Question: There are some problems with the original CAPM model, and various extensions have been developed to address these issues, for example, the Intertemporal CAPM, the

There are some problems with the original CAPM model, and various extensions have been developed to address these issues, for example, the Intertemporal CAPM, the International CAPM, the Behavioural CAPM, etc. Choose one extension to focus on. Explain the main idea of that extension, and appraise its empirical validity using good-quality references.

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