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The APT model is more general than the CAPM. Explain how this observation has meaning in the stock selection process.

“The APT model is more general than the CAPM.” Explain how this observation has meaning in the stock selection process.

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Arbitrage Pricing Theory The APT serves as an alternative to the CAPM and it uses fewer assumptions and may be harder to implement than the CAPM Ross developed the APT on the basis that the prices of ... blur-text-image

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