CAPM is a multi-period model which takes account of differences in securities' maturities, and it can be used to determine the required rate of return for any given level of systematic risk.

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The Capital Asset Pricing Model (CAPM) is a single-period model that does not account for differences in securities' maturities. It is used to determine the required rate of return based on systematic risk, but it does not consider multiple periods.

CAPM Is a Multi-Period Model Which Takes Account of Differences