Question: The APT differs from the CAPM because the APT a . recognizes multiple systematic risk factors. b . recognizes multiple unsystematic risk factors. c .

The APT differs from the CAPM because the APT
a.
recognizes multiple systematic risk factors.
b.
recognizes multiple unsystematic risk factors.
c.
minimizes the importance of diversification.
d.
places more emphasis on market risk.

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