Black,Jensen,and Scholes examined the validity of the simple version of the CAPM and the zero beta version of the CAPM.Their empirical results were
A) fully consistent with the simple version of the CAPM.
B) fully consistent with the zero beta version of the CAPM.
C) not fully consistent with either the simple version of the CAPM or the zero beta version of the CAPM,but were more consistent with the simple version of the CAPM.
D) not fully consistent with either the simple version of the CAPM or the zero beta version of the CAPM,but were more consistent with the zero beta version of the CAPM.
E) none of these.
Correct Answer:
Verified
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