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Critically discuss the capital market models, the arbitrage pricing theory (APT), and the Fama-French (FF) three-factor model in terms of the rationale for why (or
Critically discuss the capital market models, the arbitrage pricing theory (APT), and the Fama-French (FF) three-factor model in terms of the rationale for why (or why not) academics and or practitioners use them. Briefly discuss any updates (i.e. at least one) to the original FF three-factor model and their purpose.
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