PRICE, BETA, AND EXCHANGE LISTING

Authors

  • Marshall E. Blume,

  • Frank Husic

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    • University of Pennsylvania, and Donaldson, Lufkin, and Jenrette, Inc., respectively. The authors wish to thank Professors Fisher Black, Eugene Fama, Irwin Friend, Stephen Ross, and Randolph Westerfield for their much appreciated comments, and the Rodney L. White Center for Financial Research for financial support.

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