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What four factors did roll and ross 1995 identify in their

1. What is the APT? In what ways is it both better and worse than the IAPM?

2. What four factors did Roll and Ross (1995) identify in their study of U.S. stocks?

3. Are individual stock returns more closely related to national or industry factors? What implication does this have for portfolio diversification?

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Accounting Basics: What four factors did roll and ross 1995 identify in their

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