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I want to study the evolution of equity premium models and which factors matter the most? I want an analysis of why a model was
I want to study the evolution of equity premium models and which factors matter the most?
I want an analysis of why a model was created, what were its shortcomings and what were its assumptions? Why did we need newer models?
I want to focus on CAPM, APT and FamaFrench factor model.
Also mention which factors matter the most in pricing the equity premiums.
Please provide a well referenced answer.
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