if you can take long or short position in a stock and follow an active investment approach
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Question:
if you can take long or short position in a stock and follow an active investment approach what would u prefer?
A. positive alpha and high firm specific risk?
B. negative alpha and low firm specific risk?
C. zero alpha and low firm specific risk?
D. zero alpha and high firm specific risk?
E. zero alpha with high CAPM beta coefficient
Expert Answer:
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