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Unlike the capital asset pricing model, the arbitrage pricing theory requires only the following assumption(s): A. A quadratic utility function. B. Normally distributed returns. C.

Unlike the capital asset pricing model, the arbitrage pricing theory requires only the following assumption(s): A. A quadratic utility function. B. Normally distributed returns. C. The stochastic process generating asset returns can be represented by a factor model. D. A mean-variance efficient market portfolio consisting of all risky assets. E. All of the above

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