Which of the Following Statements Is FALSE

Multiple Choice

Which of the following statements is FALSE?

A) The S&P 500 and the Wilshire 5000 indexes are both well-diversified indexes that roughly correspond to the market of U.S.stocks.
B) Practitioners commonly use the S&P 500 as the market portfolio in the CAPM because they believe that this index is actually the market portfolio.
C) Standard & Poor's Depository Receipts (SPDR,nicknamed "spider") trade on the American Stock Exchange and represent ownership in the S&P 500.
D) The S&P 500 was the first widely publicized value weighted index and it has become a benchmark for professional investors.