Which of the Following Statements Is FALSE

Which of the following statements is FALSE?

A) A conclusion of the CAPM that investors should hold the market portfolio only if they have high quality information.
B) A conclusion of the CAPM that investors should hold the market portfolio even if they do not have high trading skills.
C) Even naive investors with no information should hold the market portfolio.
D) The CAPM assumption of homogeneous expectations is not necessarily a good description of the real world.