The CAPM is a multi-period model that takes account of differences in securities' maturities, and it can be used to determine the required rate of return for any given level of systematic risk.

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The Capital Asset Pricing Model (CAPM) is a single-period model that does not account for differences in securities' maturities. It is used to determine the required rate of return for a security based on its level of systematic risk, without considering the term to maturity.

The CAPM Is a Multi-Period Model That Takes Account of Differences