In practice which market index is most widely used as a proxy for the market portfolio in the CAPM?
A) Dow Jones Industrial Average
B) Wilshire 5000
C) S&P 500
D) U.S. Treasury Bill
Answer: C
In practice which market index is most widely used as a proxy for the market portfolio in the CAPM?
A) Dow Jones Industrial Average
B) Wilshire 5000
C) S&P 500
D) U.S. Treasury Bill
Answer: C