Question:
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The relationship between risk (as measured by beta) and return is only significant if the relationship is conditional upon the sign of the excess market return. With reference to recent empirical studies discuss the importance of including the sign of the excess market return when examining the beta return relationship.
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Please use the Journals used in the word file to write this assignment and use all details for that particular journal to discuss the question. ( Minimum 7 journals should be used in addition 3 mentioned in word doc). Additional journals that you are going to use should be after 2010.
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