& Moving to another question will save this response. Question 19 Which of the following statement is NOT correct regarding the CAPM? a. The CAPM fails in empirical tests. b. The CAPM is based on many assumptions, most of which are realistic. c. The CAPM is still frequently used in the real world. d. The CAPM assumes that expected return of a financial asset depends on its systematic risk. e. One important advantage of the CAPM Is its simplicity. SC BO FS 900 OOD # $ 1 %