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    Exam 12: An Alternative View of Risk and Return: The Arbitrage Pricing Theory
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    A Criticism of the CAPM Is That It
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A Criticism of the CAPM Is That It

Question 13

Question 13

Multiple Choice

A criticism of the CAPM is that it:


A) ignores the return on the market portfolio.
B) ignores the risk-free return.
C) requires a single measure of systematic risk.
D) utilizes too many factors.
E) None of these.

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