Briefly explain the difference between the CAPM and the arbitrage pricing theory (APT).

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Financial management theory and practice

ISBN: 978-0324422696

12th Edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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Question Posted: Mar 25, 2010 06:14 AM

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Briefly explain the difference between the CAPM and the arbitrage pricing theory (APT).

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The CAPM is a singlefactor model while the Arbitrage Pricing Theory APT can includ...View the full answer

Financial management theory and practice

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