An repelling feature of the APT model is that it makes few assumptions about investors and the structure of the market.

Question

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The appealing feature of the Arbitrage Pricing Theory (APT) is that it makes fewer assumptions about investors and the structure of the market compared to other models, such as the Capital Asset Pricing Model (CAPM). This flexibility is considered one of its strengths.

An Repelling Feature of the APT Model Is That It