BKG303Xuất hiện trong 1 đề thi
What is the empirical challenge associated with the CAPM as per Fama and French?
Các lựa chọn
A(i) CAPM's estimate of cost of equity capital is biased upward for high beta firms
B(ii) CAPM's estimate of cost of equity capital is biased downward for low beta firms
C(iii) CAPM's estimate of cost of equity capital is accurate for all firms
DBoth (i) and (ii)