Some common characteristics of the relevant factors of APT models include all of the following EXCEPT
A) broad economic variables
B) the price of gold
C) the term structure of interest rates
D) corporate earnings and dividends

Question

Quizplus · Accepted Answer

The price of gold is not typically included as a factor in APT models. The other three (broad economic variables, the term structure of interest rates, and corporate earnings and dividends) are commonly used factors in APT models.

Some Common Characteristics of the Relevant Factors of APT Models