Compare the pros and the cons of the capital asset pricing model (CAPM) and the Arbitrage Pricing Theory (APT). Then, discuss the reliability of the CAPM and APT by referring to recent empirical testing from the U.S. market and/or the international market.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
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Compare the pros and the cons of the capital asset pricing model (CAPM) and the Arbitrage Pricing Theory (APT). Then, discuss the reliability of the CAPM and APT by referring to recent empirical testing from the U.S. market and/or the international market.

 

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