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An empirical investigation of Arbitrage Pricing Theory: A case Zimbabwe

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Figure

Table 1: Augmented Dickey Fuller (ADF) test results after appropriate differencing.
Table 2 reports diagnostic test results of residuals of the VAR model.
Table 3: Impulse response functions  - 0 . 0 4- 0 . 0 20 . 0 00 . 0 20 . 0 40 . 0 6 1 2 3 4 5 6 7 8 9 1 0Response  of   SP  t o  SP - 0
Table 4: Variance Decomposition of stock prices

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