__________ argued in his famous critique that tests of the expected return/beta relationship are invalid and that it is doubtful that the CAPM can ever be tested.
A)Kim
B)Markowitz
C)Modigliani
D)Roll
E)none of the above

Question

Quizplus · Accepted Answer

James Roll argued in his famous paper "The Hubris Hypothesis of Corporate Takeovers" that tests of the expected return/beta relationship are invalid and that it is doubtful that the CAPM can ever be tested.

__________ Argued in His Famous Critique That Tests of the Expected