Multiple Choice
In the results of the earliest estimations of the security market line by Miller and Scholes (1972) , it was found that the average difference between a stock's return and the risk-free rate was ________ to its beta.
A) positively related
B) negatively related
C) unrelated
D) inversely related
E) not proportional
Correct Answer:
Verified
Correct Answer:
Verified
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