The arbitrage pricing theory (APT)and the CAPM both assume all except the following?
A)Investors have homogeneous beliefs.
B)Investors are risk-averse utility maximizers.
C)Borrowing and lending can be done at the rate RF.
D)Markets are perfect.

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The Answer of The arbitrage pricing theory (APT)and the CAPM both assume all except the following?
A)Investors have homogeneous beliefs.
B)Investors are risk-averse utility maximizers.
C)Borrowing and lending can be done at the rate RF.
D)Markets are perfect.

The Arbitrage Pricing Theory (APT)and the CAPM Both Assume All