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Recommend an alternative to the CAPM for analyzing capital assets. Provide support for your recommendation.

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1. Recommend an alternative to the CAPM for analyzing capital assets. Provide support for your recommendation.
2. Assess the effectiveness of using multifactor models to help investors understand the relative risk exposures in their portfolios relative to benchmark portfolios. Make a recommendation on how investor understanding may be improved. Support your rationale.
Please answer both questions and give references.

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