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Business, 26.03.2021 01:50 itsjustmechucky

Beta is defined as the covariance of the asset with the market portfolio divided by the variance of the market portfolio. Intuitively, beta helps to objectively link risk with return and can be calculated by regressing excess stock returns on excess market returns. Beta can be positive, zero, or negative and is importantly, constant (not time varying) over time. a. True
b. False

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