Question: What is the key difference between the capital asset priaing model ( CAPM ) and arbitrage pricing theory ( APT ) ? What was revolutionary

What is the key difference between the capital asset priaing model (CAPM) and arbitrage pricing theory (APT)?
What was revolutionary about the Fama-French Three Factor Model and how is it useful?
Briefly explain what are the "Random Walk" and the Efficient Market Hypothesis?
Explain the neglected-firm effect.
What is the key difference between the capital asset priaing model

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