choose the only INCORRECT statement about the conclusions from CAPM a. A stock's GDP derived by using the Factor model model is identical to the generated by the Capital Asset Pricing Model b. The securities market line SML measures the excess return stock i E(ri ) = rf + i[E(rM ) rf ] has to pay above market risk premium because of i c. A market portfolio M (like the S&P 500) represents the market's aggregate amount of risk that cannot be diversified away d. No matter how much an investor tries to diversify risk, she will end up with the market potfolio M systematic risk 2M