Assume that the market portfolio has a duration of 15 years and an individual stock has a duration of 20 years.
What can you say about the stock's beta with respect to the market portfolio? The stock's beta is likely to be:
Assume that the market portfolio has a duration of 15 years and an individual stock has a duration of 20 years.
What can you say about the stock's beta with respect to the market portfolio? The stock's beta is likely to be: