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Exhibit 15-6.Tiffany & Co.has been the world's premier jeweler since 1837.The performance of Tiffany's stock is likely to be strongly influenced by the economy.Monthly data for Tiffany's risk-adjusted return and the risk-adjusted market return are collected for a five-year period (n = 60) .The accompanying table shows the regression results when estimating the CAPM model for Tiffany's return. Refer to Exhibit 15-6.To determine whether abnormal returns exist,which of the following competing hypotheses do you set up?
Units
Basic measures or quantities adopted to quantify and express the count of objects, substance volume, or other phenomena.
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Beverages that are served chilled, often including sodas, iced teas, and various types of juices.
Temperature
A physical quantity expressing the subjective perceptions of hot and cold, measured by a thermometer.
Increased
A term denoting a situation or quantity that has grown or become larger or greater in size, volume, number, or degree.
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