deviation of returns.
Does this violate the CAPM:
Explain.
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