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According to the CAPM, the required rate of return on stock is a positive function of all of the following, except:
Constitutionally Divided
A term referring to the separation of powers among the different branches of government as defined by a constitution.
Implied
Something suggested or indicated, though not expressly stated.
Internal Revenue Service
The U.S. government agency responsible for the collection of taxes and enforcement of tax laws.
Expressed Powers
Specific powers granted to the government or its branches explicitly mentioned in a constitution, particularly the United States Constitution.
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