5] Whillel ot the following statements is false:I a} Rather than relying on the efficiency of a single portfolio {such as the market], multifactor models rely on the weaker condiiion that an efficient portfolio can be constructed from a collection of welldiversied portfolios or factors. b} A positive alpha in a single factor model ieans that the portfolios that implement the trading strategy capture risk that is not captured by the market portfolio. 1:} Mulljfactor models have a distinct advantage over singlefactor models in that it is much easier to identify a collection of portfolios that captures systematic risk than just a single portfolio. d} Trading strategies based on market capitalization, booktomarket ralios, and momentum have been developed that appear to have zero alphas. e} None of the above 6] A stock that pays no dividends is currently priced at $43 and is expected to increase in price to $45 by year end. The expected risk premium on the market portfolio is 6'qu and the riskfree rate is 5%. If you believe in the CAPl'vl and if the stock has a beta of {1.6, the stock is a} overpriced b} underpriced c} appropriately priced d} Cannot tell from the given information e} None of the above