5) Which of the following statements represents the homogeneous expectations assumption that underlies the Capital Asset Pricing Model (CAPM)? Choose only one. Please provide a 4-5 sentence explanation of why you selected this option. (10 points) (A) Investors can only buy and sell at competitive market prices. (B) Investors can borrow or lend at the risk-free interest rate. (C) There are no taxes or transaction costs. (D) All investors have identical estimates for the volatilities, correlations, and expected returns of securities. ( Investors only hold portfolios that yield maximum expected return for a given level of volatility. (E)