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Exhibit 6.6
Use the Information Below for the Following Problem(S)
R?t = return for stock i during period t
Rmt = return for the aggregate market during period t
-Refer to Exhibit 6.6.What is the abnormal rate of return for Stock A when you consider its systematic risk measure (beta) ?
Rationale
The underlying reason or justification for something, such as a legal ruling, a business decision, or a philosophical stance.
Right of Lien
A legal right to keep possession of property belonging to another person until a debt owed by that person is discharged.
Bailee
An individual or party to whom personal property is entrusted for a specific purpose, with an obligation to return it to the bailor.
Conversion
The refusal to deliver up a chattel to its rightful owner by a bailee.
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