Kothari,Shanken and Sloan (1994) use annual intervals to estimate stock betas and find
A) the expected return-beta relationship is not statistically significant.
B) there has been substantial compensation for beta risk over the 1927-1941 period,but not since that time.
C) there has been substantial compensation for beta risk over the 1941-1990 period but not before that time.
D) there has been substantial compensation for beta risk over the 1941-1990 period and even more over the 1927-1990 period.
E) none of these.
Correct Answer:
Verified
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