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What is Roll's critique of CAPM? O CAPM is fundamentally flawed since it assumes all investors assume the same time horizon. O Beta cannot be
What is Roll's critique of CAPM? O CAPM is fundamentally flawed since it assumes all investors assume the same time horizon. O Beta cannot be used to test portfolio returns without include measures of alpha. O Exclusions of much of investor wealth from CAPM makes it fundamentally untestable, O CAPM is fundamentally flawed since it assumes all investors have an infinite time horizon
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