A comparison of the APT and CAPM a note

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Abstract

The single factor version of Ross' arbitrage pricing theory and the Sharpe-Lintner-Mossin capital asset pricing model offer deceptively similar pricing relationships. This paper derives conditions for the equivalence of the two paradigms. © 1983.

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Jarrow, R., & Rudd, A. (1983). A comparison of the APT and CAPM a note. Journal of Banking and Finance, 7(2), 295–303. https://doi.org/10.1016/0378-4266(83)90039-0

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