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I found it to be quite difficult (I took all three GARP mock exams and found it more difficult than any of those). The questions were highly conceptual/qualitative, which many others have noted over the years. I think that ~20 questions at most required straightforward application of some...

Hi, I came across this question in the 2024 GARP materials (P1.T1.C5, question 5.3) and am curious of GARP's logic in these answer choices. In the CAPM, what is the expected return for a stock with a beta of 1? A. E(Ri) B. E(RM) - r C. r + (E(RM) - r) D. E(RM) They indicate that the...