Which of the following is not an assumption of the capital, Financial Management

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Which of the following is not an assumption of the capital

Which of the following is not an assumption of the capital asset pricing model (CAPM)?

All investors can borrow or lend money at the risk-free rate of return.

Capital markets are in equilibrium.

All investors have identical expectations about expected returns, standard deviations, and correlation coefficients for all securities.

Transaction costs are the same for all investors

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Financial Management: Which of the following is not an assumption of the capital

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Financial Management: Which of the following is not an assumption of the capital

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