Which of the following statements is false?

A)	Investors do not like risk and require a higher return to compensate.

B)	We we compute a NPV, we are asking is something is worth more than it costs.

C)	It is not difficult to prove or disprove the Capital Asset Pricing Model.

D)	An options refers to the opportunity to trade in the future on terms that are fixed today.

E)	The efficient markets hypothesis has been extensively tested.