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Which of the following statements is true? Allowing the frictionless market assumption to hold, prevents the use of CAPM. In frictionless markets, the price of

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Which of the following statements is true? Allowing the frictionless market assumption to hold, prevents the use of CAPM. In frictionless markets, the price of an asset reflects the true market value of the asset. CAPM has no known limitations, thereby making it a reliable source of expected returr In frictionless markets there are positive NPV projects The law of one price holds for real investments

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