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The Multi-factor Arbitrage Pricing Theory Model (APT) may be valid at the same time as the Capital Asset Pricing Model (CAPM) and for the same

The Multi-factor Arbitrage Pricing Theory Model (APT) may be valid at the same time as the Capital Asset Pricing Model (CAPM) and for the same market...

[choose the answer which best completes the sentence]

A. depending on whether information other than market prices is considered

B. never

C. only if Arbitrage is possible

D. always

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