In the 1972 empirical study by Black,Jensen,and Scholes,they found that the estimated slope of the security market line was _______ what the CAPM would predict.
A) higher than
B) equal to
C) less than
D) twice as much as
E) more information is required to answer this question
Correct Answer:
Verified
Q1: In the empirical study of a multi-factor
Q2: In the 1972 empirical study by Black,Jensen,and
Q3: Fama and MacBeth (1973)found that the relationship
Q5: In the empirical study of a multi-factor
Q6: Consider the regression equation:
Ri- rf= g0+g1b1+ g2s2(ei)+
Q7: The expected return/beta relationship is used _.
A)by
Q8: Consider the regression equation:
Rit- rft= ai+ bi(rmt-
Q9: The expected return/beta relationship is not used
Q10: _ argued in his famous critique that
Q11: If a professionally managed portfolio consistently outperforms
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