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Please provide a clear and concise definition of the following concepts or an explanation: (a) State-contingent security and state-contingent price Arbitrage Pricing Principle (b) (12.5%)

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Please provide a clear and concise definition of the following concepts or an explanation: (a) State-contingent security and state-contingent price Arbitrage Pricing Principle (b) (12.5%) (12.5%) (c) Total risk of a security in the CAPM model (12.5%) (d) Difference between capital market line and security market line. Diversification (12.5%) (e) (12.5%) Fama-French 3 factor model (12.5%) Testable implications of the APT (12.5%) (h) Efficient portfolio frontier in the MV model (12.5%)

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