Which of the Following Is not an Assumption of the Capital

Multiple Choice

Which of the following is not an assumption of the Capital Market Theory?

A) All investors are Markowitz efficient investors.
B) All investors have homogeneous expectations.
C) There are no taxes or transaction costs in buying or selling assets.
D) All investments are indivisible so it is impossible to buy or sell fractional shares.
E) All investors have the same one period time horizon.