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Which of the following statements is wrong? A. Interest rates is an factor that can be used in Arbitrage Pricing Theory based valuation models. B.

Which of the following statements is wrong?

A. Interest rates is an factor that can be used in Arbitrage Pricing Theory based valuation models.

B. Oil price is an factor that can be used in Arbitrage Pricing Theory based valuation models.

C. CAPM uses market returns as the only factor for valuation.

D. CAPM uses exchange rates as a factor for valuation.

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