'Denotes significance at 0.10 level or better for two-tailed test. Note: The tvalues appear in parentheses beneath the coefficients. Source: Cheng F. Lee and W. P. Lloyd, op. cit., Table 3b.
Union Oil. To put the matter differently, the movement in the rate of return on Standard of Indiana can be better explained if in addition to the market rate of return we also consider the rates of return experienced by Shell Oil, Phillips Petroleum, and Union Oil.
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