Which of the following are assumptions of the Capital Asset Pricing Model (CAPM)? Check all that apply. All investors focus on a single holding period. Investors have homogeneous expectations. Investors have identical estimates of expected returns but not of variances. There are no taxes. The following are the assumptions associated with the CAPM: 1. All investors focus on a single holding period in which they attempt to maximize their return on investments by choosing the best possible investment portfolio. 2. Investors can borrow or lend monetary funds in an unlimited amount and at a given risk-free interest rate. 3. Investors have homogeneous expectations; that is, they share identical estimations on the expected return, standard deviation, and covariance associated with any given investment. 4. All assets are perfectly liquid and divisible, which means that they can be sold in any amount and at a moment's notice. 5. No transactions costs exist, which means that assets can be bought and sold an infinite number of times for nothing more than the agreed-on price between the buyer and seller. 6. CAPM methodology disregards taxes, assuming that they have no direct effect on the rate of return on a particular asset. 7. Investors assume that their buying and selling activities will have no effect on the price of a stock. This is generally true unless the investor is an institution or is extremely wealthy and is buying or selling stock in very large amounts. 8. The quantities of all assets are given and fixed. 9. The market is in equilibrium. The supply of each asset is equal to the demand