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Security a Has a Beta of 1

question 2

Essay

Security A has a beta of 1.0 and an expected return of 12%.Security B has a beta of 0.75 and an expected return of 11%.The risk-free rate is 6%.Explain the arbitrage opportunity that exists; explain how an investor can take advantage of it.Give specific details about how to form the portfolio,what to buy and what to sell.


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