In the results of the earliest estimations of the security market line by Miller and Scholes (1972) , it was found that the average difference between a stock's return and the risk-free rate was ________ to its beta.
A) positively related
B) negatively related
C) unrelated
D) inversely related
Correct Answer:
Verified
Q2: If a market proxy portfolio consistently beats
Q3: Kandel and Stambaugh (1995) expanded Roll's critique
Q4: The expected return/beta relationship is used
A)by regulatory
Q5: In the empirical study of a multifactor
Q6: In the results of the earliest estimations
Q8: In the 1972 empirical study by Black,
Q9: In the 1972 empirical study by Black,
Q10: Fama and MacBeth (1973) found that the
Q11: Consider the regression equation: ri - rf
Q12: Consider the regression equation: ri - rf
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