Empirical Tests of the APT Model Have Found That as the Size

question 66

True/False

Empirical tests of the APT model have found that as the size of a portfolio increased, so did the number of factors.

---

Definitions:

Government License

An official permission granted by the government allowing individuals or entities to engage in certain activities or professions.

Artisan Lien

An Artisan Lien is a legal claim or right granted to craftsmen or laborers on the property they have improved or constructed as security for payment owed to them.

Improver

In legal terms, a person who enhances the value of property (not their own) through labor or new additions.

Property

Refers to legally owned items or assets, including real estate, personal items, and intellectual property.