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The capital asset pricing model (CAPM): a. Considers the relationship between the fluctuations in a security's returns and the market returns b. Assumes the market

The capital asset pricing model (CAPM):

a. Considers the relationship between the fluctuations in a security's returns and the market returns

b. Assumes the market has a beta of zero and the risk-free rate is positive

c. Applies to portfolios but not to individual securities

d. Rewards investors based on total risk assumed

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