In the tests of the FF-3F model,

a. Two additional risk premiums: for high minus low (book market) and small minus big (firm size) portfolios are in addition to the market risk premium, with loadings on the premiums.

b. The additional risk premiums may be viewed in analogy with the risk premium for the risky market return minus risk-free asset portfolio in the CAPM.

c. The factor loadings may be viewed in analogy with beta on the market risk premium.

d. All of the above are reasonably accurate statements.