Fama and MacBeth Found That the Relationship Between Average Excess

question 37

Multiple Choice

Fama and MacBeth found that the relationship between average excess returns and betas was ___________.

• A) linear
• B) nonexistent
• C) as expected,based on earlier studies
• D) Fama and MacBeth did not examine the relationship between excess returns and beta
• E) a and c

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Definitions:

Interpersonal Relationships

Connections and interactions between two or more people, which can include various types such as friendships, family bonds, and romantic partnerships.

Rural Areas

Regions located outside towns and cities, often characterized by farming, small communities, and lower population density.

Developing Countries

Nations with low to middle levels of industrialization, lower standards of living, and lower Human Development Index ratings than developed countries.

Urban

Pertaining to or characteristic of a city or town, especially in terms of dense population, infrastructure, and cultural offerings.