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Use the Equation for the Question(s)below

question 20

Multiple Choice

Use the equation for the question(s) below.
Consider the following factor model:
E[Rs] - rf = Use the equation for the question(s) below. Consider the following factor model: E[R<sub>s</sub>] - r<sub>f</sub> =   (E[R<sub>Mkt</sub>] - r<sub>f</sub>) +   E[R<sub>SMB</sub>] +   E[R<sub>HML</sub>] +   -The term   measures the sensitivity of the securities returns to: A) size. B) book-to-market. C) momentum. D) the overall market. (E[RMkt] - rf) + Use the equation for the question(s) below. Consider the following factor model: E[R<sub>s</sub>] - r<sub>f</sub> =   (E[R<sub>Mkt</sub>] - r<sub>f</sub>) +   E[R<sub>SMB</sub>] +   E[R<sub>HML</sub>] +   -The term   measures the sensitivity of the securities returns to: A) size. B) book-to-market. C) momentum. D) the overall market. E[RSMB] + Use the equation for the question(s) below. Consider the following factor model: E[R<sub>s</sub>] - r<sub>f</sub> =   (E[R<sub>Mkt</sub>] - r<sub>f</sub>) +   E[R<sub>SMB</sub>] +   E[R<sub>HML</sub>] +   -The term   measures the sensitivity of the securities returns to: A) size. B) book-to-market. C) momentum. D) the overall market. E[RHML] + Use the equation for the question(s) below. Consider the following factor model: E[R<sub>s</sub>] - r<sub>f</sub> =   (E[R<sub>Mkt</sub>] - r<sub>f</sub>) +   E[R<sub>SMB</sub>] +   E[R<sub>HML</sub>] +   -The term   measures the sensitivity of the securities returns to: A) size. B) book-to-market. C) momentum. D) the overall market.
-The term Use the equation for the question(s) below. Consider the following factor model: E[R<sub>s</sub>] - r<sub>f</sub> =   (E[R<sub>Mkt</sub>] - r<sub>f</sub>) +   E[R<sub>SMB</sub>] +   E[R<sub>HML</sub>] +   -The term   measures the sensitivity of the securities returns to: A) size. B) book-to-market. C) momentum. D) the overall market. measures the sensitivity of the securities returns to:


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