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.

Question

Quizplus · Accepted Answer

The results of empirical tests of the Arbitrage Pricing Model have been mixed, indicating that the model may have some limitations and may not be universally applicable in all situations. While some studies have found support for the APM, others have found that it does not always provide accurate predictions of asset returns, especially in certain market conditions. Further research is needed to fully evaluate the strengths and weaknesses of the APM.

To Date,the Results of Empirical Tests of the Arbitrage Pricing