Question: (d) How can the Fama-McBeth method be used to estimate the CAPM? What are the key assumptions that are made in using this method of

(d) How can the Fama-McBeth method be used to estimate the

(d) How can the Fama-McBeth method be used to estimate the CAPM? What are the key assumptions that are made in using this method of estimation? 7 (e) Explain how Carry and Momentum strategies in the forward foreign exchange market appear to provide high excess returns

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