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Discuss the capital asset pricing model theory-evidence

Assignment:

Discussion (300 words only, cite the article in APA)

Using the attached article: Fama and French (2004) The Capital Asset Pricing Model Theory and Evidence, The Journal of Economic Perspectives, 18, 3 pp 25-46 explain in your own words how the three factor CAPM model redefines our concepts of stock price estimated required rate of return.

Readings:

The Capital Asset Pricing Model Theory and Evidence

By Eugene F. Fama and Kenneth R. French

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