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Basic Question 10 of 11
Which is (are) multi-factor model(s)?
II. Capital Market Pricing Model (CAPM)
III. Arbitrage Price Theory (APT)
I. Markowitz Modern Portfolio Theory (MPT)
II. Capital Market Pricing Model (CAPM)
III. Arbitrage Price Theory (APT)
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe arbitrage pricing theory (APT), including its underlying assumptions and its relation to multifactor models;
define arbitrage opportunity and determine whether an arbitrage opportunity exists;
calculate the expected return on an asset given an asset's factor sensitivities and the factor risk premiums;
CFA® 2025 Level II Curriculum, Volume 5, Module 40.