Empirical studies of the Capital Asset Pricing Model have produced ____ results.
A) universally adoring
B) mixed
C) mostly negative
D) mostly positive

Question

Quizplus · Accepted Answer

Empirical studies of the Capital Asset Pricing Model have produced mixed results. While some studies have supported the model, others have found it to be inadequate in explaining the relationship between risk and return in financial markets.

Empirical Studies of the Capital Asset Pricing Model Have Produced