Question: Criticize CAPM and APT. Write a summary of the drawbacks of CAPM and APT according to your own understanding. It should not be exactly the
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Criticize CAPM and APT. Write a summary of the drawbacks of CAPM and APT according to your own understanding. It should not be exactly the same as those written by me in my notes. Think on your own, and you will find a lot more. In addition, indicate under what circumstances we should prefer APT and under what circumstances we should prefer CAPM.
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