Question: Which statement is false based on the figure? SML-1.png Group of answer choices Consistent with CAPM, the slope of the empirical SML is E(Rm Rf

Which statement is false based on the figure? SML-1.png Group of answer choices Consistent with CAPM, the slope of the empirical SML is E(Rm Rf ). CAPM performs poorly in explaining the cross-section of stock returns. Based on the data, high-beta portfolios are located under the security market line. In the data, low-beta portfolios are underpriced

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