Question: Please mark the only incorrect comparison between the APT and the CAPM models: a. APT and CAPM can arrive at the same security market line

Please mark the only incorrect comparison between the APT and the CAPM models:

a.

APT and CAPM can arrive at the same security market line

b.

Both models explain a securitys expected return as a function of one (or several) systematic risks (called betas)

c.

Both APT and CAPM differentiate between market risk and firm-specific risk

d.

Both models assume that investors are mean-variance optimizers

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