Question: The major conceptual difference between the arbitrage pricing theory (APT) and the capital asset pricing model (CAPM) is that: A.) APT can include multiple factors

The major conceptual difference between the arbitrage pricing theory (APT) and the capital asset pricing model (CAPM) is that:

A.) APT can include multiple factors

B.) CAPM cannot be used to measure past performance

C.) CAPM can include multiple factors

D.) APT places all the emphasis on the market risk

E.) APT recognizes only one systematic risk factor

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