The CCAPM assumes that a functioning capital market exists that allows investors to achieve their desired level of personal consumption.

Name: The CCAPM assumes that a functioning capital market exists that allows investors to achieve their desired level of personal consumption.
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Question

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That is,investors make investment choices that allow them to alter their timing of when they consume,so as to maximise the utility of consumption in the long run.

The CCAPM Assumes That a Functioning Capital Market Exists That