Most analysts use the S&P/TSX Composite Index as a proxy for the market portfolio.
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Q37: A security that plots above the SML
Q38: The arbitrage pricing theory is more general
Q39: In equilibrium, all risky assets must have
Q40: All possible portfolios lie on the CML.
Q41: Beta is a measure of systematic risk
Q43: Based on the evidence, the arbitrage pricing
Q44: Like the CAPM, the APT assumes borrowing
Q45: Both the CAPM and the APT assume
Q46: Risk is defined relative to a stock's
Q47: The market portfolio has a beta of
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