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What is the null hypothesis of the Wald test for empirical CAPM,=++Rt=+Rmt+ut? What does it...

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Finance

What is the null hypothesis of the Wald test for empirical CAPM,=++Rt=+Rmt+ut? What does it mean?

Select one:

a)

Under the null hypothesis: 0:=0H0:=0, CAPM holds.

b)

Under the null hypothesis: 0:=0H0:=0, CAPM does not hold.

c)

Under the null hypothesis: 0:=0H0:=0, CAPM holds.

d)

Under the null hypothesis: 0:=0H0:=0. CAPM does not hold.

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