Testing the CAPM
0
5
10
15
20
25
Average Return (%)
Book-Market Ratio
Highest Lowest
Book-Market Book-Market vsvs. Average Return. Average Return
Testing the CAPM
0
5
10
15
20
25
Average Return (%)
Book-Market Ratio
Highest Lowest
Book-Market Book-Market vsvs. Average Return. Average Return