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Abstract: Rate-of-Return Characteristics and Risk-Return Relationships of Low-Priced, Highly Speculative Securities

Published online by Cambridge University Press:  19 October 2009

Norman D. Gardner
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Extract

Purpose. The purpose of this paper is to examine the rate-of-return characteristics and risk-return relationships of low-priced, highly speculative securities and to compare these with those of so-called higher-quality issues. The capital asset pricing model is used as a framework for conducting this analysis.

Type
XII. Securities–Risk and Return
Information
Journal of Financial and Quantitative Analysis , Volume 11 , Issue 4 , November 1976 , pp. 645
Copyright
Copyright © School of Business Administration, University of Washington 1976

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