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Explain the Capital Asset Pricing Model (CAPM) and discuss its limitations. State reasons why the model has been important in investment decision making, despite such

  1. Explain the Capital Asset Pricing Model (CAPM) and discuss its limitations. State reasons why the model has been important in investment decision making, despite such limitations. You are also required to provide definition and explanation of at least three alternative investment performance measurement approaches derived from the CAPM and discuss how those successors are differentiated from the predecessor.

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