In the 1972 empirical study by Black, Jensen, and Scholes, they found that the estimated slope of the security market line was _______ what the CAPM would predict.
A) higher than
B) equal to
C) less than
D) twice as much as
Correct Answer:
Verified
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
Q7: In the results of the earliest estimations
Q8: 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
Q13: In the 1972 empirical study by Black,
Q14: Given the results of the early studies
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