The hypothesis for a test of a second-pass regression for the two-factor SMLs. Introduction: Analysts and financial specialists use market proxies as a major aspect of statistical examinations and portfolio demonstrating. Experts and speculators likewise use market proxies as benchmarks for contrasting the performance of a stock with that of the market.

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Chapter 13, Problem 9PS

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To determine: The hypothesis for a test of a second-pass regression for the two-factor SMLs.

Introduction: Analysts and financial specialists use market proxies as a major aspect of statistical examinations and portfolio demonstrating. Experts and speculators likewise use market proxies as benchmarks for contrasting the performance of a stock with that of the market.

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