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Discuss the advantages of the multifactor APT over the single factor APT and the CAPM. What is a key shortcoming of the multifactor APT? How
Discuss the advantages of the multifactor APT over the single factor APT and the CAPM. What is a key shortcoming of the multifactor APT? How does this key shortcoming compare to CAPM implications?
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Financial Management Core Concepts
Authors: Raymond M Brooks
2nd edition
132671034, 978-0132671033
