Question: Is the following statement True, False or Ambiguous? Provide a short (one or two sentence) justification for each of your answers!! The CAPM model is

Is the following statement True, False or Ambiguous? Provide a short (one or two sentence) justification for each of your answers!!

The CAPM model is not very successful in the data, because there are risk factors that are not captured by the market risk.

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