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    Exam 12: Estimating the Cost of Capital
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    The Only Way It Can Be Possible to Earn a Positive
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The Only Way It Can Be Possible to Earn a Positive

Question 46

Question 46

Multiple Choice

The only way it can be possible to earn a positive alpha and beat the market is if some investors are holding portfolios with ________ alphas.


A) positive
B) zero
C) negative
D) none of the above

Correct Answer:

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