All of the Following Are Assumptions of the Capital Asset

Multiple Choice

All of the following are assumptions of the Capital Asset Pricing Model (CAPM) except

A) Investors can borrow and lend any amount at the risk-free rate.
B) Investors all have homogeneous expectations regarding expected returns.
C) Investors can have different time horizons, daily, weekly, annual, or some other period.
D) All investments are infinitely divisible.
E) Capital markets are in equilibrium.