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    Exam 7: Asset Pricing Models: Capm and Apt
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    Findings by Basu That Stocks with High P/E Ratios Tended
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Findings by Basu That Stocks with High P/E Ratios Tended

Question 49

Question 49

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Findings by Basu that stocks with high P/E ratios tended to stocks with low P/E ratios challenge the efficacy of the CAPM.

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