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The APT (Arbitrage Pricing Theory) model arises as a response to doubts about the applicability of the CAPM model in the real world, where the

The APT (Arbitrage Pricing Theory) model arises as a response to doubts about the applicability of the CAPM model in the real world, where the performance of the market portfolio is not the result of a single source, but is derived from multiple factors. macroeconomics.

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