The Capital Asset Pricing Model:
a. has serious flaws because of its complexity.
b. mea...
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The Capital Asset Pricing Model:
a. has serious flaws because of its complexity.
b. measures relevant risk of a security and shows therelationship betweenrisk and expected return.
c. was developed by Markowitz in the 1930s.
d. discounts almost all of the Markowitz portfoliotheory
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