Which of the following statements is false?

A) We estimate stock betas in practice by regressing future stock returns on returns of the market portfolio.

B) In practice the S&P/TSX Composite Index is used as the market proxy in Canada and the S&P 500 is used in the United States.

C) From recent historical data from Statistics Canada, we can estimate the S&P/TSX Composite Index dividend yield to be about 2.4%.

D) When evaluating international stocks, it is common practice to use a specific country index or international market index.