what is the risk premium of a zero beta stock? Does that mean you can lower the volatility of a portfolio without changing the expected return by subsubstituting out any zero beta stock in a portfolio & replacing it with the risk free asset?
what is the risk premium of a zero beta stock? Does that mean you can lower the volatility of a portfolio without changing the expected return by subsubstituting out any zero beta stock in a portfolio & replacing it with the risk free asset?