【单选题】An important difference between CAPM and APT is (choose all options that apply)
A.
CAPM depends on risk-return dominance; APT depends on a no-arbitrage condition.
B.
CAPM assumes many small changes are required to bring the market back to equilibrium; APT assumes a few large changes are required to bring the market back to equilibrium.
C.
implications for prices derived from CAPM arguments are stronger than prices derived from APT arguments.
D.
Both CAPM depends on risk-return dominance; APT depends on a no-arbitrage condition and CAPM assumes many small changes are required to bring the market back to equilibrium; APT assumes a few large changes are required to bring the market back to equilibrium.
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