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In Developing Their Test of a Multifactor Model,Chen,Roll,and Ross Hypothesized

Question 1

Multiple Choice

In developing their test of a multifactor model,Chen,Roll,and Ross hypothesized that __________ for systematic factors.


A) the monthly growth rate in industrial production might be a proxy
B) unexpected inflation might be a proxy
C) expected inflation might be a proxy
D) a and b
E) a,b,and c

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