Evaluate the following statements as true or false. You must briefly explain your answer for credit. a) Suppose returns follow a single-factor structure, with the market index being the factor. According to the APT, it is possible for the realised return on a well-diversified portfolio to consistently deviate from the SML every period. b) If financial markets are truly efficient, we should not expect any investor to beat the market return consistently over a long period of time. c) Between coupon payment dates, the value of a floater increases when the indicator rate increases, since the size of the coupon payment is determined by the indicator rate. Evaluate the following statements as true or false. You must briefly explain your answer for credit. a) Suppose returns follow a single-factor structure, with the market index being the factor. According to the APT, it is possible for the realised return on a well-diversified portfolio to consistently deviate from the SML every period. b) If financial markets are truly efficient, we should not expect any investor to beat the market return consistently over a long period of time. c) Between coupon payment dates, the value of a floater increases when the indicator rate increases, since the size of the coupon payment is determined by the indicator rate