To date, the results of empirical tests of the Arbitrage Pricing Model have been
A) Clearly favourable.
B) Clearly unfavourable.
C) Mixed.
D) Unavailable.
E) Biased.

Question

Quizplus · Accepted Answer

The results of empirical tests of the Arbitrage Pricing Model have been mixed, with some studies supporting the model and others finding it inaccurate or flawed. Therefore, choice C is the best answer as it accurately reflects the current state of research on the model.

To Date, the Results of Empirical Tests of the Arbitrage