5. Discuss the similarities and the differences between the CAPM and the APT (8 Points) Do not list or discuss assumptions of CAPM &/orAFT Fill in the table to show difference between open-end and closed-end investment companies. 6. (6 Points) Closed-end Features No. of shares outstanding Frequency of share issue Trading of shares @ NAV Traded in primary/secondary Open-end market 7. What is an event study? It is a test of what form of market efficieney? (6 Points)