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    Investment Analysis and Portfolio Management Study Set 1
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    Exam 7: Asset Pricing Models
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    To Date, the Results of Empirical Tests of the Arbitrage
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To Date, the Results of Empirical Tests of the Arbitrage

Question 32

Question 32

Multiple Choice

To date, the results of empirical tests of the Arbitrage Pricing Model have been


A) clearly favorable.
B) clearly unfavorable.
C) mixed.
D) unavailable.
E) biased.

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