True or false

The CAPM beta measures the average expected return on a risky asset i. Select one: O True O False Jensen's alpha measures the extent to which the average return on asset i is unexplained by the return on the market portfolio. Select one: True O False A multifactor model is truly well-specified according to the Arbitrage Pricing Theory when the residual or idiosyncratic shock for each stock in the S&P500 are correlated with each other. Select one: O True O False he GRS statistic is a statistical test that helps test whether the CAPM works. elect one: True False