For most countries and most firms,the domestic country beta

Question

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The domestic country beta reflects the systematic risk of a security or portfolio in relation to the domestic market, while the world beta reflects its systematic risk in relation to the global market. Typically, the domestic beta can be no lower than its world beta because the domestic market is part of the global market, and thus, the risks associated with the global market encompass those of the domestic market plus additional global risks.

For Most Countries and Most Firms,the Domestic Country Beta