The most significant conceptual difference between the arbitrage pricing theory (APT) and the capital asset pricing model (CAPM) is that the CAPM ________.
A) places less emphasis on market risk
B) recognises multiple unsystematic risk factors
C) recognises only one systematic risk factor
D) recognises multiple systematic risk factors
Correct Answer:
Verified
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Q38: Liquidity is a risk factor that _.
A)has
Q39: A share's alpha measures the share's _.
A)expected
Q42: Arbitrage is _.
A) is an example of
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Q47: Beta is a measure of _.
A) total
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Q59: The measure of unsystematic risk can be
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