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Please explain. Your help is much appreciated. Which of the following risk-return models is not a multi-factor model? Multi-factor Models The Arbitrage Pricing Model (APM)

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Please explain. Your help is much appreciated.

Which of the following risk-return models is not a multi-factor model? Multi-factor Models The Arbitrage Pricing Model (APM) Fama-French Models The Capital Asset Pricing Model (CAPM)

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