Question: Please answer ASAP. A research team has provided you with data that suggest that the Capital Asset Pricing Model (CAP M) does not adequately describe

Please answer ASAP.

A research team has provided you with data that suggest that the Capital Asset Pricing Model (CAP M) does not adequately describe equity returns. The team has concluded that this means that investors are not rational. Discuss the validity of their conclusion. minimum 300 words.

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